Labour Issues Major Announcement on HMRC Tax Bills Affecting State Pensioners Wednesday, March 11, 2026 labour hmrctax statepension springstatement taxation pensioners personalallowance isas propertytax dividendtax The Labour Party has released an important update concerning tax bills for state pensioners as part of its Spring Statement documents. This announcement clarifies the government’s and HMRC’s positions on … Read More
HMRC Increases Personal Tax-Free Allowance by 10% for Married Couples Saturday, February 28, 2026 hmrc tax allowance marriage marriageallowance personalallowance incometax taxrelief couples taxcode HM Revenue & Customs (HMRC) is enhancing the Personal Tax-Free Allowance for taxpayers with the ‘M’ tax code, which signifies the Marriage Allowance. This allowance allows one partner to transfer 10% of their … Read More
DWP Confirms No Tax for New or Basic State Pensioners Next Year Wednesday, January 28, 2026 dwp pension tax statepension personalallowance budget pensionsminister finance selfassessment income The Department for Work and Pensions (DWP) has provided important reassurance for those receiving the New or Basic State Pension. Despite concerns over tax thresholds, pensioners whose income comes solely from these pensions … Read More
Two Million State Pensioners Face Unwelcome HMRC Tax Demands Tuesday, January 6, 2026 hmrc pensioners tax personalallowance statetax freedomofinformation taxdemands stevewebb lcp statepension Recent data obtained through a Freedom of Information (FOI) request by Steve Webb, partner at LCP, reveals a significant increase in the number of people receiving end-of-year tax demands from HM Revenue and Customs (HMRC). … Read More
HMRC Raises Rent a Room Tax-Free Allowance to £7,500 Sunday, January 4, 2026 hmrc rentaroom taxallowance rentalincome taxrelief personalallowance selfassessment mortgage landlord taxreturn HMRC has increased the Rent a Room tax-free personal allowance, allowing some households to earn up to £7,500 annually in rental income without paying tax. This scheme applies when renting out a furnished room or part of your … Read More
HMRC Boosts Personal Tax-Free Allowance to £27,070 Using Three Key Benefits Sunday, January 4, 2026 hmrc taxallowance rentaroom childcare savingsallowance taxrelief personalallowance taxfree income finance HM Revenue & Customs (HMRC) is effectively raising individuals' personal tax-free allowance to an impressive £27,070 by utilising three valuable tax relief opportunities. Financial experts at AJ Bell have outlined how … Read More