Business & Technology
Millions risk missing this HMRC tax deadline for April 2026
Financial experts say this is one of the most important moments in the money calendar, as key tax-free limits are wiped clean and start again – and anything unused is gone for good.
Brian Byrnes, Director of Personal Finance at Moneybox, said: “The tax clock has reset, and now is the time to take action. All tax allowances are being refreshed, so it’s a key moment to think about how best to use them to achieve your goals.”
1. Use your £20,000 ISA allowance before it disappears
The annual ISA allowance stands at £20,000, but it operates on a strict use-it-or-lose-it basis.
Byrnes warned: “Any portion you don’t use in the next 12 months is gone for good, so it’s important to make the most of it where you can.”
Cash ISAs can be useful for short-term savings goals, while Stocks & Shares ISAs are typically better suited to longer-term investing. Lifetime ISAs can also help first-time buyers or retirement savers thanks to a government bonus.
2. Don’t miss out on pension tax relief
Pensions remain one of the most tax-efficient ways to save.
You can contribute up to £60,000 per year (or 100% of your salary, whichever is lower), and benefit from government tax relief.
Byrnes explained: “A pension comes with the benefit of free money. For a basic rate taxpayer, every £80 you contribute becomes £100 thanks to tax relief.”
He added that higher earners can benefit even more, with relief of up to 40% or 45%, depending on their tax band.
3. Mix savings and investing for better returns
Experts say you don’t have to choose between saving and investing.
Splitting your ISA allowance between cash and investments can offer both stability and growth potential.
Byrnes said: “You can split your contributions between cash for security and stocks and shares for growth, getting the best of both worlds.”
While cash savings are lower risk, they may struggle to keep up with inflation. Investing, on the other hand, has historically delivered stronger returns over the long term.
4. Take advantage of the Lifetime ISA bonus
A Lifetime ISA offers a 25% government bonus on contributions.
That means saving £4,000 per year could earn you an extra £1,000 annually.
Byrnes said: “If you’re planning to buy your first home or boost your retirement savings, a Lifetime ISA can be a powerful way to grow your money.”
5. Use allowances for your children too
It’s not just your own tax-free limits that reset.
Junior ISAs allow parents to save up to £9,000 per year per child, completely separate from the adult ISA allowance.
Byrnes noted: “With regular contributions, this can build into a meaningful financial boost for your children’s future.”
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6. Watch out for common tax mistakes
Experts also warn many investors are caught out by avoidable errors, especially around capital gains tax.
Michele Tieghi, founder of PsyFi Money, said: “One of the biggest misconceptions is that tax only applies when money hits your bank account.
“In reality, selling investments can create a tax bill even if you reinvest straight away.”
He added: “Missed reporting, poor record keeping or simple errors can quickly lead to penalties, interest and unexpectedly large tax bills.”
Tieghi also stressed the importance of using allowances before they reset: “Once the tax year ends, those allowances are gone for good – and that can mean paying tax unnecessarily.”
Business & Technology
Oxfordshire families pay £6k a month for care homes left uninspected
New data from OpenScore shows families pay an average of £1,615 a week for care based on Care Quality Commission (CQC) ratings nearly five years old.
This means families are basing crucial decisions on information that may not accurately reflect current standards.
Care homes that have not been inspected for more than eight years include Bridge House in Abingdon, Eden House Residential Home in Oxford, Oxford Respite Service in Headington, and Newland House in Witney.
In some cases, care homes have not been inspected for more than nine years, including Mon Choisy Care Home in Kennington, Merryfield House Nursing Home in Witney, and Brook House Residential Care Home.
More concerningly care homes rated ‘requires improvement’ have been left years without reinspection, Cheney House and The Ridings in Banbury last received inspections in 2022, while OSJCT Longlands in Blackbird Leys, Oxford, and the Albany Care Home in Headington were last inspected in 2023.
The previous CQC models for inspection would typically mean care homes rated ‘good’ or ‘outstanding’ would be inspected every 2 to 5 year, meanwhile those rated ‘requires improvement’ should be inspected within 12 month.
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More concerningly care homes rated ‘requires improvement’ have been left years without reinspection (Image: Radar)
But, a spokesperson for CQC, said the service now priorities where a current risk has been identified but “obviously we don’t want services going too long between inspections either”
They added: “CQC currently uses a risk-based approach to inspections. This means striking a balance between responding to emerging risk, re-inspecting services with aged ratings, and first-time inspections for newly registered services.”
The same survey found 65 per cent of people stop trusting an online review for a restaurant or hotel after just six months, and 89 per cent consider real-time data transparency essential when choosing care for a relative.
Debbie Harris, founder of OpenScore and Autumna, said: “Families in Oxfordshire are making some of the most expensive care decisions in the country, and they deserve to make them on the best available information.
“An inspection result from nearly five years ago does not reflect what a home looks like today.
“OpenScore gives families the current picture they need between official inspections.”
OpenScore is not a replacement for CQC regulation, but provides families with a more current view of daily care home standards.
The platform aggregates more than 65 real-time indicators daily, from safety checks and dining quality to staff training and live resident and visitor feedback, to provide a current picture of a home’s standards regardless of when the last official inspection took place.
Business & Technology
Making Tax Digital pushes sole traders to incorporate
KAREN JOY BACUDO
Finance Editor
Taxfix has found that many UK sole traders are changing their business structure or considering a return to salaried work because of Making Tax Digital. The findings suggest the policy is affecting self-employment beyond tax reporting.
According to the tax app company’s data, nearly a quarter of sole traders affected by the rules have already set up, or started setting up, a limited company because of Making Tax Digital. A further 57% said they had considered doing so.
The figures suggest a reform intended to expand digital tax reporting is also shaping decisions about legal structure. For sole traders, incorporation brings a different set of accounting, filing and compliance duties, even if some see it as a way to manage the burden of the new reporting system.
The survey also found that 45% of respondents had considered leaving self-employment and returning to permanent salaried work because of Making Tax Digital. That points to a possible effect on business formation and the size of the self-employed workforce at a time when policymakers remain focused on growth and productivity.
Age appears to influence how people are responding. Among 18 to 24-year-olds, 29% said they had already set up or begun setting up a company at least partly because of Making Tax Digital, compared with 28% of those aged 25 to 34. The share fell to 21% among 35 to 44-year-olds, 20% among 45 to 54-year-olds and 14% among those over 55.
A similar pattern appeared in views on returning to employment. Six in 10 respondents aged 18 to 24 said the tax changes had made them consider going back to salaried work, compared with 48% of those aged 25 to 34, 43% of those aged 35 to 44, 39% of those aged 45 to 54 and 40% of those over 55.
Record keeping
The research indicates that many sole traders are still adjusting to the practical demands of digital record keeping. Four in 10 said they had started keeping digital records but were not confident they were doing it correctly, while 46% said they were using compatible software and felt ready to submit.
That split suggests awareness has improved, but confidence remains uneven as quarterly reporting approaches. For some businesses, the challenge appears to extend beyond software adoption to the wider time and administrative demands of staying compliant.
The survey found signs that the changes are already affecting day-to-day business decisions. While 39% said they felt more on top of their finances, 29% said they had become more cautious about taking on new work, 25% said they had raised or planned to raise prices to cover the extra administration, and 19% said they had delayed plans to grow or invest.
The figures suggest a mixed picture. Some sole traders say digital reporting is helping them manage their finances more closely, while others appear to be limiting activity, passing on costs or postponing expansion.
Employment concerns
For those considering leaving self-employment, moving back into a salaried role is not seen as straightforward. More than a third, or 37%, said they were worried they would struggle to find a job that matched their current income.
The main concerns were lower income, cited by 41%, followed by a competitive labour market at 32%, age discrimination at 31%, spending too long outside traditional employment at 29%, and fears that employers might view self-employment negatively at 24%.
This suggests Making Tax Digital may be putting pressure on workers who do not see an easy alternative in the wider labour market. It also raises the prospect that some may be changing their business structure not because it suits their commercial needs, but to avoid extra administrative strain.
“Making Tax Digital was meant to modernise the system. Instead, our research suggests it’s pushing many to change their business structure or leave self-employment entirely. What’s particularly concerning is that with nearly a quarter (23%) of sole traders setting up, or starting to set up, a limited company, incorporation is increasingly being viewed as an escape route. But incorporation isn’t a shortcut to less admin. Limited companies face their own complex filing obligations, with a broader set of tax, accounting and filing requirements. While closing the tax gap is an important goal, if sole traders respond to MTD by incorporating, the policy could instead push businesses outside the very system it was designed to bring them into. The focus now must be on simplifying the system and making compliance achievable, not something to be worked around,” said Oliver Harcourt, Senior Director, Taxfix.
Business & Technology
UK consumers say 75% of marketing feels irrelevant
SOFIAH NICHOLE SALIVIO
News Editor
Optimizely has published research showing that 75% of UK consumers find the marketing they receive irrelevant, highlighting a widening gap between consumer expectations and marketers’ ability to meet them.
The survey covered 1,000 UK consumers and 100 UK marketers. It found that many consumers are frustrated by generic, repetitive and poorly targeted messages, while marketers say time constraints, fragmented data and disconnected systems are limiting their work.
Among consumers, 69% said the marketing they receive is often generic or not tailored to them. The same proportion said they often receive duplicate messages or emails from brands, suggesting repetition remains a common problem across channels.
Volume is also an issue. Some 61% of consumers said they feel overwhelmed by the amount of marketing they receive, while 56% said it is becoming harder to find brands that communicate in a useful and engaging way.
The findings suggest poor relevance is starting to affect how people respond to brands. Nearly half of consumers, or 42%, said they disengage when content feels irrelevant, and 35% said they are more likely to unsubscribe from emails and other marketing communications after a poor or irrelevant experience.
Marketer pressures
On the marketing side, the research suggests many teams are under pressure to produce campaigns without the resources they need. Six in 10 marketers said they often have to launch campaigns without enough time or data to optimise them.
More than half, or 54%, said they move from one campaign to the next without enough time to evaluate performance properly. Another 66% said managing multiple tools and platforms creates unnecessary work.
This points to a structural problem for marketing departments trying to meet rising demand for more relevant communications. Consumers want messages that reflect their interests and behaviour, but marketers say the systems behind campaign planning and delivery are often disconnected.
In practice, that can leave brands sending more communications without improving quality. Repetition, weak targeting and poor timing can all reduce a campaign’s value, especially when consumers already feel inundated by promotional material.
AI questions
The research also touches on the role of artificial intelligence in marketing. While AI tools have been widely adopted to help teams produce content more quickly, the findings suggest speed alone has not solved the relevance problem.
One executive at the company linked the issue to how the technology is being used. “Consumers can tell when marketing wasn’t made for them, and our research shows they’re tuning it out because of it,” said Tara Corey, SVP, Marketing at Optimizely.
Corey added: “The irony is that AI was supposed to help fix this, but so far, it’s mostly just helped marketers make more of the same. The real opportunity isn’t more content, it’s better content, and that means using AI to clear away the busywork so marketers can actually focus on strategy and creativity again.”
The data comes as many brands try to balance automation with pressure for better customer engagement. Businesses have increased their use of email, mobile alerts and digital advertising, but consumers appear to be drawing a sharper distinction between communications they find useful and those they dismiss.
For marketers, the results suggest the challenge is no longer simply reach or frequency. The more pressing issue is whether organisations can organise their data, tools and workflows well enough to send messages customers consider relevant.
The findings also show that when that does not happen, the commercial risk is immediate: 35% of consumers said they are more likely to unsubscribe from marketing communications after a poor or irrelevant experience.
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