One Million More State Pensioners Face Tax Bills After Rachel Reeves’ Threshold Freeze Wednesday, March 4, 2026 pensioners tax statepension income hmrc budget economy rachelreeves obr inflation A growing number of retirees are expected to pay income tax on their Department for Work and Pensions (DWP) state pension, following Labour Party Chancellor Rachel Reeves’ decision to freeze the income tax threshold. The … Read More
New fuel rate changes affect all UK petrol stations – drivers alerted Monday, March 2, 2026 hmrc afr fuel petrol diesel lpg companycar mileage vehicles reimbursement A new fuel charge update has taken effect at petrol stations across the UK, impacting drivers of petrol, diesel, electric, and LPG vehicles. HM Revenue & Customs (HMRC) has introduced its first Advisory Fuel Rate (AFR) … 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
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