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Date
Jan 13, 2021
Categories
Personal Finance, Tax Tips
It may seem odd to consider future plans when so much is up in the air, but taxes continue regardless of covid and so it is still a good time to plan your tax affairs before the end of the tax year on 5th April. - Read More
Mar 06, 2020
Pensions, Personal Finance
From 6 April 2020 the threshold for Class 1 National Insurance Contributions will rise to £9,500 a year, meaning that a typical employee will save around £104 a year. - Read More
Feb 07, 2020
Key Dates, Personal Finance
On 6 April 2020, a major new rule comes into effect regarding the speed with which you must report and pay any Capital Gains Tax (CGT) on residential property disposals. - Read More
Personal Finance, Tax
When the Chancellor makes his Budget speech on 11 March, will he take on board any of the recent recommendations he's received to simplify Inheritance Tax or even scrap it entirely? - Read More
Dec 06, 2019
Personal Finance
Many people are unaware of their National Insurance contributions history, but it's important to check as it could help you avoid any nasty surprises when you reach state retirement age. - Read More
Sep 12, 2019
Key Dates, Personal Finance, Tax
The Office of Tax Simplification has released two surveys, one for landlords and one for small business owners, to establish if you want to know your tax liabilities. - Read More
Business Advice, Personal Finance
Christmas is miles away, let alone January. So why on earth would you file your Self Assessment tax return now, over 4 months before the deadline? - Read More
Aug 07, 2019
The Office of Tax Simplification has undertaken a detailed review of Inheritance Tax, and proposed several changes to this complicated tax which could have significant implications. - Read More
Jun 11, 2019
The high income child benefit charge has put many people off claiming child benefit, but beware - this may limit the amount of state pension which you can claim at a later date. - Read More
May 09, 2019
The start of the new tax year means that if you are a shareholder or director you may wish to review your salary and dividend mix for 2019/20 to ensure you're as tax efficient as possible. - Read More
Apr 11, 2019
Plans are afoot to introduce a sliding scale of probate fees based on the value of an estate. Meanwhile HMRC has introduced a temporary process for probate. - Read More
Oct 05, 2018
Did you know you can pass your home on to your children at any time, even if you still live in it? It may seem a great idea, but it's a complicated area which can carry some major drawbacks. - Read More
Class 2 NICs for the self-employed were due to end next April, but the government has now changed its mind. We explain why, and how you can check your NI contribution history. - Read More
Sep 07, 2018
If you own a property with your spouse, tax legislation states that you are entitled to an equal share of any income you receive from this jointly owned property, unless you complete Form 17 - Read More
Jul 06, 2018
The Office of Tax Simplification (OTS) has published a new report which looks at how people’s savings income is taxed, and has identified areas where it might be simplified. - Read More