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Why taking money from your pension could hit you with extra tax

The amount you can save into a pension once you’ve started taking money from is being slashed to just £4,000 a year, in a move that could cost savers £3,600 in lost tax relief. Normally...

Inheritance tax hits record high

Inheritance tax bills top £5 billion for first time

Inheritance tax (IHT) bills have soared to their highest-ever level, with HMRC collecting £5.1bn in the past 12 months, according to its latest receipts. This is the first time that...

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tax changes suspended

Major dividend tax and pension cuts suspended… for now

The government has suspended major changes to dividend tax and pensions ahead of the snap general election. The changes were supposed to be implemented in the 2017 Finance Bill, but...

probate fee hike cancelled

Probate fees hike put on hold

Plans to overhaul probate fees have been put on ice ahead of the snap general election. The government had planned to switch the flat-rate £215 probate application fee to a sliding...

New tax year

New tax year: will you be better or worse off?

April 6 is one of the most important dates on the financial calendar – the start of the new tax year, which signals both the launch of a raft of...

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Dodge the dividend tax hike

Three ways to beat the dividend tax hike

The amount you can earn from dividends before you start paying tax will be cut from £5,000 to £2,000 in April 2018, but there are steps you can take to protect...

Probate costs will rise to over £1,000 for thousands

Probate fees set to rocket for larger estates

The cost of administering a deceased person’s estate in England and Wales could soar to up to £20,000 in May, the Ministry of Justice (MoJ) has confirmed.   Subject to parliamentary...

Retired couple

10 essential tips to boost your retirement income

Retired families now have higher incomes than those in work on average, according to new figures. A report published by the Resolution Foundation earlier this week found that pensioner households...

Don’t get caught by the tax scammers

Which? Money reveals the common tricks scammers use when posing as the taxman - and how to spot them.

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Who’s the worst at hitting the tax return deadline?

Teenagers are the most likely age group to meet the tax return deadline, with one in 12 filing after 31 January last year.

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