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…
Tax Mitigation
Are premium bonds worth it? The good, the bad and the ugly side of the nation’s favourite investment
Money tip #55 – Use your annual CGT allowance
According to research from Fidelity 91% of Britons admit they do not understand Capital Gains Tax (CGT) and only 6% could identify the correct annual…
Money tip #32 – Pay into a pension
Pensions offer a tax efficient way to invest for your retirement. Not only do the funds within a pension grow free of any income or…
Money tip #30 – One way to protect your savings from inflation, both tax and risk free
Inflation is the enemy of savers and anyone on a fixed income. In today’s low interest world where the general consensus is that inflation could…
Money tip #27 – Save money on your TV Licence
Updated 8th August 2014. You need to be covered by a valid TV Licence if you watch or record TV as it’s being broadcast. This…
Money tip #26 – Never make an investment just for tax reasons
One of the golden rules when investing is never make an investment for tax reasons alone.
Money tip #23 – If you continue to work after the state retirement age make sure you stop paying National Insurance
What are National Insurance contributions You pay National Insurance contributions (NICs) throughout your working life, from age 16, in order to build up your entitlement…
Money tip #22 – Use your annual ISA allowance
With the tax year end fast approaching (5th April) time is running out to use your annual ISA allowance When it comes to tax concessions…
Money tip #15 – Save income tax on your mortgage interest payments
If you are a mortgage borrower with savings you may want to consider taking out an offset mortgage.