HMRC's ISA tax warning for overpaying savers
HMRC clarifies when it will contact savers about tax on overpaid ISA funds. Learn the steps to take if you exceed the £20,000 annual allowance.
Category : Search result: savings income tax
Martin Lewis warns many are overpaying tax on savings
Money expert Martin Lewis warns a tax rule quirk could see savers, especially pensioners, overpaying. He explains when savings interest is taxable and urges people to check.
HMRC Confirms Dates for Major UK Tax Changes
HMRC has outlined when major tax changes from the Autumn Budget will take effect, impacting savings, pensions, and property income. Discover the key dates and how they affect you.
IRS 2026 Tax Brackets: Key Changes Explained
The IRS has announced new federal income tax brackets and standard deductions for 2026. Experts reveal how these inflation adjustments will impact your tax bill when you file in 2027.
Monzo 1p savings challenge leaves users struggling in December
Savers using Monzo's popular 1p challenge are feeling the pinch as daily deductions exceed £3. Discover why users are complaining and the clever reverse option.
Council Tax to Rise 5%: How to Cut Costs
Millions face a 5% council tax hike next year, adding £114 to typical bills. Discover actionable ways to reduce your payments and challenge your band.
Budget's Hidden Savings Tax Rise from April 2027
Chancellor Rachel Reeves' Budget hides a savings tax hike. Your personal savings allowance remains, but the tax rate on interest above it is rising. Protect your money now.
Tax freeze hits low earners harder than rate rise
Resolution Foundation analysis reveals Rachel Reeves's income tax threshold freeze will disproportionately impact poorer households. Discover how this budget decision affects UK taxpayers.
Tax Threshold Freeze Extended to 2031 - £759 Extra Bill
Chancellor Rachel Reeves extends income tax freeze until 2031, creating £7.6bn stealth tax. Poorest workers face £759 extra annually as fiscal drag hits 1.7 million.
1 Million More Pensioners Hit by Income Tax Freeze
Chancellor Rachel Reeves extends income tax threshold freeze to 2031, dragging over a million pensioners into the tax net. Discover the full impact on retirees and working people.
Scottish families face double tax threat from SNP
Scots could face additional tax hikes as SNP ministers refuse to rule out following Rachel Reeves' threshold freeze. Learn how this affects Scottish households.
Reeves' £26bn Budget: Tax Rises Hit Millions
Chancellor Rachel Reeves unveils 43 tax rises in her second Budget, dragging millions into higher tax bands while scrapping the two-child benefit cap. Discover the full impact.
Cash ISA Cut: Protect Your Savings from 2027
Chancellor Rachel Reeves confirms Cash ISA allowance will drop from £20,000 to £12,000 for under-65s from 2027. Discover expert tips to shield your savings from tax and maximise your returns.
Reeves hikes property, savings and dividend taxes
Chancellor Rachel Reeves announces a 2% tax rise on property, savings and dividend income in her second Budget, targeting fairness. Discover the full details.
Martin Lewis's £20,000 Savings Tax Alert
Martin Lewis explains how the new 2% savings tax hike from 2027 will impact savers with £20,000. Learn the thresholds and how to protect your money.
Income Tax Threshold Freeze Extended Until 2031
The UK government has extended the freeze on income tax thresholds to 2031. Discover how this fiscal drag will impact taxpayers and your take-home pay.
Reeves extends tax freeze, hitting millions of Britons
Chancellor Rachel Reeves extends tax threshold freeze until 2030-31, dragging 5.2M more into income tax. Discover how this stealth raid impacts your finances and why it breaks manifesto promises.
Stealth Tax: Threshold Freeze Extended to 2030
Chancellor Rachel Reeves extends the income tax threshold freeze until 2030, a 'stealth tax' pulling millions into higher brackets. Discover how this affects your finances.
Reeves criticised for 'stealth tax' budget measures
Chancellor Rachel Reeves faces criticism over expected income tax threshold freeze, breaking previous promises not to raise taxes on working people. Analysis reveals impact.
Reeves slashes ISA limit in Budget tax raid
Chancellor Rachel Reeves will cut tax-free ISA allowance from £20,000 to £12,000 in Wednesday's Budget to fill £22bn black hole. Get the latest on mansion tax and sugar levy plans.
1.3m to pay higher tax rate after Reeves Budget
New analysis reveals 1.3 million more Brits will pay 40% income tax as Rachel Reeves freezes thresholds, while pensioners get £550 rise. Read the full Budget impact.
Reeves' Budget: Cost of Living Help and Tax Rises
Chancellor Rachel Reeves promises to tackle the cost of living crisis in her autumn budget, unveiling a multibillion-pound tax package. Discover the key measures and political reactions.
Starmer refuses to rule out income tax threshold freeze
Sir Keir Starmer refuses to comment on freezing income tax thresholds, a move that could raise billions through fiscal drag. Discover how this stealth tax affects you.
Savers face £200 HMRC bill despite tax freeze
UK savers could pay £200 more tax even if income tax rates stay frozen. Experts warn of frozen thresholds and potential ISA changes in the Autumn Budget. Review your finances now.
Reeves Plans New Property Tax After U-turn
Chancellor Rachel Reeves is set to introduce a new levy on high-value homes and extend income tax threshold freezes in the November Budget. Discover the full details and economic impact.
New HMRC Tax Rules for Self-Employed in 2026
Self-employed workers and landlords earning over £50,000 must prepare for HMRC's Making Tax Digital for Income Tax, requiring quarterly digital updates from April 2026. Learn how to adapt.
Reeves Plans £20-30bn Tax Rise in November Budget
Chancellor Rachel Reeves abandons income tax rise but targets £20-30bn through threshold freezes, EV charges & gambling taxes. Full budget breakdown inside.
Tax threshold freeze to cost middle earners £843
Experts warn extending the income tax threshold freeze could add £843 to bills for middle earners over four years through fiscal drag. Discover the impact of the upcoming Budget.
Scottish Government performs dramatic tax U-turn
Deputy First Minister John Swinney abandons key election pledge as Scottish Government announces income tax increases in major policy reversal, breaking SNP manifesto commitment.
2024 Income Tax Shock: How Much More You Pay
Millions of UK workers face higher income tax bills from April 2024 as frozen thresholds drag more earners into higher brackets. Our comprehensive guide reveals exactly how much extra you'll pay.
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