An increase in capital gains tax will be at the heart of a package of reforms agreed by the new coalition government led by prime minister David Cameron, according to Chris Marshall of Citywire.
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 ‘tax-free’ allowance. Given the few tax concessions on offer it’s important that people consider using their CGT allowance. It could save you up to £5,100...
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 capital gains tax but any contributions you make into the plan receive income tax relief at your highest marginal rate.
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 soon gate crash and spoil the party...
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 to the State Pension and to certain social security benefits. The type and level of NICs you pay depends on your earnings and whether you're...
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