Tax

How to work out what the tax will be on my bonus?

 Reader Question: How much is a bonus taxed? How much tax would a person pay on £2,206? The tax payer pays PAYE rate of 40% and…

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The cheapest way to update a Will or create a new one

Cheapest way to update a will It is recommended that if you have written a will then you should review your will every 5 years….

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New Inheritance tax rules explained

Inheritance tax changes – Budget 2015 In the Emergency Budget 2015 George Osborne announced changes to the inheritance tax (IHT) rules including a new inheritance…

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Emergency Budget 2015 – Inheritance tax changes announced

Emergency Budget 2015 – Inheritance tax changes announced Changes to the inheritance tax (IHT) rules were announced in the Emergency Budget on July 8th 2015….

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How to avoid inheritance tax (IHT)

How to avoid inheritance tax (IHT) Benjamin Franklin once penned the phrase ‘Nothing is certain but death and taxes’ and there is one tax that…

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Tax year end checklist – Time’s running out

With the end of the tax year (5th April) just around the corner time is running out

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How to calculate your net pay & check your tax code

How to calculate your net pay Simply enter your annual gross salary into the calculator below & click calculate. Click here to use the PAYE…

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Pensions: Can I carry forward unused annual allowances?

Is it possible to carry forward unused annual allowances? My wife has a SIPP worth about £28K. She has not made any contributions in to…

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My parents have gifted me some money – what are the tax implications?

Reader Question: What are the tax implications of a gift from my parents Hi Damien Love your podcast and website, question for you. I’ve been…

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New HMRC powers will allow the Taxman to raid your bank account

Taxman may soon be able to take money from your bank account if you have unpaid tax The Government has announced some proposed changes to…

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