HMRC Personal Tax-Free Allowance Increased by £1,260 Through Marriage Allowance Saturday, March 21, 2026 hmrc personalallowance marriageallowance taxrelief couples incometax taxbreaks marriedcouples civilpartnership taxsavings HMRC offers a valuable tax benefit known as the Marriage Allowance, which can increase a couple’s tax-free Personal Allowance by £1,260. This simple rule allows one partner to transfer part of their unused Personal Allowance … Read More
HMRC’s Tax Threshold Freeze to Push One Million Pensioners Into Paying Income Tax Wednesday, March 11, 2026 hmrc tax pensioners statepension incometax taxfreeze obr pensions personalallowance budget Up to one million more state pensioners are expected to start paying income tax on their state pension, following a freeze on tax thresholds announced in last year’s Budget. The Office for Budget Responsibility (OBR) … Read More
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