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Taxation

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Taxation
April 25, 2023

“Giving while living” and inheritance tax 3>

Dealing with inheritance tax (IHT) is often assumed to be dealt with at a person’s death. Yet you are not limited to planning your estate for this one-off event. You can also mitigate IHT by…
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Taxation
February 17, 2023

Tax freezes and your financial plan 3>

Some taxes are immediately noticeable, such as income tax and National Insurance. Others are less obvious and are classed as “stealth taxes” – applying an indirect eroding effect on your wealth and finances. Value Added…
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BusinessTaxation
January 17, 2023

How does Business Asset Disposal Relief work? 3>

When you sell an asset for a profit (e.g. shares in an investment account), there is often a tax – capital gains tax (CGT) – applied, undermining your returns. One of the advantages of being…
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Taxation
November 27, 2022

5 ideas to cut your capital gains tax bill 3>

With the recent Autumn Statement announcing a cut in the capital gains tax (CGT) allowance in April 2023 and April 2024, many investors are looking for legitimate ways to reduce a needless tax bill. Fortunately,…
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SavingsTaxation
October 20, 2022

Beware of taxes on higher savings rates 3>

UK interest rates have risen 7 times since late 2021, from a historic low of 0.10% to 2.25% at the time of writing. The Bank of England’s (BoE’s) decision to do this has led other...
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Taxation
May 23, 2022

Tax saving ideas for 2022 3>

With the cost of living rising across the UK (inflation now stands at 9%), many people are looking for ways to increase their disposable income. One method is to lower your discretionary spending – e.g.…
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Financial PlanningTaxation
April 28, 2022

The Personal Tax Allowance for 2022/2023 and other key things you should know 3>

With the new tax year upon us, some aspects of taxation have changed. But as several allowances and thresholds have been frozen, the points that have not changed are even more significant. In this guide,…
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Taxation
March 8, 2022

Cutting tax with salary sacrifice: a short guide 3>

The UK is currently facing its highest tax burden in almost 70 years. From April, for instance, a new Health & Social Care Levy will come into force – adding 1.25% to dividend tax and…
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Taxation
January 25, 2022

Three allowances to check this January 3>

Are you interested in keeping more of your hard-earned money? One of the best ways to achieve this is to maximise your tax allowances. Each financial year (April-April), each person can access a range of…
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Financial PlanningTaxation
January 17, 2022

Estate over £1m? How to mitigate IHT 3>

With inheritance tax (IHT) set at 40% on the value of an individual’s estate over £325,000, it is easy to see why many people need to plan for this now. Today, hundreds of thousands of…
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