15 h. ago What pension changes is Rachel Reeves considering in the budget?

One possible alteration was thought to be tax-free cash drawdowns, but the chancellor may have turned to salary sacrifice schemesRumours about what Rachel Reeves may, or may not, do to pensions in the budget continue to swirl.One much-debated possible change – cutting the amount of tax-free cash that people can take from their pensions – is said by some to be off the table, but reports have emerged that the chancellor has “salary sacrifice” pension schemes in her sights. Continue reading...

Economics

19 h. ago Germany to let pensioners earn £1,760 a month tax free: Would a similar scheme here tempt Britons to keep working?

The Aktivrente or 'active pension' plan being pushed by Chancellor Friedrich Merz will be open to German workers after they reach the statutory retirement age of 67.

Economics

35 h. ago Raise personal tax allowance for state pensioners from £12,570 update as key threshold looms

Concerns are growing that Chancellor Rachel Reeves could freeze the threshold for longer - meaning those on basic pensions would pay tax

Economics

50 h. ago How 1million will pay tax for the first time if Budget raid goes ahead – min wage and pensioners will be hit hardest

A MILLION extra people will be dragged into paying income tax if Rachel Reeves presses ahead with a punishing stealth rise, a new report reveals. Pensioners and minimum wage earners face being hit by tax thresholds being frozen for a further two years to help balance the books. Income tax thresholds are frozen until 2028, so...

Economics

60 h. ago Pensioners urged to check if they will pay tax in retirement next year

The earnings growth measure looks set to be the multiplier for the Triple Lock for the annual uprating.

Economics

3 d. ago Everything you need to do in the next two weeks to protect your finances ahead of Rachel Reeves’ Budget

WITH the Budget just two weeks away, you might be wondering if there's anything you can do NOW to protect your finances. Every day new rumours are swirling about potential tax hikes, pension changes and cuts to different allowances. And while there is no shortage of speculation, there’s no way to know what measures the...

Economics

3 d. ago Reeves torpedoes Labour's manifesto in huge Budget tax gamble which could put Farage in No10

Commentary: The Chancellor has been so clear that she is going to torch the party’s manifesto tax promise that a U-turn now would stun Westminster

Economics

3 d. ago Six big changes to expect from Reeves’ Budget and how they’ll impact your finances

Income tax, pensions, the cash ISA and more could all be set for notable alterations

Economics

3 d. ago Reeves torpedoes Labour's manifesto in huge tax gamble which could put Farage in No10

Commentary: The Chancellor has been so clear that she is going to torch the party’s manifesto tax promise that a U-turn now would stun Westminster

Politics

4 d. ago The great pension lump sum farce: We reveal shock new move that's enraged pensioners

Pension tax free lump sums are safe after the Treasury ruled out an attack on the perk in the Budget. But it could have come too late for many savers.

Events

5 d. ago New call for £25,140 personal tax allowance for people over State Pension age

An online petition proposes introducing a new tax code for pensioners.

Economics

5 d. ago I'm caught in a tax free pension lump sum backlog: Will I get my £125,000 before the Budget?

I have a Sipp with Hargreaves Lansdown and want to take a tax-free lump sum before the Budget. I started the process on 3 November.

Economics

5 d. ago Reeves to hammer London and South East with 2.8m facing Budget blow from 2p income tax rise

The Chancellor has been hit by a Labour revolt over breaking the party’s manifesto by raising income tax

Economics

6 d. ago State pensioners with small private pensions face HMRC tax by 2027

The full state pension rate is set to overtake the personal allowance, the point at which someone starts paying tax, in 2027, and it will come within just a few pounds of it from next April

Economics

7 d. ago Pensioners could pay £380 a year EXTRA in tax under Rachel Reeves’ Budget plot

MILLIONS of pensioners face paying an extra £380 a year in tax under Rachel Reeves' Budget plans. The Chancellor is expected to increase income tax by 2p in her Autumn Budget, while cutting National Insurance (NI) payments by 2p for earnings under £50,270. This would ease the burden on workers, as the income tax hike...

Economics

7 d. ago Pensioners face £2,500 tax bills under potential Income Tax plans

Chancellor Rachel Reeves is said to be considering raising income tax, in a move that would hit millions of pensioners - and some could face bills of up to 2,500

Economics

7 d. ago DWP benefit worth 110 a week helping people with common conditions

The attendance allowance is a tax-free benefit paid to people over state pension age who need help with everyday tasks due to illness or disability

Politics

8 d. ago Reeves ‘targets tax raid on employee pension contributions at Budget’

Employees contributing more than £2,000 a year into work-based pensions could face additional tax, according to a report by The Times

Economics

8 d. ago Almost 9million pensioners to be hit by Rachel Reeves's income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics

8 d. ago Almost 9million pensioners to be hit by Rachel Reeves' income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics