Today, a single pensioner needs around £43,900 income per year for a comfortable retirement, according to Pensions UK ’s ...

HMRC offers several lesser-known tax breaks that could entitle households to up to £16,000 tax-free, effectively increasing ...

The group suggested it could be charged as a one-off or annually. It calculated that a tax on all individual wealth above ...

If a person earns more or less than the average, their income tax also changes — as we explore below. Among Europe’s top five economies, Italy had the highest income tax rate at 20.9%. The others ...

Five little-known strategies could add thousands to your tax-free allowances each year even if you don't have an advisor or ...

As it stands, the HMRC personal allowance of £12,570 is the standard amount most workers can earn before paying income tax on employment or pension income.

Hundreds of thousands more pensioners will need to pay tax on their pension income at the end of this tax year, new HMRC data shows. We look at how taxation on the state pension works.

Charlene Young, senior pensions and savings expert at AJ Bell, warns that over one million pensioners are set to pay the higher tax rate of either 40 per cent (£50,271 to £125,140) for those living in ...

Tax bands The personal allowance means most will not pay any tax on the first £12,570; Basic rate income tax at 20 per cent is then paid between £12,571 and £50,270; Higher rate income tax at ...

Personal income tax rates vary significantly across Europe, with Nordic countries paying the highest and Eastern European countries the lowest. Euronews takes a closer look at the key factors that ...