3 d. ago Update in personal income tax allowance 'raise to £15,600' call

The personal tax allowance stands at £12,570 but high inflation and the impact on supermarket bills are leading to calls for change

Economics

6 d. ago HMRC targets millions of pensioners as major perk is set to be lost

The state pension is set to overtake the personal allowance limit, the point at which someone starts paying income tax, in 2027 - making all pensioners eligible for income tax

Economics

1 week ago Martin Lewis gives anyone with a state pension personal tax allowance update

Personal finance expert Martin Lewis has issued an update about the state pension amid concerns that it could be taxed next year due to the 'fiscal drag' of the personal tax allowance

Economics

2 w. ago What '1257L' means on your payslip and how to know if HMRC owes you a refund

HMRC works out each person's code based on their 'tax-free Personal Allowance and income you have not paid tax on'

Economics

3 w. ago Update in personal income tax allowance 'raise to £20,000' call

The personal tax allowance has been frozen at 12,570 since 2021 - a situation that has been described as 'ridiculous'

Economics

3 w. ago New calls for £20,000 Personal Allowance to stop people paying ‘ridiculous amounts of tax’

An online petition argues that increasing the Personal Allowance would lead to a ‘massive increase’ in people willing to look for work.

Economics