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Martin Lewis issues vital tax tips for pensioners as HMRC January deadline nears
Martin Lewis urged UK pensioners to file tax returns early to avoid penalties and missing reliefs ahead of the January 31 HM Revenue & Customs deadline, with 12 million returns expected.
- On January 31, file your self-assessment, Martin Lewis warned, urging pensioners to meet the HMRC deadline or face fines in the United Kingdom.
- The podcast examined why pensioners struggle with tax forms, reviewing income tax, inheritance tax and capital gains issues that often affect state pensioners.
- Two tax specialists, including Rebecca Benneyworth, joined the podcast, highlighting support like Tax Help for Older People and Tax Aid; Benneyworth said, `If you are on a low income, there are two tax charities...`.
- Martin Lewis called on HMRC to improve peak-time services, as delays and last-minute filings risk people missing reliefs or overpaying, with an initial 100 penalty for late returns.
- From April 6, 2026, a key relief will be axed for most workers, while the personal allowance freeze until 2030-31 will add 780,000 basic-rate and 920,000 higher-rate taxpayers, OBR forecasts.
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Ilkley Gazette+25 Reposted by 25 other sources
HMRC pension loophole millions are missing out on as key deadline looms this month
Finance experts are urging anyone who needs to file a self-assessment tax return to do it ahead of the deadline, and not to miss the reliefs and allowances that could allow them to avoid overpaying their tax.
·Ilkley, United Kingdom
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Total News Sources35
Leaning Left2Leaning Right2Center25Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
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