Tag: Tax
Pension savers reclaim around £900m in overpaid tax: are you due a refund?
Pension savers dipping into their pot have reclaimed £892m in overpaid tax over the past seven years, latest government figures…
How do I reclaim higher rate pension tax relief?
You usually pay tax through PAYE if you’re an employee, or directly to HMRC after completing a self-assessment tax return…
2022/23 tax year: New tax rates and allowances explained
Your personal tax allowance is the amount of money you can earn, or income you can receive, without paying tax….
What’s in store for your pension in the new tax year?
The State Pension will rise by 3.1% in April this year, and not by earnings growth, as the ‘triple lock…
Which gifts are exempt from Inheritance Tax?
None of us wants to hand over more Inheritance Tax than we need to the taxman, and the good news…
How much tax do I pay if I have a second job?
*The Government has announced plans to cut the basic rate by a percentage point to 19% by 2024. To work…
Make the most of tax year end planning opportunities
Pension savers are generously rewarded by the taxman for saving for the future, so you may want to consider paying…
Six ways to reduce inheritance tax bills
If you make a gift to charity in your will, there won’t be any inheritance tax to pay on it,…
How much tax will I pay when I withdraw my pension?
There are two main pension allowances that you should be aware of that have tax implications. You can pay up…
How pension tax relief works
You’re only entitled to tax relief on a certain amount of pension contributions each tax year, known as your Annual…