According to Independent Financial Advice Promotion (IFAP), there are 4 main ways in which people are missing out on tax breaks, and end up paying too much tax: Failing to claim tax credits they are entitled to. Forgetting to make simple IHT planning steps, such as writing life insurance into trust. Non-taxpayers failing to claim […]
Category: Tax
Council Tax To Rise
70% councils will increase council tax by between 3.1% and 5%.
Tips For Beating The Taxman
7 suggestions for minimising your tax liability.
Child Trust Funds For Reducing IHT
How to use your Child Trust Fund for minimising Inheritance Tax.
What Is An ISA?
MorningStar has a detailed explanation of Individual Savings Accounts (ISAs). Well worth a read if you’re wondering what an ISA is and how they work.
Don’t Forget Your Tax Return
Avoid £100 fine by getting your self-assesment form back to the Inland Revenue.
The Best Cash ISAs
If you haven’t already used your Individual Savings Account (ISA) allowance for this year, it’s perhaps time to start thinking about where you can stash your cash to keep it away from the tax man. April 5th sees the end of the tax year, so if you have some spare cash lying around that you’d […]
The End For Property In SIPPs?
Well, the pensions industry had been going bananas over the prospect of being able to hold property (and other assets) within a Self Invested Personal Pension when the regulation changes on A-Day, 6th April, next year. But it now seems like the government, in a last-minute U-turn noted in its pre-Budget report, has now shut […]
More Inheritance Tax Links
Further IHT reading.
The Taxman Taketh
Families earning £30,000 pay over £600k in taxes in their lifetime.