Personal tax can be difficult to understand. You may see your personal tax code and not understand what it means and how it affects you - but we are here to help you. Read on to learn more about personal tax codes, and to learn what the letters mean in...
Nobody likes to think of a time when they are not around but planning what happens to your estate isn’t...
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.
