23 h. ago HMRC confirms over seven million people set to pay higher rate of income tax this year

Frozen tax thresholds have pushed people into higher brackets as their pay has increased.

Economics

25 h. ago DWP state pension payments to plummet as Brits born before 1959 set for 'bad news'

The DWP has issued a warning to those over the age of 66. Additional 420,000 pensioners are set to pay income tax this year, it has been warned

Economics

45 h. ago Do YOU want to retire in the sun? The top spots that will slash your tax bill by thousands

With UK inflation remaining stubbornly high and fiscal drag biting into your pension thanks to frozen income tax rates, it might be time to reflect on where to spend the rest of your days.

Economics

46 h. ago Where YOU can retire to a place in the sun and slash your tax bill by thousands

With UK inflation remaining stubbornly high and fiscal drag biting into your pension thanks to frozen income tax rates, it might be time to reflect on where to spend the rest of your days.

Economics

47 h. ago Dining across the divide: ‘I said, I’m slightly to the right of Genghis Khan. She said she was to the left of Karl Marx’

They had different views on asylum seekers and income tax, but could they agree about what makes a bad landlord?Barry, 72, Milton KeynesOccupation Property manager Continue reading...

Politics

3 d. ago Reeves expected to freeze income tax thresholds to raise funds after welfare U

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budgetRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growing budget hole.The chancellor was already facing pressure to backtrack on pledges not to increase taxes further as she attempted to fix public services and grow the economy while meeting her fiscal rules. Continue reading...

Economics

3 d. ago Reeves expected to freeze income tax thresholds to raise fresh funds

Government’s U-turn on welfare cuts leaves chancellor with a growing hole in her budgetBusiness live – latest updatesRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growing budget hole.The chancellor was already facing pressure to backtrack on pledges not to increase taxes further as she attempted to fix public services and grow the economy while meeting her fiscal rules. Continue reading...

Economics

3 d. ago Hundreds of thousands of pensioners face 'new' tax this year

The Chancellor is under fire as hundreds of thousands more pensioners are dragged into the income tax net, thanks to the triple lock and the personal allowance freeze

Economics

4 d. ago HMRC to write to 1 million people who are in for a stealthy tax ambush this year

The number of Brits who will be hit by the higher rate of income tax - which is currently 40% - is set to rise with the number of pensioners above state pension age

Economics

4 d. ago More than seven million people estimated to be higher rate taxpayers in 2025

Some 39.1 million people are projected to be liable for income tax in 2025-26, according to HM Revenue and Customs figures.

Economics

6 d. ago Over one million pensioners set to pay higher rate of income tax this year

The Personal Allowance will be frozen at £12,570 until April 2028.

Economics

7 d. ago New call to cut income tax rate in half for people earning under £50,000

An online petition is also urging the UK Government to increase the Personal Allowance to £15,000.

Economics

8 d. ago Reform unveils plan to top up poorest workers from £250,000 fee on rich UK newcomers

Nigel Farage will outline Britannia Card policy that could give the low paid £600 to £1,000 extra a yearReform UK are to offer wealthy foreigners and returning British expats a bespoke tax regime in exchange for a one-off payment of £250,000 with all funds collected redistributed to Britain’s lowest-paid workers, the party claims,.The proposal, dubbed the Britannia Card, is due to be unveiled by party leader Nigel Farage later this week. It promises a 10-year residence permit and a return to the controversial “remittance basis” of taxation, allowing cardholders to shield overseas income from UK tax and avoid inheritance tax entirely. Continue reading...

Economics

2 w. ago HMRC income tax change that will affect 'hundreds of thousands of people'

Finance experts are warning anyone who is currently registered for Self Assessment - whether they owe tax or not - to make sure they have submitted their tax return

Politics

2 w. ago I don't currently work and draw a monthly income through my savings

I have been unemployed and am drawing an income from a substantial pot of savings since the summer of 2024. I definitely breached my £500 personal savings allowance for 2024/25.

Economics

2 w. ago Author Dame Pat Barker thought honours letter was income tax bill

Dame Pat, 82, was first honoured with a CBE in 2000 for her services to literature, and on Friday received her damehood.

Economics

2 w. ago Mauritius 'will use cash from Labour's Chagos Islands deal to scrap income tax for 81% of its population and help pay off its national debt'

The Prime Minister last month signed an agreement to cede sovereignty of the stretegically-important Indian Ocean archipelago to Mauritius.

Economics

2 w. ago Minimum income requirement for family visas in UK should be lowered, review suggests

Campaigners call for ‘tax on love’ family visa income requirements to be scrapped

Politics

2 w. ago NHL's state income tax debate heats up with the Florida Panthers back in the Stanley Cup Final

The Florida Panthers are two wins away from being the fifth Stanley Cup champion in the past six years to based in a U.S. state with no income tax

Politics

3 w. ago New call for Council Tax discount for all people over State Pension age

An online petition is calling for State Pension incomes to be taken into account when calculating Council Tax bills.

Economics