Martin Lewis warns many are overpaying tax on savings
Money expert Martin Lewis warns a tax rule quirk could see savers, especially pensioners, overpaying. He explains when savings interest is taxable and urges people to check.
Category : Search result: personal allowance freeze
Martin Lewis clarifies 2027 ISA rule changes
Money expert Martin Lewis details the 2027 cash ISA limit cut to £12,000, tax rate rises, and why a popular workaround won't work. Plan your savings now.
Banker's 3-pot method to save thousands
A former JP Morgan and Goldman Sachs banker reveals a simple three-pot money strategy to boost savings and beat tax changes. Learn how to protect your wealth.
State Pension rise brings retirees closer to tax threshold
A 4.8% State Pension rise leaves retirees just £22 from the tax threshold. Experts warn millions face a hidden tax squeeze as frozen allowances bite. Discover the full impact.
Budget's Hidden Savings Tax Rise from April 2027
Chancellor Rachel Reeves' Budget hides a savings tax hike. Your personal savings allowance remains, but the tax rate on interest above it is rising. Protect your money now.
Married couples can claim £1,258 tax break
Eligible married couples can claim up to £1,258 via the Marriage Tax Allowance. Learn how to reduce your tax bill and claim for the past four years.
Budget 2025: Tax and Benefits Changes Explained
Chancellor's autumn budget brings significant changes to taxes and benefits. Discover how the new measures will impact your household finances and take action to understand your position.
Cash ISA Cut: Protect Your Savings from 2027
Chancellor Rachel Reeves confirms Cash ISA allowance will drop from £20,000 to £12,000 for under-65s from 2027. Discover expert tips to shield your savings from tax and maximise your returns.
Martin Lewis's £20,000 Savings Tax Alert
Martin Lewis explains how the new 2% savings tax hike from 2027 will impact savers with £20,000. Learn the thresholds and how to protect your money.
Income Tax Thresholds Frozen Until 2031
Chancellor Rachel Reeves extends income tax threshold freeze to 2030-31, creating fiscal drag that will push millions into higher tax brackets. Calculate your increased tax burden.
Income Tax Threshold Freeze Extended Until 2031
The UK government has extended the freeze on income tax thresholds to 2031. Discover how this fiscal drag will impact taxpayers and your take-home pay.
Cash ISA allowance cut to £12,000 from April 2027
Chancellor Rachel Reeves announces major ISA reforms, capping cash savings at £12,000 to encourage stock market investment. Over-65s exempt from changes. Find out how this affects you.
Reeves extends tax freeze, hitting millions of Britons
Chancellor Rachel Reeves extends tax threshold freeze until 2030-31, dragging 5.2M more into income tax. Discover how this stealth raid impacts your finances and why it breaks manifesto promises.
Cash ISA Limit Cut to £12,000 in Autumn Budget
Chancellor Rachel Reeves confirms cash ISA allowance slashed from £20,000 to £12,000 in major blow for UK savers. Over-65s exempt from new cap. Learn how this affects you.
Reeves announces tax hikes as Budget addresses economic anger
Chancellor Rachel Reeves acknowledges public frustration over economic unfairness while preparing significant tax increases in her Budget. Discover how nearly one million face higher taxes.
DWP to cancel carer debt after scandal
Thousands of unpaid carers hit with huge DWP overpayment debts could have them cancelled or refunded after a damning government review. Read the full story.
DWP to review 300,000 carer benefit cases
The DWP will reassess 300,000 Carer's Allowance cases after a review exposed systemic errors that left unpaid carers in debt. Discover the full story and what it means for claimants.
Carer's Allowance Overpayments Review Announced
185,000 unpaid carers in England and Wales to have historic overpayments reviewed after decade-long DWP scandal. Government accepts review recommendations to address injustice.
Tory Ministers Blamed for Carer's Allowance Crisis
An independent review finds systemic DWP failures led to thousands of unpaid carers facing draconian overpayment penalties, causing immense distress and wasting millions.
State Pensioners: Check Your Eligibility for Extra Benefits
Millions of UK State Pensioners may be missing out on thousands of pounds in extra support. Discover over a dozen discounts and benefits you could claim, from Council Tax help to free TV licences.
Reeves Slashes ISA Allowance to £12,000 in Budget
Chancellor Rachel Reeves cuts tax-free ISA allowance from £20,000 to £12,000, affecting millions of savers. Critics warn it could push up mortgage rates. Read the full analysis.
State Pension to rise £550 next year
The UK state pension is set for a £561 annual increase from April 2026, bringing it close to the frozen income tax threshold. Discover what this means for pensioners.
Reeves' Budget: Tax Freeze, EV Levy & Rail Fare Relief
Chancellor Rachel Reeves delivers her first Budget with a freeze on income tax thresholds, a new electric vehicle tax, and a rail fare freeze. Discover the key measures impacting your finances.
10 Million Pensioners to Pay Income Tax by 2030
New analysis reveals a tax threshold freeze extension could force 10 million UK pensioners to pay income tax by 2030. Discover the impact on your finances and what it means.
DWP warns older people over payment changes
The DWP urges over 1.7 million Attendance Allowance claimants to report key life changes or risk benefit reductions. Learn which changes must be reported immediately.
ISA allowance could be slashed in Autumn Budget
Experts warn savers to review accounts ahead of the Autumn Statement. Use your £20,000 ISA allowance now to shield savings from potential tax changes and cuts.
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.
Reeves Extends Tax Freeze for Two Years in Budget
Chancellor Rachel Reeves abandons income tax rise but will freeze personal tax thresholds until 2030, pulling more into the tax net. Get the full budget details.
Tax threshold freeze to cost middle earners £843
Experts warn extending the income tax threshold freeze could add £843 to bills for middle earners over four years through fiscal drag. Discover the impact of the upcoming Budget.
500,000 miss out on £83.30 weekly Carer's Allowance
Over half a million unpaid carers in the UK are missing out on £83.30 weekly payments and vital National Insurance credits. Discover if you're eligible and how to claim.
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