UK households with £11,600 in the bank issued with urgent warning
If you're concerned about how much money you should have in your savings account to avoid tax, there are a few things you ...
People over State Pension age urged to check for £1,807 annual income boost
The highest amount of extra income uncovered was £145.37 a week due to a couple in their mid-70s living in Suffolk. Although ...
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Double Taxation Explained: HMRC Tips to Save You Money Before January 31
As the self-assessment deadline looms, HMRC has issued an urgent call for taxpayers with foreign income to act now to avoid ...
DWP urges 1950s-born women to check if they can get £4,200 a year
New Pensions Minister Torsten Bell is encouraging all low-income pensioners and women born in the 1950s, also known as WASPI ...
HMRC bill can be avoided with £25,000 tax-free account - but check rules first
People building up their savings have been urged to read up on an important tax-free limit to avoid a bill from HMRC. You can ...
HMRC warning to UK households losing 'complete' tax-free allowance
The Office for Budget Responsibility has published figures estimating freezes to the income tax personal allowance and higher ...
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Vodafone Idea Shares Dip Despite Tax Refund Win
Vodafone had requested a return of prepaid taxes, including advance tax and tax deducted at source, plus interest totalling ...
HMRC warning over letters landing on doormats containing 'wrong information'
A taxpayer wrote into the Telegraph newspaper to explain their predicament after being issued a nudge letter by the Labour ...
UK Government urged to increase personal tax allowance to £15,000 for pensioners
Liberal Democrat MP Ben Maguire has urged Chancellor Rachel Reeves to make an assessment of the potential merits of ...
Will Budget 2025 replace Income Tax Act with new Direct Tax code? Here’s what experts say
The finance minister is all set to present Budget 2025 on February 1, 2025. There are speculations that the government will ...
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Types of Income the IRS Doesn't Tax
A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...