Amin & Co Accountants Manchester

HMRC is giving employers advance notice that the Department for Education (DfE) has introduced a new student loan Plan type 5. Repayments are due to begin from 6 April 2026. Key details include that: Plan 5 will be operated and collected in the same way as current plan types 1, 2 and 4 the earliest repayments will start for PAYE is 6 April 2026  the annual repayment threshold will be £25,000 repayments will be made at 9% on earnings over the £25,000 threshold employers will s

From Winter 2025 , the Government will expand the eligibility criteria for Winter Fuel Payments  in England, Wales, and Northern Ireland , and for the Pension Age Winter Heating Payment  in Scotland — meaning more pensioners  will qualify for this seasonal support. However, from April 2026 , new tax rules will apply to higher-income pensioners. Key Change: Recovery Through the Tax System If an individual’s total annual income exceeds £35,000 , HMRC will recover the full valu

At Amin & Co Accountants , we want to ensure all our clients make informed and compliant tax decisions . HMRC has launched the ‘Don’t Get Caught Out’  campaign to help contractors and agency workers identify and avoid tax avoidance schemes — and to support those who may already be caught up in one. 💡 Key Resources for Contractors and Freelancers: Online Guides:  Learn how to spot the warning signs  of tax avoidance and understand how legitimate umbrella companies  operate.