HMRC Increases Tax-Free Personal Allowance to £20,070 for Self-Assess Households

HMRC increases tax-free personal allowance to £20,070 for self-assess households

HMRC will give you a £20,070 allowance tax free legally if you submit a self-assessment tax return in this circumstance.

HMRC boosts tax-free personal allowance to £20,070 for self-assess households

10 Types Of Income Which Are Tax Free – Key Details inside

ITR Filing 2025: There are many types of income in India on which income tax is not levied. No tax has to be paid on such income. The government has kept these incomes in the tax free category. Know here what are these 10 incomes. There are many types of income in India on which income tax is not levied. No tax has to be paid on such income. The government has kept these incomes in the tax free category. Know here what are these 10 incomes. Agri…

Tax-efficient strategies to consider - it's not to late

Maximising Tax-Free Wrappers are just one way to reduce tax liability. Individual Savings Accounts (ISAs) allow up to £20,000 per tax year to grow free of Income Tax and Capital Gains Tax.

HMRC's rent-a-room scheme allows higher personal tax allowance

The UK’s HMRC is offering an enhanced Personal Allowance of up to £20,070 ($27,388.7) for individuals who take advantage of the rent-a-room scheme as part of their self-assessment tax return. This comes as a response to the freeze on Personal Allowance income tax thresholds, which are set to remain unchanged until at least 2028, reported the Express. The standard income tax Personal Allowance is currently £12,570, which is the amount one can ear…