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 ...

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.

Money expert Martin Lewis says cutting Cash ISA limits is a 'mistake' and it 'won't achieve' what it sets out to ...

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.

Sole traders and landlords with an income over £50,000 will be required to keep digital records for their Income Tax from ...

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

For the 2024/25 tax year, the current personal allowance is £12,570 for employees across the UK and including Scotland. That means the first £12,570 that an individual earns in a set financial year ...

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 ...