£117 Energy Bill Discount Erased as UK Households Face £220 Tax Hit Tuesday, April 28, 2026 tax income energy discount labour liberaldemocrats thresholds wages uk households UK households expecting relief from a £117 energy bill discount are instead facing a financial blow as frozen income tax thresholds force many into higher tax brackets. New analysis by the House of Commons Library reveals … Read More
DWP Urged to Halt Payments for 1.6 Million Mental Health Benefit Claimants Monday, April 27, 2026 dwp welfare mentalhealth benefits universalcredit iainduncansmith dependency workcapability claims tax Former Conservative leader Iain Duncan Smith has sharply criticized the Department for Work and Pensions (DWP) for what he describes as “absurd” welfare payments to those with mental health conditions. He blames lenient … Read More
HMRC Warns Parents Earning Over £60,000 About Child Benefit Repayment Rules Sunday, April 26, 2026 hmrc childbenefit tax highincomecharge parents incomethreshold taxreturn payrise repayment uktax HM Revenue and Customs (HMRC) has issued a crucial warning to parents claiming Child Benefit who have recently received a pay rise. If either the claimant or their partner living in the same household receives Child Benefit … Read More
HMRC Announces Pension Access Age Increase for UK Households Born After 1971 Friday, April 24, 2026 hmrc pensions retirement tax uk agerestriction crystallisation governance legislation planning HMRC has issued updated guidance alerting UK households to an upcoming change in the minimum age at which they can access their pension savings. Beginning April 6, 2028, the normal minimum pension age will rise from 55 to 57. … Read More
HMRC Contacts 21-Year-Olds to Claim Lost Child Trust Funds Worth £2,200 on Average Friday, April 24, 2026 hmrc childtrustfund savings finance ukgovernment banking youth tax campaign investments HM Revenue and Customs (HMRC) has launched a new campaign reaching out to individuals born before 2005 to inform them about unclaimed Child Trust Funds (CTFs) that could be worth an average of £2,200. The initiative … Read More
State Pensioners Born Before 1960 Accelerate Withdrawals Ahead of 2027 Inheritance Tax Changes Thursday, April 23, 2026 pensions statepension inheritancetax withdrawals retirement financialplanning wealthmanagement tax marketvolatility risk State pensioners born before 1960 are increasingly withdrawing funds from their private pensions in anticipation of significant inheritance tax (IHT) changes coming into effect in April 2027. This rush is driven by new … Read More