Every year, thousands of people get stung by a hidden quirk in the UK tax system. Between £100,000 and £125,140, your effective tax rate isn't the 40% you might expect. It's actually 60%. This "60% tax trap" arises because your […]
With the end of the tax year approaching, it’s a good time to organise your finances and make sure you make the most of your tax allowances, reliefs and exemptions. Some of these allowances will be lost if you don’t […]
One of the biggest reforms in the Autumn Budget (2025) was the extension of the income tax band “freeze” by a further three tax years. Already set to remain static until April 2028, Chancellor Reeves confirmed that the bands would […]
By 2031, the number of UK estates likely to pay IHT (inheritance tax) is expected to reach 63,100. That’s nearly double the most recent 32,000 figure. The reasons are multiple and complex, but two key factors include frozen tax thresholds […]
The UK tax system is supposedly “progressive” (the more you earn, the more you pay). Yet, the system is notoriously complex, with a code running over 23,000 pages. No wonder many people needlessly overpay. The challenge of tax planning can […]
You cannot completely avoid taxes if you live in the UK. Yet, our financial planners in London, Grantham and Leicester encounter people every day who are overpaying - often without realising. The impact can be significant: retirement needlessly delayed, incomes […]
You may have noticed headlines (or YouTube videos) talking about a “non dom exodus” from the UK. The message seems to be: the UK is no longer an attractive place for those looking to build wealth, especially entrepreneurs. The argument […]
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 to income tax bands. In […]
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 from this issue alone. Checking […]
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 to estate planning. This has […]
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 allowance over the past two […]
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 special inheritance tax (IHT) relief they previously had.
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