Can HMRC help boost your finances?


From helping people buy their first home to government-funded top-ups for savers, HM Revenue and Customs (HMRC) is supporting this month’s Talk Money Week event and reminding taxpayers how the department can help boost their finances.

Mel Stride MP, Financial Secretary to the Treasury said:

“The tax HMRC collects funds our vital public services – and also provides financial support to taxpayers and those most in need, through programmes delivered by HMRC.

“We want to make sure everyone gets the financial help they are entitled to – offering a helping hand so they can take that first step on the property ladder through First-Time Buyers Relief, or supporting them with the cost of childcare through Tax-Free Childcare.”

Other ways in which HMRC can help taxpayers boost their finances include the Marriage Allowance, for those who are married or have a civil partner, and Help to Save, a new scheme rewarding those on low incomes with an extra 50p for every £1 saved.  Tax relief is also available on work-related expenses such as uniforms, tools and travel, while First-Time Buyers Relief offers exemptions from Stamp Duty according to property values.

Talk Money Week (formerly Financial Capability Week) runs from November 12-18 and is an annual celebration of the work thousands of organisations are doing to improve money management across the UK.