Opt out of winter fuel payments or get a tax clawback headache – London Business News | Londonlovesbusiness.com

Date:

Share:

[ad_1]

Those who are qualified for Winter Fuel Payments (WFP) but have an income over £35,000 must opt out before 15 September 2025, or risk dealing with a tax clawback headache, say leading audit, tax and business advisory firm, Blick Rothenberg.

John Havard, a Consultant at the firm, said: “There is an easy way to opt out of the tax headache caused by the WFP on the gov.uk website, but it must be done before 15 September 2025.

He added: “The default is that any age qualified individual will receive the WFP. But a ‘wealthier’ individual with an income over £35,000 will be subject to a tax ‘claw back’, where the WFP they receive is required to be returned to the Government. Given this will be a complex process, and just £1 of income above the £35,000 limit is enough to trigger a clawback, those in favour of a simple life will need to opt out of WFP before the deadline.

John said: “You can formally opt out of receiving WFP on the Opt out of Winter Fuel Payment page on the gov.uk website. But you must live in England, Wales or Northern Ireland to do so. The only information you need to have to hand is your National Insurance Number, name, date of birth and address.”

He added: “According to the Winter Fuel help page, you can also contact the Winter Fuel Payment Centre via the telephone or post to opt out. Hopefully the Government is providing information on these avenues of contact via offline sources such as television, radio and leaflets, as those opting out in these ways are likely doing so because they are not online.”

[ad_2]

Source link

━ more like this

Sends shares Q1 2026 business update and product progress

Sends reported Q1 2026 updates sharing news on digital cards, app redesign, ClearBank integration, and fintech industry recognition. Sends, a fintech platform operated by Smartflow...

We swipe our phones all day, and scientists just ranked which ones are the most tiring

We all know staring at your phone for hours isn’t great for mental health. But what about your fingers? Previously, researchers couldn’t measure...

Two suspects have been arrested for allegedly shooting at Sam Altman’s house

OpenAI CEO Sam Altman's house may have been the target of a second attack after San Francisco Police Department arrested two suspects for...

You Can Soon Buy a $4,370 Humanoid Robot on AliExpress

Listing consumer electronics on the internet's large ecommerce marketplaces is a key step in “democratizing” the products, allowing them to be purchased by...
spot_img