The number of pensioners paying tax is set to soar due to rising incomes, a retirement expert has warned. New State Pension ...

The latest HM Revenue and Customs (HMRC) data indicates that 8.7m pensioners are projected to pay income tax on their retirement income in 2025/26. It marks an increase of around 420,000 compared to ...

"HMRC will send a tax calculation letter and tell you if you have a tax overpayment or underpayment. Your bank or building society will tell HMRC how much interest you received at the end of the year.

“If you’re employed or get a pension, HMRC will change your tax code so you pay the tax automatically. To decide your tax ...

Low earners have been slapped with hefty HMRC fines, even though they don't owe any tax, under a crackdown from the taxman.

The daunting task of working out and paying inheritance tax must be done in the immediate and intense period of grief after a ...

Ahead of test cases in February 2026, Boox and Churchill Knight contractors have been selected for a pilot HMRC is already having to quietly apologise about.

In particular, you can withdraw up to 5pc of the original investment each year on a cumulative basis without tax applying ...

Families make 18,000 reclaims for overpaid inheritance tax in three years, often due to a decline in property prices. We ...

HMRC probably worried that if there were no penalties for late filing or errors, then they'd have about 15 million taxpayers wanting to join the trial...but that is resolved by limiting entry to the ...

The latest figures from the Department for Work and Pensions (DWP) show there are now 13 million people of State Pension age across the country. The current official age of retirement is 66 and set to ...

Over seven million households across the UK can expect to receive a letter from HMRC, as frozen tax thresholds are set to impact individuals nationwide. According to official figures, the number ...