Yesterday the Chancellor announced that basic rate tax-payers can still enjoy a capital gains tax (CGT) rate of just 18% while high rate tax-payers will get stung by a new 28%...
The observant among you may have noticed that I've added a 'Finance Calculator' link in the 'More from Money to the Masses' box to the right of this article. This...
A change to the Finance Act buried deep in the pages of the March budget means that the self-employed can now "completely offset the purchase price of a new scooter or motorbike against their income for tax purposes", says Miles Brignall in The Guardian.
Following my posts Money tip #67 – Make pension contributions on behalf of your spouse and children and get tax relief even though they don’t pay tax! and Money tip#68 – How you could be entitled to take your entire pension fund as a one-off cash lump sum they lead on to...
(Article updated 6th December 2011) Under current UK pensions legislation your pension fund ultimately has to provide you with a retirement income. Alternatively, it is possible to take a small slice of your fund as a tax-free lump sum (usually 25%) while the balance is used to purchase an income....
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