End of Year Financial Planning
As we approach end of the current tax year on 5th April it is time to consider whether there are any tax savings to be made. A few suggestions follow: Transfer Personal Allowance We have included in a separate article how, under certain circumstances, you can save £212 very simply by transferring unused allowances to … Continue reading End of Year Financial Planning
OK, so it doesn’t apply to everyone but if you fulfil the criteria then it is a very simple process for someone to transfer £1,060 of their unused personal allowance to their spouse or civil partner. The criteria are fairly straightforward: The relevant couple must be married or in a legally registered civil partnership. One … Continue reading How to save tax of £212 in one easy lesson
The 31st January deadline for submitting your tax return has now passed and I am pleased to say that the vast majority of our clients submitted their returns by the due date. But anyone who has received a notice to submit a tax return but has not yet done so must act quickly to avoid … Continue reading Late Tax Returns and/or Late Tax Payment
If you put off claiming your State Pension for at least one year without a break, you can choose to take this at a later date in the form of a lump sum. This means that you will get a one-off payment based on the amount of State Pension you would have received if you … Continue reading Defer Your State Pension & Get A Lump Sum
Now the festive season is over it’s time to get back down to work. We are still busy sorting out the final 2015 tax returns that need to be submitted by the end of the month. But it is also time to look at the tax changes that will be taking place in April, one … Continue reading New Year Tax Changes