What is the personal savings allowance (and how you can boost it by £5,000)
The personal savings allowance for a basic rate taxpayer is currently set at £1,000. This means you can earn up to £1,000 per year in…
Income Tax
New tax break for married couples unveiled
David Cameron has unveiled a new tax break for married couples which could save them up to £200 a year. At present it is not…
Child Benefit tax trap – parents have until 5th October to avoid it
Child Benefit used to be a universal benefit available to all parents however, as of 7th January 2013 it became means-tested. Child benefit is now withdrawn…
Claim back income tax on a deceased spouse’s estate – Money tip #224
If your spouse or civil partner has died you may be able to claim back Income Tax on their behalf. Unfortunately, many people don’t realise…
Reader Q: Can I pay a pension contribution now to reduce last year’s tax bill?
Reader Question: I have a hefty tax bill to pay for 2011/2012 tax year due to a taxable event gain. However if I pay a…