It wasn’t all that long ago that salaries and incomes of over £100,000 a year remained a rather rare occurrence. But the number of people earning a higher base salary and bringing in a total income over £100k has increased significantly since the millennium. Six-figure remuneration packages can now be...
As a high-net-worth individual, planning finances for your future generations can often be quite challenging. Nobody likes to think of...
Self-Assessment and Covid
As we arrive once again at personal tax return time, many may be questioning the purpose of submitting tax returns...
Payment on Account Deferment
Due to the coronavirus outbreak, the UK government has announced that there is now no requirement to make a second...
Do I need to complete a self-assessment tax return?
This is one of those perennial questions we are asked by clients, typically buoyed on by the rash of government...
Higher Rate Taxpayers Pension Relief
The recent self-assessment tax return deadline has once again highlighted an issue for higher-rate taxpayers regarding pension relief on contributions,...
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.