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
Thousands of Private Sector Workers Earning Over £40,000 Face £20,101 Pension Loss Friday, November 14, 2025 pensions salarysacrifice private sector rachelreeves retirement savings taxation employers complexity pensionloss Proposals to limit the amount employees can divert to pensions via salary sacrifice schemes could see thousands of private sector workers losing tens of thousands of pounds in retirement savings. Under current rules, workers … Read More
Diesel Drivers Face Up to 15p Per Mile Charges Under Rachel Reeves’ New Plan Thursday, November 13, 2025 diesel petrol electricvehicles paypermile rachelreeves nimblefins taxation enginesize fuelcosts transportpolicy sport Diesel drivers are set to face pay-per-mile charges averaging 15p, as part of Labour’s new transport taxation plan spearheaded by Rachel Reeves. This comes alongside a proposed 3p per mile charge for electric vehicle (EV) … Read More
State Pension for Pre-1953 Born Women to Increase Nearly 5%, Resulting in £184 Weekly Payment Wednesday, November 12, 2025 pension dwp triplelock inflation statepension retirement taxation earnings hargreaveslansdown pensioners Older state pensioners, specifically women born before 1953, are set to receive a significant boost in their Basic State Pension payments thanks to the Department for Work and Pensions (DWP) Triple Lock policy. This increase … Read More
DWP to Raise New State Pension by 4.8% Under Labour's Triple Lock Commitment Tuesday, November 11, 2025 pension statepension dwp triplelock labour retirement income taxation inflation finance The Department for Work and Pensions (DWP) is poised to increase payments for new state pensioners by 4.8%, adhering to the Triple Lock guarantee under the Labour government. This rise means those receiving the full new state … Read More