Yes, you can file without penalty until 28 February this year, but leaving it until the last minute is fraught with problems. If you are not registered with HMRC to complete your income tax return online, you will need an activation code, which the website says will take up to 10 days to arrive. Here are some things to remember that may keep your income tax bill lower:
Millions of savers will be blocked from transferring their pensions to access them at age 55 after the Treasury closed a loophole.
Fees paid by individuals transferring out of their defined benefit pension scheme have hit their highest levels since 2018, according to XPS.
Around 10,500 people shared their pensions as part of divorce settlements in 2020, research shows.
House price inflation in the UK has stagnated since the Brexit vote amid ongoing uncertainty and political turmoil. In a signal of Brexit’s negative impact on the housing market, September was the worst month for house price growth in the UK for more than six years, according to mortgage lender Halifax.