Around 400,000 UK individuals could save an average of £380 a year under a new tax change announced in the 2026 Budget. The change will increase the Trading Allowance from £1,000 to £3,000 from 6 April 2027. The allowance covers certain trading and miscellaneous income, including small-scale goods or services. However, the £380 figure is … Read more
HMRC has reminded savers that some people can earn up to £5,000 in savings interest without paying Income Tax, but the allowance is not available to everyone. The £5,000 figure relates to the starting rate for savings. It applies where a person’s other taxable income is below £17,570. As other income rises, the amount of … Read more
Millions of UK pensioners are watching the State Pension closely after the Government confirmed how the Triple Lock will operate over the coming years. The full new State Pension is currently £241.30 a week, which works out at around £12,547.60 a year before tax. From April 2027, it will rise by 3.9%, taking the full … Read more