The changes to personal tax thresholds – tax rates were frozen in 2022 and are set to expire in 2028-29 – are expected to ...

Enacted by the previous Conservative government, the so-called fiscal drag is due to end in April 2028. Forecasts by the ...

As reported by the Daily Record, the total number of income tax payers is expected to reach 39.10 million in 2025-26, an ...

Estimates suggest that a wealth tax could raise billions a year, but may lead to some ultra-rich leaving the UK ...

You’ve mentioned that you receive income from a final salary pension scheme. Although pension income is taxed under income ...

Half a million more people will be dragged into the higher rate tax bracket over the next year, with millions more set to pay ...

The number of people who will have to pay a higher rate of income tax is expected to rise by nearly two-fifths in the current ...

Laura Suter, director of personal finance at AJ Bell, said: “The figures published today show that in just the past year alone, from 2024-25 to the current 2025/26 tax year, a further half a million ...

MILLIONS of workers will be hit with higher tax bills in the coming years as frozen thresholds will force them to hand over ...

Knowing your way around the tax system means you can take advantages of ways to keep more of your income tax-free ...

Pensioners need to grasp how income ... UK. "The basic rate is 20%, charged on income up to £50,270 per year. Income tax is charged at 40% on earnings between £50,271 to £125,140. If you earn more ...

In addition, those paying the additional-rate income tax are expected to reach 1.23 million in 2025-26, a significant leap from around 570,000 in 2022-23 and 520,000 in 2021-22.