Category : Search result: ISA savings tax


Lifetime ISA penalties cost Brits over £100m

Exclusive: Brits paid £102m in Lifetime ISA penalties last year as the £450k property cap traps first-time buyers. Chancellor Rachel Reeves urged to reform scheme before autumn Budget.

HMRC fines 130,000 over Lifetime ISA rules

New data reveals over 129,000 savers hit with average penalties exceeding £13,500 for breaching Lifetime ISA cash withdrawal rules. Discover how to avoid the hefty charges.

Act Now to Avoid November Budget Losses

With the Autumn Budget on 26 November, experts warn pensioners and ISA savers to take protective financial steps now. Learn how to shield your savings from potential tax changes.

Savers face £200 HMRC bill despite tax freeze

UK savers could pay £200 more tax even if income tax rates stay frozen. Experts warn of frozen thresholds and potential ISA changes in the Autumn Budget. Review your finances now.

New HMRC Tax Rules for Self-Employed in 2026

Self-employed workers and landlords earning over £50,000 must prepare for HMRC's Making Tax Digital for Income Tax, requiring quarterly digital updates from April 2026. Learn how to adapt.

Investing vs Saving: Isa Wealth Gap Revealed

HMRC data reveals a stark divide: top stocks and shares Isa pots average £10.98m, dwarfing cash Isas. Discover the power of long-term investing for wealth building.

Protect Your Pension After Tax U-turn

A personal finance expert explains urgent steps to protect your pension and savings following the Chancellor's tax-free cash U-turn. Learn how to mitigate the financial damage.

2024 Income Tax Shock: How Much More You Pay

Millions of UK workers face higher income tax bills from April 2024 as frozen thresholds drag more earners into higher brackets. Our comprehensive guide reveals exactly how much extra you'll pay.

Reeves plans 'death tax' hikes and stealth Budget levies

Chancellor Rachel Reeves is preparing a blizzard of tax increases targeting wealthy estates and middle earners, with inheritance tax reforms and capital gains adjustments on the table. Meanwhile, horse racing escapes gambling reforms in what critics call

Reeves Declares War on Tax Dodgers with New Charge

Shadow Chancellor Rachel Reeves unveils bold plan to target non-doms and private equity with new tax measures to fund public services, as Labour positions itself as party of fiscal responsibility.

HMRC cracks down on side hustle tax evasion

BBC money expert reveals HMRC's new powers to track your side income from online platforms. Discover what you need to declare and how to avoid penalties in our essential guide.

2024 Income Tax Changes: What You'll Really Pay

Millions of UK workers face significant income tax changes from April 2024. Our comprehensive guide breaks down exactly how the new tax rates and thresholds will impact your take-home pay.

Scots Face £6,500 Council Tax Hike in SNP Overhaul

Homeowners across Scotland brace for financial blow as SNP government plans radical council tax overhaul that could see bills increase by up to £6,500 annually under controversial new property valuation system.

Why Labour must tax wealth, not just income

As Labour prepares for government, experts argue that taxing wealth through mansion levies and council tax reforms could be the key to solving Britain's fiscal crisis without punishing ordinary workers.

ATO enlists debt collectors for tax recovery

The Australian Taxation Office has escalated its debt recovery efforts by hiring private debt collectors to pursue billions in outstanding taxes. Learn how this affects taxpayers and what you need to know.

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