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What happens when your salary goes over £100k?

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...

What Is a Personal Tax Code?

Personal tax can be difficult to understand. You may see your personal...

Are you getting full relief on your workplace pension contributions?

In order to encourage individuals to pay in to their pensions, the...

Income tax savings for high earners

Following up on our ‘What Happens when your salary goes over £100k’...

Planning for future generations

Nobody likes to think of a time when they are not around but planning what happens to your estate isn’t...
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Self-Assessment and Covid

As we arrive once again at personal tax return time, many may be questioning the purpose of submitting tax returns...
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Payment on Account Deferment

Due to the coronavirus outbreak, the UK government has announced that there is now no requirement to make a second...
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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...
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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,...
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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
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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.
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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.
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