New tax year changes for 2020 – how will they affect me?
As of the 6th April 2020 we move into the new 2020/21 tax year. Every year we see changes to thresholds and rates and this…
Income Tax
How to check if you’ve overpaid tax in 60 seconds
If you think that you may have paid too much income tax and could be due a refund then HMRC have a handy tax checker tool that can tell you either way. Who can use the Tax checker The HMRC tax checker tool can be used if you were born…
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 Child benefit is now withdrawn…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 this and don’t claim back hundreds, even thousands, of pounds potentially owed to them. Why might a refund be due? You spouse or ciivl partner…