If you are married or in a civil partnership, you and your partner may be eligible for the tax-free break known as marriage allowance, and if your claim is backdated, you may take home a lump sum of up to £900. This tax year (2018/2019), the allowance allows the transfer of £1,190 from a low-earner’s … Continue reading
The most obvious reason for most is the money. However, for those with an income in the £50K+ bracket, due to the introduction of the High Income Child Benefit Charge (HICBC), individuals may decide not to bother claiming. Try not to make this mistake. Whether or not you want or are entitled to the money, … Continue reading
Know The Gift Tax Rules. Be wise. If, as the boss, you pop into Waitrose and buy five £25 bottles of rum to give to each of your employees, be sure of the reasons (for tax purposes). If you take them into the office and say “Ladies and Gents – we’re hitting targets so here’s … Continue reading
