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HMRC sending new tax codes to people who have built up savings

A fresh tax year has commenced, and with it, HMRC is set to revise the tax codes of countless individuals. The new fiscal period began on April 6, and annually, as the financial year reboots, HMRC ...
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New Tax Code Changes from HMRC Could Hit Savers—What’s the Real Impact?

The new tax year began on 6 April, but it’s not too late for tax codes to be updated. HMRC issues these changes to reflect any changes in savings or income, ensuring individuals pay the correct amount ...
MoneyWeek

HMRC slaps pensioners with record high surprise tax bills - do you owe the taxman money?

Thousands of pensioners have been issued with bills by HMRC as frozen income thresholds and higher pension payments push them into owing tax. Rather than being expected to file tax returns, a Freedom ...
MoneyWeek

HMRC savings tax crackdown: More workers to pay tax directly from their wages

Savers are facing a tax crackdown as banks and building societies will be forced to share more of customers’ financial details to HMRC under new rules. From April 2027, savings providers will be ...