NEWS

Gen Zs wish they had learnt tax basics

Four in ten of Generation Z say they wish they had learnt the basics about tax when they were younger, according to data from HMRC.

The tax authority is now encouraging those looking for work this summer to download the HMRC app to find the answers they need.

It says that as exams are finishing and young people are starting their summer job search, the HMRC app can help them understand their tax affairs and money matters.

Last year, an average of 3.4 million 18–24-year-olds worked during their summer break.

HMRC says that young jobseekers have access to all the job-related details they need in the app to simplify and speed up the process when starting a new seasonal job. This includes their National Insurance number, tax code, employment history and Pay As You Earn (PAYE) details.

Myrtle Lloyd, HMRC’s Chief Customer Officer, said:

‘Downloading the HMRC app gives young people an advantage in understanding their tax affairs with instant access to information that can help demystify money matters.

‘Young people looking for their first job may not even be aware of what tax information they need. Having the HMRC app to hand will make it a lot easier.’

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09/07/2026