High earners risk losing over £255,000 in unclaimed pension tax relief – Rathbones
The report found that workers earning between £100,000 and £125,140 lose an extra 40% tax relief if they do not reclaim through their self-assessment tax return.
Millions of higher-rate taxpayers risk missing pension tax relief, says Penfold
Chris Eastwood, CEO at Penfold, said: “If you don’t claim the extra relief you’re entitled to, you simply pay more tax than you need to.”
More than half of self-assessment taxpayers still see filing as a nuisance, Royal London finds
New research from Royal London shows confusion and budgeting gaps persist 30 years after self-assessment was introduced, with many taxpayers facing higher-than-expected bills.
Workers urged to protect Christmas bonuses from tax through pension sacrifice
Penfold warned that bonuses are taxed in the same way as salary, meaning a significant portion can be lost before it reaches employees’ bank accounts.
Autumn Budget 2025: OBR report reveals three-year extension to tax threshold freeze
The Office for Budget Responsibility has confirmed that personal tax and NICs thresholds will remain frozen for an additional three years from 2028.
Autumn Budget 2025: Employment Hero warns tax hikes could push firms to cut jobs
The call comes as new survey data revealed widespread concern among small business leaders.
Income tax U-turn puts pressure on alternative tax measures ahead of Budget – Rathbones
Reports that the Chancellor will drop plans for an income tax rise have raised fresh questions about where the Government will find fiscal headroom in the upcoming Autumn Budget.
Pensions Commission could end cycle of Budget tax speculation, says Pensions UK
In its Budget submission, the group warned that making changes just to fix short-term problems could damage trust in pensions.
Three-fifths of salary sacrifice participants motivated by tax breaks, survey shows
The survey, conducted by Venson Automotive Solutions, showed that 40% are motivated by wanting to switch to an EV.
UK tax gap increases by 21% in past 10 years, finds RIFT
As part of the Spring Statement, the Government announced plans to reduce the UK’s tax gap in order to raise around £7.5bn in national revenue.
SMEs call for tax cuts to revive stagnant economy
Research from Shawbrook showed that over a third of SME leaders believed tax breaks for reinvestment (36%) would provide a boost to their businesses.
Charities warn NICs hike will force essential services for older people to close
Age UK has warned that increased employer NICs will cost local Age UK charities £6.27m annually, forcing staff cuts and service closures for vulnerable older people.
