HMRC Announces £18,570 Tax‑Free Personal Allowance Boost Under Savings Rule

HMRC Announces £18,570 Tax‑Free Personal Allowance Boost Under Savings Rule

A new tax update has caught the attention of savers and pensioners across the UK. Reports of a potential £18,570 tax‑free personal allowance under current savings rules have prompted many people to ask the same question: is the standard tax‑free allowance really increasing? The answer requires a bit of explanation. While the standard Personal Allowance … Read more