4 h. ago Plan to spare pensioners £58 income tax 'risks being unfair and unworkable', says Steve Webb

The Government is going to explore ways to avoid pensioners having to pay a small amount of tax should the state pension start exceeding the personal allowance.

Economics

12 h. ago From council tax discounts to energy bills and pension hacks – eight reprieves from Reeves’ £26bn Budget battering

CHANCELLOR Rachel Reeves may have hit us with £26billion of tax rises, but you can fight back by shielding your cash.  As a result of her Budget this week, average households face being £850 worse off in 2029-30 compared to this year, the Joseph Rowntree Foundation warns.  Lucy Andrews, Deputy Consumer Editor, presents her eight-step...

Economics

24 h. ago Martin Lewis issues State Pension £12,570 tax update after crunch Rachel Reeves talks

The money-saving expert met with the Chancellor to clarify the issue

Economics

25 h. ago Reeves vows state pensioners won’t have to pay tax despite alarm over Budget changes

The chancellor said the Treasury would not go after ‘tiny amounts of money’ from state pensioners, pledging that they would not pay any tax in this parliament

Economics

26 h. ago Labour will not tax state pension for those with no other earnings

Move reduces impact on older voters of this week’s decision to freeze thresholds

Economics

27 h. ago Million of pensioners given state pension tax update after Rachel Reeves' Budget

The Chancellor confirmed the state pension will rise by 4.8% from next April - so the full new state pension will increase from £230.25 a week to £241.30 a week (£12,547.60 a year)

Economics

43 h. ago Rachel Reeves to rush pensions tax raid into law to reassure markets

Legislation on salary sacrifice schemes expected to be introduced in weeks, even though it will not take effect until 2029

Economics

43 h. ago Reeves to rush pensions tax raid into law to reassure markets

Legislation on salary sacrifice schemes expected to be introduced in weeks, even though it will not take effect until 2029

Economics

45 h. ago Budget 2025 live: IFS warn Rachel Reeves she is ‘disincentivising growth’ after Starmer defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Events

45 h. ago Budget 2025 calendar with all important dates for when each big change kicks in

From changes to the state pension, to when the tax thresholds will finally be unfrozen, here is everything you need to know

Politics

47 h. ago Budget 2025 live: Starmer says ‘everyone must contribute’ as he defends Rachel Reeves’ tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Economics

47 h. ago State Pension rise leaves retirees just £22 from tax threshold

The Chancellor has confirmed a 4.8% rise in the State Pension with experts warning those on the full rate will breach the tax threshold soon

Economics

48 h. ago Fears of job losses and lower wages after Reeves' £4.7bn Budget tax raid on pensions

The Chancellor said salary sacrifice contributions, where workers forego wages in return for the money being paid directly into their retirement fund, will be capped at a fraction of their current rate.

Economics

49 h. ago Budget 2025 live: IFS accuses Rachel Reeves of breaking tax manifesto promise in damning Budget verdict

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Economics

51 h. ago Join Budget Q&A with our money expert – tackling pension and ISA options, income tax, salary sacrifice and more

Now the Budget has been revealed, how will Rachel Reeves’ announcements affect your money? Personal finance expert Gabriel Nussbaum (aka That Money Guy) is here to answer your questions...

Economics

51 h. ago Budget 2025 live: OBR chief warns Rachel Reeves none of her measures boost growth as chancellor defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Events

53 h. ago Budget 2025 use our gadget to work out how Rachel Reeves' plan hits your pocket

Analysis after the announcement shows income tax, benefits, pensions impact on normal families in UK

Economics

61 h. ago Stealth tax raid will see a MILLION more pensioners dragged into paying income tax

A million more pensioners will be dragged into paying income tax after Rachel Reeves confirmed she would extend the freeze on thresholds for another three years.

Economics

63 h. ago 'Chilling effect' of Budget briefings cost London jobs, say bosses as Reeves defends her tax and spend plans

They also warned the Chancellor’s measures would have ‘little to no impact on growth in the round’

Economics

64 h. ago Reeves has swung a huge sledgehammer that'll wipe £37,000 off your pension

The Chancellor has launched a stealth attack on 'salary sacrifice' company pensions, with a new £2,000 cap on the pension contributions that can be made with tax breaks.

Economics