HMRC have kindly reminded us that there are approximately 100 days to prepare and file a 2023-24 self-assessment tax return…
Private pension contributions
Tax relief on private pension scheme contributions is a significant incentive in the UK, encouraging individuals to save for retirement…
Opportunity knocks for holiday lets owners
From April 2025, the present tax breaks enjoyed by owners of Furnished Holiday Lets (FHLs) will cease and FHL income and gains will be taxed in the same way as other property businesses…
Are you eligible for tax-free childcare
You can receive up to £500 every 3 months for each of your children to help with the costs of childcare…
Journey out of debt
Hopefully, this post will be of help to individuals that find themselves in debt and are struggling to keep up with repayments…
Child Benefit claw-backs
One of the more impactful changes in the recent budget was the easing of the High Income Child Benefit Charge. Up to 5 April 2024, this has been recovering Child Benefits received by parents if the total income of one or more parent exceeded £50,000. Basically, parents with income between £50,000 to £60,000 have had … Read more
Are you missing out on the Marriage Allowance?
According to HMRC, couples who are married or in civil partnerships could be due a financial boost by sharing unused tax allowances…
State Pension entitlement if you retire abroad
You can claim State Pension abroad if you have paid enough UK National Insurance contributions to qualify…