HMRC Warns Against Risky Early Access to Private Pensions Saturday, February 28, 2026 hmrc pension taxavoidance retirement finance earlyaccess warnings savings schemes penalties HM Revenue & Customs (HMRC) has issued a strong warning to individuals considering early access to their private pension pots. The tax authority urges caution against schemes that promise tax-free or early pension access, … Read More
HMRC to Cap Pension Salary Sacrifice NI Relief at £2,000, Affecting 3.3 Million Savers Tuesday, February 24, 2026 hmrc nationalinsurance pension salarysacrifice retirement employers contributions labourparty penfold natwest HM Revenue & Customs (HMRC) is introducing a new cap on National Insurance (NI) relief for pension salary sacrifice contributions, set to affect approximately 3.3 million pension savers. Starting in April 2029, the Labour … Read More
HMRC Increases Child Benefit Payments for Parents of Children Born After 2010 Sunday, February 22, 2026 hmrc childbenefit parents pensions nationalinsurance benefits taxyear2027 education claim childcare HM Revenue & Customs (HMRC) is set to increase Child Benefit payments for parents with children born after 2010. For the tax year ending 5 April 2027, the Child Benefit rate will rise to £27.05 per week for the first or … Read More
HMRC Notifies Households Earning Over £50,000 About Upcoming Tax Filing Changes Sunday, February 22, 2026 hmrc tax mtd incometax selfassessment digitalfiling penalties finance taxchanges quarterly HM Revenue and Customs (HMRC) has started sending letters to households with incomes over £50,000 to inform them about significant upcoming changes to tax filing requirements. These changes relate to the introduction of … Read More
HMRC Introduces New £200 Penalties for Late Tax Returns Saturday, February 21, 2026 hmrc penalties tax makingtaxdigital incometax latesubmission selfassessment taxreturns taxfiling taxcompliance HMRC is implementing a new point-based penalty system for late submission and payment of income tax, coinciding with the rollout of Making Tax Digital (MTD) for income tax. Under the updated system, taxpayers who file their … Read More
HMRC Introduces Points-Based Penalty System, Scraps Immediate £200 Fines for UK Taxpayers Friday, February 20, 2026 hmrc tax penalties makingtaxdigital incometax selfassessment pointssystem fines compliance uk HM Revenue and Customs (HMRC) has revamped its penalty system under the Making Tax Digital for Income Tax initiative, moving away from immediate £200 fines for missed deadlines. Instead, the new approach uses a points-based … Read More