13 min Read
13 Nov 2024
Nobody wants to pay more tax than they need to, but the problem is that the tax system is incredibly complicated. In this guide, we tell you 39 ways in...
Tag: income tax
Income Tax, Tax Mitigation
What is the personal savings allowance (and how you can boost it by £5,000)
2 min Read
08 Apr 2024
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 interest on your savings without...
Income Tax, Tax Mitigation, Capital Gains Tax
Can I reduce my income and tax bill by paying into a pension?
3 min Read
23 Jan 2020
This article was inspired by a question posed and answered in the Money to the Masses facebook community group. Join the thousands of group members and get your money questions...
3 min Read
08 Sep 2016
Important pension changes for higher earners in 2016 Pension changes guide for higher earners Find out about the changes as well as a little known opportunity for high earners such...
1 min Read
09 May 2014
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 HMRC's powers when it comes...
1 min Read
20 Jul 2013
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...
3 min Read
28 Mar 2013
Time is running out to complete those tax year sensitive tasks before the 5th April.
Income Tax, Inheritance Tax, Capital Gains Tax, Tax, Ask Damien
Reader Question: What tax will I pay on £10million I've inherited from abroad?
1 min Read
21 Sep 2011
FREE: The DIY investing techniques that turned £200,000 into £2.2million Reader Question: If you inherit over £10,000,000 from abroad, what tax would there be to pay in the UK? My answer: Broadly speaking you could end up paying Income Tax, Capital Gains Tax or Inheritance tax on any assets you...