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Taxation

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Taxation
April 14, 2025

Frozen Tax Bands – How Do They Affect You? 3>

Have you ever heard of a “stealth tax”? This occurs when the government raises your tax bill, often without your noticing. In 2025, the most important stealth tax to UK households is arguably the freeze…
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Taxation
February 11, 2025

How to save on tax in 2024-25 3>

How are you keeping your hard-earned income and returns? Last year, 71% of UK taxpayers who checked their tax code found they were overpaying. Indeed, over £8 billion could be owed to the British public…
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Taxation
January 7, 2025

Gifts & IHT: a short guide 3>

IHT has come back into the spotlight after the Autumn Statement. In November 2024, the Chancellor (Rachel Reeves) announced some key changes to pensions, Business Relief and other areas that will know important knock-on effects…
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Taxation
December 9, 2024

How to navigate capital gains tax 3>

Capital gains tax (CGT) has come under the spotlight again. The 2024 Autumn Statement confirmed an increase in the rates for non-property asset disposals. Moreover, we have witnessed a repeated fall in the tax-free CGT…
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Taxation
November 4, 2024

How will farmers deal with IHT now? 3>

We won’t mince our words. The 2024 Autumn Statement has been a big shock for many UK farmers. Reports are circulating widely about how the agricultural sector feels “betrayed” by the decision to remove the…
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Taxation
July 5, 2024

How to navigate income taxes in 2024 3>

Income tax is one of the UK’s three vital revenue streams for the government’s coffers. In 2023-24, it raised £277 billion for the Treasury. Together with VAT and National Insurance (NI) contributions, income tax comprises…
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Taxation
June 8, 2024

How to maximise tax-efficient capital gains in 2024 3>

How do you protect your capital gains from needless tax? This question has become more pressing to UK investors since April 2024, when the Government lowered the tax-free capital gain tax (CGT) allowance from £6,000…
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Taxation
May 10, 2024

How to get the most from the 2024-25 tax year 3>

A new tax year (starting in April) offers a great opportunity to optimise your finances to keep more of your hard-earned income, savings and returns. With the arrival of 2024-25, many clients in Grantham and…
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Taxation
March 5, 2024

How to keep capital gains tax under control 3>

As an investor, you want to keep taxes on your returns at a minimum. Capital gains tax (CGT) can be levied on the profits you earn after “disposing of” (selling) certain assets – such as…
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Taxation
January 22, 2024

How not to overpay on tax in 2024 3>

The UK currently faces its highest tax burden in 70 years, set to rise to 37% of national income in 2024. The Chancellor has hinted that tax cuts could arrive in the upcoming Spring Budget,…
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