HMRC to send warning letters to 400,000 people this month over …

Apr 12, 2024 · Up to 400,000 pensioners are set to receive warning letters from HMRC due to a change this month that will result in them having to pay a new bill. This comes after the state …

£169.50
OFF

HMRC Warning To 400,000 People On State Pension Over …

2 weeks from now

Apr 11, 2024 · The latest increase in the State Pension could push around 400,000 people into income tax territory. The full Basic State Pension has now risen to £169.50 a week and the full …

yahoo.com

5%
OFF

State Pension Warning As 400,000 British People Face Unexpected …

2 weeks from now

Apr 12, 2024 · The state pension has increased by 8.5% this month, but the change could push around 400,000 people into higher income tax brackets, experts have warned ... State pension …

chroniclelive.co.uk

10%
OFF

State Pension Warning As 400,000 Brits Face Unexpected HMRC Bill

2 weeks from now

Apr 12, 2024 · According to HMRC statistics, the number of those aged 65 and over paying income tax surged by 10% from 7.73 million in 2022/23 to 8.5 million in 2023/24 following the …

mirror.co.uk

£12570
OFF

State Pension Warning: Thousands Of Pensioners Face Unexpected …

2 weeks from now

Nov 9, 2024 · Analysis shows the state pension will breach the current £12,570 tax-free allowance within three years, creating an unprecedented situation where pensioners must return some of …

gbnews.com

£11962.60
OFF

HMRC Warning Issued To State Pensioners Who Could Get An …

2 weeks from now

Sep 14, 2024 · HMRC warning issued to state pensioners who could get an unexpected bill. ... If the state pension is worth £11,962.60, it leaves people with £1,600 in savings facing a bill, ...

mirror.co.uk

10%
OFF

DWP: State Pension Warning As 400,000 Brits Face Unexpected …

2 weeks from now

Apr 15, 2024 · Recent HMRC figures show a significant increase in the number of people aged 65 and over paying income tax, with numbers rising by 10% from 7.73 million in the 2022/23 tax …

yahoo.com

£460
OFF

British Pensioners Issued Warning Over Unexpected HMRC Bills

2 weeks from now

Sep 15, 2024 · The state pension is set to increase by £460 (Image: Getty Images/iStockphoto) British pensioners have been warned they could receive unexpected HMRC tax bills in the post.

theargus.co.uk

£7859
OFF

HMRC Sends 370,000 Letters Over Major State Pension Error - The …

2 weeks from now

22 hours ago · HMRC has sent letters to 370,000 people over potential state pension errors - with people due £7,859 back on average. The issue relates to people - mainly women - who may …

mirror.co.uk

FAQs about HMRC to send warning letters to 400,000 people this month over … Coupon?

Will pensioners get a warning letter from HMRC?

Up to 400,000 pensioners are set to get warning letters from HMRC after a change this month means they will now have to pay a new bill. The warning comes after the state pension increased by 8.5 per cent at the start of April, and while this is good news for many it means that for some, there will be new bills to pay. ...

Will HM Revenue & Customs send warning letters to pensioners?

Up to 400,000 pensioners are set to receive warning letters from HM Revenue and Customs (HMRC) this month over a new bill. The state pension increased by 8.5 per cent at the start of April with the full basic state pension rising to £8,814 and the new state pension to £11,502. ...

Are UK pensioners at risk of unexpected HMRC tax bills?

British pensioners have been warned they could receive unexpected HMRC tax bills in the post. Thousands of pensioners across the UK are at risk of getting unexpectedly taxed as the Triple Lock increases the state pension by around £460. ...

Will pensioners be hit with shock tax bills a year?

Hundreds of thousands of pensioners could be hit with shock tax bills a year after they receive their state pension. From next April, an estimated 400,000 older people will be at risk of receiving unexpected tax demands and will have to start setting aside some of their state pension each month, a former pensions minister has warned. ...

Why did HMRC send a bill to DWP pensioners?

400,000 people on the Department for Work and Pensions State Pension have been sent an unexpected HMRC bill. HMRC has sent the bill to hundreds of thousands of DWP State Pension claimants amid the Cost of Living crisis. It comes as frozen tax thresholds leave many pensioners owing cash to the taxman. ...

How does HMRC know if a pensioner has not paid tax?

Under this system, the Department for Work and Pensions (DWP) informs HMRC at the end of the tax year about the total amount of state pension received by individuals. If applicable, HMRC will contact the pensioner at the end of the tax year to inform them they have not paid the tax due on their state pension. ...