Personal Finance Archives | Haggards Crowther

Managing Your Finances to Facilitate Growth

Effective financial management is essential for business growth and survival. It will ensure your business is controlling and monitoring your financial resources against your business objectives, help you fulfil stakeholder commitments and help you prepare for long-term financial stability. In fact, when good financial management is embedded within your organisation,...

What are the tax planning options for a limited company owner earning over £100k?

While breaking the £100k mark can feel like a personal career high,...

What Happens If You Don’t File a Tax Return (UK)?

Filing a tax return is a crucial annual financial responsibility. This is...

HMRC Increases Time-To-Pay Threshold

HMRC has announced that it has increased the Self-serve Time-to-Pay threshold from...

Capital Gains Tax Changes: AEA From April 2023

In the Chancellor’s Autumn Statement, he announced changes to Capital Gains Tax Allowances i.e the Annual Exempt Amount (AEA). These...

Planning for future generations

As a high-net-worth individual, planning finances for your future generations can often be quite challenging. Nobody likes to think of...

Inheritance Tax – 2022/23 Tax Year End

The Inheritance Tax (IHT) nil rate band is currently frozen at £325,000 until 5 April 2021. As part of a person’s ongoing Inheritance Tax planning, full use should be made of available exemptions

Tax Advantaged Investments – 2018/19 Tax Year End

ISAs, EIS, SEIS, VCT schemes and family investment companies (FIC) can prove useful means of investing money before the tax year end.

Pensions – 2018/19 Tax Year End

Pensions can be a great way of reducing the tax burden. You can contribute £40,000 (gross) a year into a pension scheme. This can be increased if you did not use up your allowances in the preceding 3 years and were a member of a qualifying pension scheme.

Property Assets – 2018/19 Tax Year End

Property investments, lettings and long term rentals have come under the microscope in recent budgets. There are various changes in legislation and available reliefs coming in 2019 and 2020 that you need to be aware of.

Charitable Giving and GiftAid – 2018/19 Tax Year End

If a UK higher rate taxpayer or additional rate taxpayer makes a Gift Aid donation, further tax relief is available to the donor over and above the tax relief claimed by the charity.

Capital Gains Tax – 2022/23 Tax Year End

Significant receipts of additional income may be liable to Capital Gains Tax (CGT). But losses and disposals can be offset. Find out about rates, exemptions and offsetting.