HMRC issues 'unexpected' bill to 400,000 people after 'assessment'

Apr 12, 2024 · 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 …

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

2 weeks from now

Apr 15, 2024 · Expert Andy Wood from Tax Natives has issued a warning, saying: "If your state pension is over £242 per week, you may face unexpected tax bills due to the frozen personal …

yahoo.com

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

2 weeks from now

Apr 12, 2024 · State pension warning as 400,000 British people face unexpected HMRC bill The state pension has increased by 8.5% this month, but the change could push around 400,000 …

chroniclelive.co.uk

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

2 weeks from now

Apr 12, 2024 · State pension warning as 400,000 Brits face unexpected HMRC bill The state pension has increased by 8.5% this month, but the change could push around 400,000 people …

leicestermercury.co.uk

5%
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State Pension Warning As 400,000 British People Face Unexpected …

2 weeks from now

Apr 12, 2024 · Free Online Library: State pension warning as 400,000 British people face unexpected HMRC bill; The state pension has increased by 8.5% this month, but the change …

thefreelibrary.com

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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

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State Pension Warning: 700,000 Pensioners Hit With Unexpected Tax …

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Oct 10, 2024 · State pension warning: 700,000 pensioners hit with unexpected tax bill from HMRC demanding £655 Many older Britons may have to start paying income tax for the first time …

gbnews.com

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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

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British Pensioners Issued Warning Over Unexpected HMRC Bills

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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

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

2 weeks from now

1 day 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

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400,000 Pensioners To Be Hit With Unexpected Tax Bill - Find Out If …

2 weeks from now

Oct 20, 2023 · 400,000 pensioners to be hit with unexpected tax bill - find out if you are affected ... has a pension of £275 a week. If all 400,000 people have this sort of bill, collectively they will …

inews.co.uk

FAQs about HMRC issues 'unexpected' bill to 400,000 people after 'assessment' Coupon?

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. ...

Will pensioners be hit by unexpected tax bills a year?

Hundreds of thousands of retirees will be hit by unexpected tax bills a year after they have spent their state pension money, it has been revealed. The combination of the freezing to tax thresholds and a substantial increase to the state pension has led to many more pensioners being dragged into paying income tax for the first time. ...

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. ...

Should pensioners put money aside for 'unexpected' tax bills?

Hundreds of thousands of pensioners are being warned they may soon have to start putting money aside for “unexpected” tax bills. State pension rates increased by 8.5 percent this month, in line with September 2023’s wage growth figures. While this comes as a welcome boost to many, the latest hike could lead 400,000 people into income tax brackets. ...

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. ...

What happens if your state pension is over £242 a week?

Tax expert Andy Wood from Tax Natives warned: "If your state pension is over £242 per week, you may face unexpected tax bills due to the frozen personal tax allowance." "With an 8.5 percent increase in state pension from April, pensioners receiving over £242 per week may enter the tax net. ...