HM Revenue and Customs (HMRC) has issued an urgent reminder to parents and guardians of teens aged 16 to 19: If your child plans to stay in eligible education or unpaid training beyond their 16th birthday, you must renew your Child Benefit claim by 31 August. Failure to do so Read more
State pensioners born after 1951 (men) or 1953 (women) are approaching a critical threshold. With the personal tax-free allowance frozen at £12,570 until at least 2028, their full new State Pension—currently around £11,973 annually—leaves just about £600 of room before they face an HMRC tax bill. The growing discrepancy between Read more
Thousands of families in the UK are on the verge of losing up to £1,345 annually from the HMRC Child Benefit scheme due to an imminent renewal deadline. The cut-off date of August 31 is rapidly approaching, and failure to act could mean a significant loss in government support for Read more
Rachel Reeves, the Labour Party Chancellor, is preparing to introduce sweeping changes to inheritance tax (IHT) rules, which could result in grieving families facing a financial hit of up to £82,000. The changes are aimed at increasing government revenue but are being met with widespread concern over their impact on Read more