Although not particularly generous at £3,000 per donor per annum, if this annual IHT exemption is not used by 5 … Read More
An individual makes their pension contributions out of their taxed and NIC’d income. Most individual pension contributions are made “net … Read More
The High Income Child Benefit Charge (HICBC) is a tax charge which claws back up to 100% of any child … Read More
The cost of business travel is an allowable expense for tax. Home to work travel may qualify as a business … Read More
If you are self-employed and work from home you can claim: All the costs that are incurred for business purposes. A proportion … Read More
In order to maximise entitlement to full State Benefits, a full contribution record Is required. It is possible to check … Read More
In 2016 the government consulted on a proposed abolition of Class 2 National Insurance contributions (NICs) for the self-employed. This … Read More
The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit … Read More
ISAs The 2018/19 overall limit for ISAs is £20,000. This can be invested in cash or stocks and shares. Any … Read More
Personal allowance This is the amount of income you can receive that you don’t have to pay tax on. In … Read More