Looking forward to a Happy New Tax Year?
The new tax year starts on 6 April and with this brings a raft of changes to personal tax, making an early review of the year ahead a wise move. What actions will you take to ease the tax burden?
tax
A new tax regime for pensions?
The Institute for Fiscal Studies (IFS) is the latest think tank to put forward proposals for a new regime for tax and pensions, which might appeal to a future government. What measures do you need to take in case they become a reality?
Pensions, death and taxes: The retirement anomaly
There is an interesting lesson to be learned from a think tank’s pension criticism.
Investors set to pay more tax
In his Autumn Statement, the Chancellor, Jeremy Hunt, said that in making decisions on tax the government followed a broad principle that “we ask those with more to contribute more”. Investors were clearly placed into this category.
Timing is everything
September’s ‘mini-Budget’ introduced tax and NIC changes with a range of consequences to employees, employers and the self-employed. Have you sought advice before making any financial decisions?
Tricky teens: inflation set to soar beyond 13%
With projections that inflation could reach 13% and beyond into 2023, many people may be tempted to raid investments and access early retirement benefits to make ends meet.
Is your interest getting too interesting?
As interest rates rise, the number of people who must pay tax on some interest is set to increase. Could you be one of those new interest taxpayers?
Capital gains simplification on the cards for divorce settlements
From 6 April 2023, new legislation is set to simplify tax on divorce with a proposed three-year increase to the CGT-free period after the tax year of separation.
Five decades of tax rises ahead
The government’s budget watchdog, the Office for Budget Responsibility, says more tax rises are not only on the way but are expected for the next 50 years.
Setting new taxpayer records
New data from HMRC reveals there are now a record number of people paying higher or additional rate tax in the UK – 6.1 million.