Changes the government made in their budget that may impact the tax you pay
Your personal allowance is the amount of income that you do not have to pay tax on. The government will be keeping the personal allowance at its current level of £12,570. However, the income you receive may have increased. For example, the basic State Pension will increase by 10.1% in April 2023. As a result you, may start paying more tax, or you may start paying tax when you did not pay tax before. HMRC will issue a tax code notification if you need to start to pay tax. If you have any questions on tax or how this may impact you, please contact our dedicated team at Tax Help by clicking the following link.
If you have any questions about how your Rothesay pension payments increase in payment, click here for our pension increases Q&As.
Cost of living support
Please see below for links to information and help provided by other organisations that may provide you with some help and support during the current cost of living crisis.
Government support for cost of living
The UK government has announced a package of measures to help families with rising energy costs and other cost of living increases.
Getting help with the cost of living
Citizens Advice provide useful information on how you might be able to get help from the government or your local council.
Additional help with your tax
Tax Help is a charity service providing people on lower incomes with free, independent and expert advice and help regarding tax.
Many people do not claim the marriage allowance they are entitled to and are missing out. Use the link below to see if you qualify.
Budgeting and dealing with debt
PayPlan offer free simple debt advice to those who need it and have a useful online tool called Budget Smart.
Managing your money in uncertain times
MoneyHelper offer free impartial guidance to make your money and pension choices clearer.
Energy saving tips
National Energy Action (NEA) offer a range of advice and support for your energy bills.