News

Income tax and allowances: For the 2025/26 tax year, which runs until 5 April 2026, the personal tax-free allowance will stay at £12,570. This allowance begins to reduce for those…

The current State Pension is £11,502 and is due to rise to around £12,000 a year for 2025/26. Given that it would cost over £300,000 to secure an index-linked annuity…

HMRC have recently increased their use of ‘one to many’ or ‘nudge’ letters to taxpayers, suggesting there may be errors or omissions in tax returns or accounts information. While HMRC…

We have become aware of scam letters and emails falsely claiming to be from HMRC being sent to taxpayers. These letters request important personal information that fraudsters could use to…

Under current pension rules, many pension funds allow members to withdraw up to 25% of their pension savings tax-free. However, the Finance Act 2023 capped this tax-free amount at £268,275,…

As speculation builds around potential changes to Capital Gains Tax (CGT), many are questioning whether the tax landscape might revert to past policies, including the possibility of taper relief. There…

Originally, from the 2025/26 tax year, employers would have to provide more detailed information about employee hours worked through real-time PAYE reporting. However, it has now been announced that this…

Here are the HMRC advisory fuel rates effective from 1 September 2024. These are the suggested reimbursement rates for employees' private mileage using their company car (the previous rate is…