Today, a single pensioner needs around £43,900 income per year for a comfortable retirement, according to Pensions UK ’s ...

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

The Personal Allowance is the amount of money you can earn before you start paying tax and it remains at £12,570, which it's ...

The other must earn between £12,570 and £50,270 (a basic-rate taxpayer). If you qualify, the lower-earning partner can ...

Those planning to retire in 2030 and beyond could be hit with a hefty £15,000 burden if the personal allowance tax freeze is ...

The sum you can pocket before you owe tax, dubbed the Personal Allowance, has remained frozen at £12,570 for several years ...

However, if you earned under £18,570 in a year, you may be able to increase your tax-free allowance to that amount using HMRC ...