Income Tax
The latest news, updates and opinions on Income Tax from the expert team here at MoneyWeek
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What is fiscal drag? How you could protect your money from the taxmanThe ongoing freeze on income tax thresholds is forcing millions into paying more tax as their wages rise with inflation. What is fiscal drag, and how can you protect your money from it?
By Daniel Hilton Last updated
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How ‘vast majority’ of pensioners could miss out on state pension tax concessionOnly one in 18 pensioners will benefit from the government’s planned income tax breaks, research suggests. Are there alternative options that would help more retirees?
By Sam Shaw Published
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How income tax is calculatedThe majority of adults in the UK pay income tax on their earnings. We explain how it works and how it is calculated.
By Daniel Hilton Last updated
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Full list of HMRC tax codes and what they mean – is yours correct?Tax codes convey vital information about how much you will pay HMRC in the current tax year. Here's how to check you've got the correct code.
By Jessica Sheldon Last updated
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How to avoid the fiscal drag “stealth tax” amid ongoing income tax threshold freezeFrozen income tax thresholds are set to cost Brits hundreds or even thousands of pounds over time as more people are dragged into higher tax brackets. We look at how you can mitigate the effect of fiscal drag.
By Daniel Hilton Last updated
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New tax year changes: how much do you have to pay in 2026/27?The new tax year brings with it numerous tax hikes. We look at what is changing and how it will affect you.
By Marc Shoffman Last updated
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Millions face savings tax bills – how to shield your moneyMillions of Brits could face savings tax this year as their interest earned exceeds the personal savings allowance. Are you at risk?
By Laura Miller Last updated
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Tax receipts: Rachel Reeves 'should hand back the cash'Opinion Chancellor Rachel Reeves is cheering higher-than-expected tax receipts. But where has the money come from?
By Matthew Lynn Published
Opinion -
An experienced investor’s end of tax year checklistThe clock is ticking down before the end of the 2025/26 tax year, when any tax-free savings and investment allowances are lost. For experienced investors, though, the deadline for some tax-saving schemes is even earlier.
By Laura Miller Published
