State Pension Set to Reach £250.70 Millions of UK pensioners are set for a higher State Pension from April 2027, with the full new State Pension increasing to £250.70 a week. The Government has confirmed a 3.9% increase for 2027/28, based on average earnings growth. The current full new State Pension is £241.30 a week, … Read more
UK savers could potentially benefit from tax allowances worth up to £18,570 when their Personal Allowance and savings starting-rate allowance are considered together. However, this does not mean everyone can earn £18,570 completely tax-free. The standard Personal Allowance is currently £12,570, meaning most people can earn this amount before paying Income Tax, subject to the … Read more
PIP Support Could Be Worth More People with disabilities or long-term health conditions could be entitled to significant financial support through Personal Independence Payment (PIP). For 2026/27, the PIP daily living component is worth £76.70 a week at the standard rate or £114.60 at the enhanced rate. The mobility component is £30.30 at the standard … Read more
People claiming or considering PIP, Attendance Allowance or Carer’s Allowance are being urged to check the latest rules as changes to disability benefits take effect. The most important change concerns Personal Independence Payment (PIP). From November 2026, new PIP claimants must score at least 4 points in one daily living activity to qualify for the … Read more
State Pensioners who receive the full new State Pension could receive up to £965.20 in a four-week payment this November. The amount comes from the current 2026/27 full new State Pension rate of £241.30 a week. Because the State Pension is normally paid every four weeks, this works out at £965.20 per payment period. However, … Read more
Under-75 Pension Tax Relief People aged under 75 could be missing out on valuable pension tax relief if they are not making the most of the rules around pension contributions. HMRC confirms that UK residents under 75 can normally receive tax relief on pension contributions, subject to limits. Relief is generally available on contributions up … Read more
HMRC £200 Penalty Warning HMRC has confirmed changes to the way penalties will work for some self-employed workers and landlords using Making Tax Digital (MTD) for Income Tax. From 6 April 2027, taxpayers within the MTD system who repeatedly miss their quarterly submission deadlines could face a £200 financial penalty after reaching the required number … Read more
UK families are set to receive a higher Child Benefit payment from April 2027 after HMRC confirmed the new rates for the next tax year. From 12 April 2027, the weekly Child Benefit rate for the eldest or only child will increase from £27.05 to £28. The rate for additional children will also rise, from … Read more
Millions of UK motorists could see their vehicle tax bills change from 1 April 2027, after the Government confirmed a new uprating of Vehicle Excise Duty (VED). The Government has announced that VED rates for cars, vans and motorcycles will increase in line with the Retail Prices Index (RPI) for the 2027/28 tax year. This … Read more
Millions of UK pensioners are set to receive more from the State Pension from April 2027 after the Government confirmed a 3.9% increase under the Triple Lock. The full new State Pension is currently £241.30 a week. From April 2027, the full rate will rise to around £250.70 a week, an increase of approximately £9.40 … Read more