HMRC Warns Retirees About Claiming Carer's Allowance Alongside State Pension Thursday, November 20, 2025 hmrc carersallowance statepension dwp retirement benefits taxcodes pensioncredit socialcare ukgovernment HM Revenue and Customs (HMRC) has issued an important warning to retirees regarding the simultaneous claiming of the state pension and Carer’s Allowance from the Department for Work and Pensions (DWP). This alert came … Read More
State Pensioners Could Face an Astonishing 87% Tax Bill Under New HMRC Rules Thursday, November 20, 2025 pensions taxation inheritance estateplanning pensionfreedoms hmrc iht residenceallowance retirement wealthmanagement From April 2027, some state pensioners may find themselves hit with an inheritance tax bill as high as 87% on their pension savings. This stark change is due to the Labour government’s intention to close a tax loophole … Read More
HMRC Advises UK Households to Call Between 8am and 9am for High Income Child Benefit Queries Thursday, November 20, 2025 hmrc childbenefit tax hicbc paye selfassessment ukgovernment incometax taxhelp taxcode HM Revenue and Customs (HMRC) has reminded UK households to follow an 8am to 9am calling rule when reaching out to their helpline. This guidance comes in response to enquiries related to the High Income Child Benefit Charge … Read More
HMRC Targets Low Earners with £992 Stealth Tax Increase Amid Personal Allowance Freeze Tuesday, November 18, 2025 hmrc tax personalallowance savings inflation incometax lowincome finance stealthtax pensions HM Revenue & Customs (HMRC) is poised to send letters to UK households demanding an additional £992 in taxes, delivering a harsh blow to low-income families. This unexpected burden stems from a little-known tax change … Read More
HMRC Income Tax Hike Could Cost Workers Up to £250 Annually Sunday, November 16, 2025 income-tax hmrc autumn-budget rachel-reeves taxation salary-sacrifice pensions personal-finance national-insurance uk-economy Labour Party Chancellor Rachel Reeves is considering a rise in income tax in the forthcoming Autumn Budget, a move that could see many workers facing increased tax bills of several hundred pounds. Despite assurances to … Read More
UK Households Advised to Gift Money to Children Before HMRC Pension Tax Changes Sunday, November 16, 2025 inheritance gifts pensions taxation hmrc wealth families financialplanning taxfree estates As the UK government prepares to include pensions in the inheritance tax (IHT) net starting in 2027, families are seeking effective ways to protect their assets. One strategy gaining attention is gifting money to children or … Read More