HMRC Pension Rule Changes Could Raise Inheritance Tax Bills by £34,000 Monday, May 25, 2026 inheritance pensions taxation estate hmrc planning benefits legislation finance executors Major changes to inheritance tax (IHT) rules coming into effect in April 2027 could push family IHT bills up by an average of £34,000. Under the new legislation, most unused pension funds and certain pension death benefits … Read More
Millions of State Pensioners Unfairly Excluded from HMRC Tax Exemption Monday, May 25, 2026 pensions taxation hmrc statepension exemption retirement income policy inequality government Analysis reveals that millions of pensioners could miss out on a government-announced tax exemption meant to protect retirees from new HMRC tax bills. Despite promises to ease the burden, fewer than one million pensioners are … Read More
HMRC Issues Thousands in Incorrect Tax Bills on Savings, Including Tax-Free ISAs Thursday, May 21, 2026 hmrc tax isas savings errors finance taxation paye oversight taxbills Many savers are being hit with unjust tax bills running into thousands of pounds due to errors by HM Revenue & Customs (HMRC). Recent reports reveal that HMRC is mistakenly clawing back tax on savings interest that either … Read More
Rachel Reeves Approves 3p Per-Mile Tax for Electric Cars Sparking Concerns Over Adoption Thursday, May 21, 2026 electricvehicles taxation rachelreeves mileage charge evadoption netzero petrolcars environment leasing The UK government’s plan to introduce a 3p per-mile tax on electric vehicles starting in 2028 has raised alarm among industry experts and environmental advocates. While aimed at closing the tax gap between petrol and electric … Read More
State Pensioners Over 75 Face Tax Bills as HMRC Excludes Them from Personal Allowance Rule Wednesday, May 20, 2026 pension hmrc tax statepension pensioners triplelock rachelreeves taxation ukpolicy finance From 2027 onwards, all pensioners aged over 75 will be excluded from a valuable HMRC personal tax-free allowance perk, exposing many to unexpected tax bills. Chancellor Rachel Reeves has confirmed that individuals relying … Read More
Four New Council Tax Bands Proposed for High-Value Homes in England Wednesday, May 20, 2026 counciltax surcharge housing propertytax england consultation valuation reform government taxation The government has unveiled plans to introduce four new council tax bands aimed at the top 1% of the most valuable residential properties in England. This initiative, announced during Budget 2025, includes a proposed High … Read More