Category: Tax Reliefs and Allowances

What price our tax reliefs?

Recently released figures show the billions of pounds ‘lost’ to the government each year. Some may be in the next Chancellor’s firing line.

Doctors tapering off as pension tax rules bite

Reports of senior doctors and consultants receiving unexpected tax bills after breaching pension annual allowance tapering rules highlight the need for regular reviews.

A popular peak for venture capital trusts

VCT investment is at a 10-year high. There may be opportunities early in the tax year to explore your options.

Top earners increase their share of tax payments

HMRC’s latest statistics provide an insight into the income tax paying population.

A savings tax review

The way savings are taxed is being reviewed by the Office of Tax Simplification (OTS).

Increasing inheritance benefits for couples

Couples could now save an extra £20,000 of inheritance tax (IHT), as the residence nil rate band (RNRB) increased in April 2018.

Repayment threshold increases for student debt

English and Welsh students who started their courses after 31 August 2012 can now earn £25,000 a year – up from £21,000 – before they have to start repaying their student loans. The increase could provide a saving of £360 a year, with repayment rates at 9%.

The buy-to-let Budget headline you didn’t see

The Autumn Budget contained more bad news for many buy-to-let investors which went largely unnoticed.

Time to review your salary sacrifice arrangements?

New rules for taxing many salary sacrifice arrangements come into force from 6 April.

A new Chancellor takes the reins

The UK now has a new Prime Minister and a new Chancellor, but will tax policy change?