Published On: Sat, Dec 14th, 2024

HMRC issues £4,000 tax warning to workers | Personal Finance | Finance


Thousands of workers across the UK face paying up to £4,000 extra in taxes next year following changes in the Budget.

Chancellor Rachel Reeves announced in October that higher capital gains tax rates (CGT) will be introduced, along with reduced dividend alliances and frozen income tax thresholds from the next tax year in April.

Together these three tax changes will affect workers across all salaries, but could cost higher earners nearly £4,000 extra in taxes in 2025.

CGT is a tax on the…



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