WINTER FUEL PENSIONERS NOW FACE TAX RAID
Daily Express|October 10, 2024
PENSIONERS losing winter fuel payments are among an extra 120,000 people being hit with tax demands for the first time.
Sam Lister
WINTER FUEL PENSIONERS NOW FACE TAX RAID

A freeze in the amount of income allowed before the taxman claws in cash means more retirees will have to pay up after increases in the state pension.

Former pensions minister Sir Steve Webb said: "The long-term freeze in the value of the tax-free personal allowance is dragging more and more people into the income tax net - including many pensioners." Research by Sir Steve, a partner at consultancy LCP, found the average tax demand was for £665.

He said the figures showed it was time for the Government to change the personal tax threshold.

And Caroline Abrahams, charity director at Age UK, added: "The last thing we want is for older people who are already struggling to manage financially to have to start paying income tax. It is high time the Government started increasing personal allowances again." It comes as Prime Minister Keir Starmer refused yesterday to rule out adding more tax misery in the Budget on October 30.

Sir Steve said: "Where the tax due can be collected via a tax code on a wage or a private pension payment then the taxpayer does not need to take any further action.

"But if someone is over the tax threshold purely on the basis of state pension and investment income, they may well find they receive an unwelcome demand at the end of the tax year.

"More and more people every year are finding themselves faced with such demands and will need to budget in anticipation.

Bu hikaye Daily Express dergisinin October 10, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Daily Express dergisinin October 10, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

DAILY EXPRESS DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
BAXTER BASICS
Daily Express

BAXTER BASICS

Fin has a simple plan to end jinx

time-read
2 dak  |
November 22, 2024
LEWIS MAKES QUICK U-TURN
Daily Express

LEWIS MAKES QUICK U-TURN

Hamilton admits he wanted to leave Mercedes early

time-read
2 dak  |
November 22, 2024
War hero Ray dies at age 105
Daily Express

War hero Ray dies at age 105

RAYMOND Whitwell an ordinary man who did the extraordinary for Britain during the Second World War - has died aged 105.

time-read
1 min  |
November 22, 2024
Adventurer's discovery in remote ocean shocks marine science experts
Daily Express

Adventurer's discovery in remote ocean shocks marine science experts

THERE'S no escaping microplastic pollution in our oceans...traces have now reached the most remote water on Earth.

time-read
2 dak  |
November 22, 2024
Woman battles ex in row over £18m property
Daily Express

Woman battles ex in row over £18m property

A WOMAN is locked in a court fight with her tycoon ex after claiming she was promised half of their £18million house.

time-read
1 min  |
November 22, 2024
UK choir is world's favourite boyband
Daily Express

UK choir is world's favourite boyband

THEY can lay claim to being the world's biggest boyband with millions of fans globally - yet many of us haven't heard of South London sensations Libera.

time-read
1 min  |
November 22, 2024
Helping terminally ill patients to end their suffering is one of the most rewarding things that I've ever done
Daily Express

Helping terminally ill patients to end their suffering is one of the most rewarding things that I've ever done

HAVING the option of an assisted death \"takes the fear out of the dying process\" for terminally ill patients, a US medic says.

time-read
2 dak  |
November 22, 2024
Storm Bert sweeps in as snow shuts schools
Daily Express

Storm Bert sweeps in as snow shuts schools

HUNDREDS of schools closed yesterday as snow hit parts of the UK - and there is weekend chaos to come when Storm Bert barrels in.

time-read
1 min  |
November 22, 2024
£72m cost of Charles' cut-price Coronation
Daily Express

£72m cost of Charles' cut-price Coronation

TAXPAYERS spent £72million on the King's Coronation last May less than half that of the funeral of Queen Elizabeth, according to Government figures.

time-read
1 min  |
November 22, 2024
British lawyer, 28, dies with four others after free shots' poisoning
Daily Express

British lawyer, 28, dies with four others after free shots' poisoning

A BRITISH lawyer has died on holiday in Laos after apparently being poisoned by a drink contaminated with methanol.

time-read
2 dak  |
November 22, 2024