The number of people paying tax on their savings income is set to quadruple in just four years, according to data by AJ Bell. In a Freedom of Information request made to HM Revenue & Customs, it revealed that 2.64mn people are expected to be hit with tax on their savings in the 2025/26 tax
Pensioners who earn more than £35,000 of taxable income face being paid the cash sum – which is £200 or £300 – but will have to pay it back All pensioners will get the winter fuel payment but some will have to pay it back to the DWP(Image: Getty Images) State pensioners have been warned
I live alone in a house that I own. However, for the past few years I have taken in a lodger to help pay the bills. It is not an issue right now but I am wondering what this will mean if I sell the house in the future. I do not think they come
Pensioners who earn more than £35,000 can avoid a “tax headache” by opting out of the winter fuel payment, a leading tax advice firm says. Most people of state pension age get the payment of between £100 and £300 towards heating bills automatically, but if your income is more than £35,000, HMRC will take it
Attendance Allowance is a benefit from the Department for Work and Pensions (DWP) for people of State Pension age and over. It’s not means-tested so it doesn’t matter what other money you get 17:12, 04 Aug 2025Updated 17:12, 04 Aug 2025 DWP giving state pensioners £5,740 tax-free which isn’t means-tested [stock image] State pensioners are
Council tax bills in some parts of the UK could rise by as much as £500 by 2029/30, according to analysis of government plans. There will be 28 areas where bills will be over £3,000 in 2029/30, the TaxPayers’ Alliance has found, with bills for Band D – the middle of the council tax bands
NO ONE likes handing over their hard-earned money to the taxman – but could you be giving away too much? You don’t need to be rich to cut your tax bill as there are plenty of tricks to reduce how much you pay now, regardless of your income. Top money journalist Holly Mead explains how.
Making Tax Digital for Income Tax (MTD ITSA) is no longer a distant policy. After several delays, the regime begins its phased introduction in April 2026, reshaping how self-employment and property income is reported to HMRC. The first group affected will be individuals with combined annual income from these sources exceeding £50,000, followed by those
Most people can earn some interest from their savings without paying tax, but you could have your tax code changed if you go over your allowance. Here’s what you need to know HMRC changing tax codes for some people who have savings accounts HMRC is changing the tax code for some savers who have reached
Could you clarify a passing comment that you made in your article last week. You used the phrase “by blood”. Are you drawing a distinction with uncle or aunt by marriage versus an uncle or aunt “by blood”? In other words, are you saying that a child can inherit under Class B from their parent’s