Personal Tax

Personal tax allowance for 2017/18

Personal tax allowance for 2018/19

Personal tax band and rates for 2017/18

Personal tax band and rates for 2018/19

Tax bands and rates for dividends

Dividends received by an individual are subject to special tax rates. Read more…

Tax on savings income

The Savings Allowance (SA) was first introduced for the 2016/17 tax year and applies to savings income. Read more…

Your tax return – 4 reasons to complete it early

Although the deadline for submitting your online tax return is 31 January, the sooner you complete the return the better the benefits to you. Read more…

Filling in your tax return – 5 mistakes to avoid

Leaving your tax return to the last minute means you are more likely to do it in a hurry and therefore more likely to make careless errors. Read more…

How to pay Self Assessment Tax

This guide offers a reminder of the payment options available when paying your Self Assessment Tax.  Read more…

Inheritance Tax

It had been intended to leave the IHT nil rate band frozen at £325,000 until 5 April 2015. The band will now remain at that level until 5 April 2018. Read more…

Seed Enterprise Investment Scheme (SEIS)

The Seed Enterprise Investment Scheme (SEIS) was introduced in 2012 as a way of encouraging equity investment in small companies. Read more…

Capital Gains Tax

Details of latest rates and annual exemption. Read more…

Annual allowance for pensions saving

The annual allowance is an annual limit for giving tax relief on pension contributions. Contributions can be paid in excess of the limit but may give rise to an income tax charge on the member of the pension scheme. Read more… 

Combining employment and self-employment – tax and NI implications

It’s possible to be employed and self-employed at the same time. This could apply to you if, for example, you work for an employer part time and run your own business part time.  Read more…

State pension deferral

Anyone reaching state pension age can defer taking it, say, until they stop working. This will entitle them to a higher regular pension or a lump sum payment. They can also use deferral to obtain a tax saving. Read more…

Transferable Tax Allowance

The Transferable Tax Allowance will enable spouses and civil partners to transfer a fixed amount of their personal allowance to their partner. Read more…

Capital Gains Tax – private residence relief

A gain arising on a property which has been an individual’s private residence throughout their period of ownership is exempt from CGT. There are deemed period of occupation rules which may help to provide an exemption from CGT even if the individual was not living in the property at the time. Read more…

ISA and Lifetime ISA savings limits

The latest saving limit for your ISA and Lifetime ISA. Read more…