Millions of people will be affected by a range of savings, investment and tax changes that take effect in just under a year’s time. “April 2027 may feel some way off, but when it comes to financial planning, a year is not a long time,” says Jason Hollands at the wealth management firm Evelyn Partners.
New rules around car tax for certain models have been confirmed State pensioners face £400 bill from HMRC ‘if Rachel Reeves gets her way’ Owners of some cars will save hundreds of pounds this year following changes to tax rules. Some more expensive cars are subject to a so-called £425 ‘luxury’ tax, on top of
27 April, 2026 By Daniel Bosley Financial consultant warns removal of exemptions as part of landfill tax reforms will make maritime projects unviable and harm growth This area is reserved. Please register or subscribe for full access to continue reading. If
Despite this, it said a wealth tax was “the most widely discussed policy option” among those who believe inequality is too high. Zack Polanski, the Green Party leader, called last month for an annual levy of 1pc for those with assets worth more than £10m, rising to 2pc for those with more than £1bn. He
Have you changed the way you earn income because of Making Tax Digital? Email money@telegraph.co.uk* A tradesman earning less than £4,000 a year in rental income will be forced to report his tax five times a year under new HMRC rules. Landlords, businesses and the self-employed with a turnover of at least £50,000 must now
In our weekly series, readers can email in with any questions about retirement and pension savings to be answered by our expert, Tom Selby, director of public policy at investment platform AJ Bell. There is nothing he does not know about pensions. If you have a question for him, email us at money@theipaper.com Question: I
Among the cars which are now tax free following Vehicle Excise Duty changes include some which were seen extensively across the UK’s roads Drivers are being warned about changes to car tax rules(Image: PA) A major change to car tax rules means that a number of vehicles on UK roads can now be tax free.
Millions of pensioners have just received a boost to their state pension — but experts warn the increase could tip some into paying tax for the first time, quietly reducing the benefit The state pension is heading closer to the personal allowance(Image: GETTY) Millions of pensioners welcomed a rise in their weekly income this April
Olly Cheng, of wealth manager Rathbones, said: “Frozen thresholds are quietly pulling more people into higher tax bands, meaning more households will pay more tax, often without realising it.” By the time thresholds finally rise – which, based on current plans, won’t happen until April 2031 – the income tax system will have been in
You can normally claim your refund online, or you can wait for a cheque to be sent in the post 10:42, 26 Apr 2026Updated 10:42, 26 Apr 2026 HMRC will write to you if you are owed a tax rebate(Image: Getty) HMRC has issued a reminder to almost one million people who are owed a