News & Press

Nearly all customers who have previously taken out a HCSTC loan will have very little in the way of savings. They are likely to be basic rate tax payers and usually receive less than £1,000 of interest per year.Until recently the Financial...

One important tax consideration could be inheritance tax (which is a tax on a deceased’s estate) which can be avoided in full with extremely careful tax planning. The other very important consideration prior to death is ensuring that you have...

Broadly speaking, IHT is charged on all assets that are given away if the person making the gift passes away within 7 years. There is however an IHT nil rate band of £325,000. This means the first £325,000 of disposals is not liable to the...

Inheritance Tax is a one of the taxes which many of us would rather not have to think about or even consider as it is a tax payable on an individual’s estate upon their death. Given the sensitivity of the subject, many individuals tend to put...

In a bid to simplify the tax system a backbench bill proposing to change the name of National Insurance to ‘Earning Tax’ was recently discussed in Parliament.What does NI go towards?The National Insurance scheme has been in operation for 100...

With company pension schemes being in the news recently, we thought it could be useful to look at the types of schemes out there and the benefits of these schemes. There are two types of company schemes:Defined benefit schemes – also known as...

2016 came and went, and now we are well into 2017. However for all tax advisers around the country, there is still no doubt a huge panic and extra hours being spent in the office to make sure all client’s personal tax returns for 2015/16 are...

This private residence relief means that you will not have to pay any Capital Gains Tax on the disposal of your main home as long as you are able to satisfy the main two conditions. These two conditions are based on the assumption that you...

When you work in the UK, you may have various sources of income ranging from salary and dividends to bank interest. There may however be some situations where you end up paying too much tax. When this does happen, you will want to reclaim...

In April this year, the government introduced significant changes to income tax rates, allowing millions of UK taxpayers to keep more of their hard-earned cash. And, in 2018, the average taxpayer is shelling out approximately £1,000 less in...

Fear not… it isn’t quite the 31st January today, but it is fast approaching. The month of January is always the busiest season for personal tax advisers to get all the tax returns for their clients prepared and filed in time to avoid the...

During your employment, there may be a point in time when your employer wishes to reward you. This could come in the form of remuneration, benefits in kind, but could also be in the form of some shares or share option. The treatment of these...