2022/23 Tax Tables Click the image to download PDF.
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The tax benefits of ISAs can extend to inheritance tax. Individual Savings Accounts (ISAs) have three major tax advantages: No UK income tax liability on UK dividends and interest. With frozen tax bands and allowances plus an increase in dividend … Continue reading
A critical review of how the government taxes child benefits has raised a major question mark over HMRC’s approach to collecting payments. Child benefit tax, or the High-Income Child Benefit Charge (HICBC) to use its legal name, is a case … Continue reading
With inflation hitting 6.2% in February and outstripping wage growth, make sure you are paying attention to what’s happening to your money. We explore some ways to help keep your money where it belongs. Tip 1: Make sure you have … Continue reading
The changes to national insurance contributions (NICs) announced in the Spring Statement in March were not straightforward. Let’s set the record straight. In his Spring Statement – or was it a mini-Budget? – the Chancellor announced several changes to NICs … Continue reading
One of the defining financial strategies of the last 13 years – quantitative easing – is about to go into reverse. The Bank of England will slowly trim its £9 trillion portfolio throughout 2022, but only time will tell when … Continue reading
The government is turning the financial screws on student loans and is set to claw back £2.3 billion under the guise of high inflation. These changes pose a significant, and potentially expensive, dilemma for those with student debt. ‘Fiscal drag’ … Continue reading
Divorce will become easier thanks to a change in the law from 6 April, but even with a more amicable split, financial advice is still vital. Divorce rules in England and Wales will soon undergo their most radical reform since … Continue reading
A new wealth tax to counter the cost of the Covid-19 pandemic was the talk of the financial pages not so long ago. Now it has disappeared… or has it? By the end of 2020, as the huge cost of … Continue reading
The invasion of Ukraine has shaken emotions and certainties as the world watches a growing humanitarian disaster. The reactions of global markets, which had misread President Putin’s strategy as much as many politicians, were similarly sent into crisis mode. On … Continue reading
New research shows that UK dividend payments rebounded strongly in 2021, but still remain below their pre-pandemic level. The experience of the last two years holds important lessons for investors. 2020 was a grim year for anyone who relied on … Continue reading
House prices rose by around 10% in 2021 – their fastest pace in 15 years – but that is no guarantee of what may come in 2022. Relying on bricks and mortar to boost your finances may no longer be … Continue reading
The government has nearly finished its review of the next stage of State Pension Age (SPA) increases. But changes to life expectancy figures pose a significant, and potentially expensive, dilemma. A review of State Pension ages from the Department for … Continue reading