New 3p per Mile Car Tax for EVs to Increase if Mileage Is Under-Declared Tuesday, December 2, 2025 ev taxation mileage labour cartax electricvehicles government mot underdeclaration instavolt A new 3p per mile car tax for electric vehicles (EVs), introduced by the Labour Party, will impose higher charges on drivers who under-declare their mileage. The government’s pay-per-mile plan requires motorists to estimate … Read More
Martin Lewis Warns UK Savers of Two New Taxes in Autumn Budget Wednesday, November 26, 2025 savings taxation isa martinlewis autumnbudget finance investment interest uktaxes chancellor Martin Lewis has issued an important warning to savers following Chancellor Rachel Reeves' Autumn Budget announcements, which introduce two significant tax changes that will impact UK households with savings. One of the … Read More
HMRC Repays Over £1.5bn to Pensioners Overtaxed on Withdrawals Sunday, November 23, 2025 hmrc pensions taxation retirement overtaxation withdrawals pensionfreedom statepension personalallowance pensionpolicy Since the introduction of the Pension Freedom rules, HMRC has refunded more than £1.5 billion to pensioners who were overtaxed when accessing their own savings. This overtaxation error has affected tens of thousands of … Read More
Pay-per-mile Car Tax Plans Revised After Labour Government Clarification Friday, November 21, 2025 roadpricing electricvehicles paypermile labour car tax government transport budget fuel duty taxation The ongoing debate over pay-per-mile car taxation has seen a significant development following comments by Transport Secretary Heidi Alexander. On Thursday, Alexander emphatically stated that there are no current proposals to … 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
State Pension Triple Lock May Be Replaced to Prioritise Younger Generations, Say Experts Wednesday, November 19, 2025 pensions triplelock youth pensioners publicfinances taxation intergenerational budget socialpolicy government State pensioners could face changes to the long-standing Triple Lock system, with experts urging a shift in focus to support younger generations. The Intergenerational Foundation has outlined three potential reforms to the … Read More