Not everything your bank pays you counts towards the personal savings allowance. When the personal savings allowance (PSA) was first announced in the March 2015 Budget, it all sounded quite straightforward: If you were a basic rate taxpayer, you had … Continue reading →

The Treasury has issued a consultation paper on changes to the taxation of single premium investment bonds following a long-running tax tribunal case. Single premium investment bonds have long been a popular way of investing for both individuals and trustees. … Continue reading →

Independent research shows that if you feel you’re paying more income tax than you used to, you’re probably right. The Institute for Fiscal Studies (IFS) is an independent body that has established a reputation for objectivity in tax matters. Its … Continue reading →

The ‘Panama Papers’ have created a media frenzy about offshore investment. Not everything you read was necessarily accurate. Offshore investment made front page headlines last month, with the leak of 11.5 million documents from a law firm in Panama. The … Continue reading →