Topic filter : Income Tax

Most trending topics in Business & Finance ( last 24 hours ):
Energy Bill General Election Election Conservative Revenue Bonus Public Sector Military Allowance Profit First Quarter Profit Warning World Bank Euro International Monetary Fund Economy Global Economy Manufacturing Manufacturer Extortion Transport Vince Cable Democrats Scandal Electricity Conservatives Labour FTSE 100 Prime Minister

Socially Most Trending News

....Reality Check verdict: The government is very reliant on richer people for its funding. More than a quarter of income tax is paid by the 1% of taxpayers with the highest incomes. ... [Read full article on BBC ]
Wednesday 19th of April 2017 01:31:06 PM
Total Trend count
30
Most trending on :
27 3
.... There should be a lifetime cap on fees for the individual. Their income tax could be reduced during the years a person was in care. ... [Read full article on Guardian ]
Monday 17th of April 2017 01:09:18 PM
Total Trend count
18
Most trending on :
16 2
.... . Earnings before income tax climbed 13% year-on-year to 376m euros (£314m), while sales were up 7% at 3. ... [Read full article on BBC ]
Wednesday 19th of April 2017 07:04:29 AM
Total Trend count
16
Most trending on :
14 2
. Philip Hammond has given a strong hint that the Conservatives may ditch their pledge not to raise VAT, national insurance or income tax, saying the flagship 2015 policy had constrained his ability to manage the economy. ... [Read full article on Guardian ]
Friday 21st of April 2017 12:58:04 PM
Total Trend count
8
Most trending on :
6 2
.... Instead, he gave out a mammoth £40bn in tax cuts to business and the better-off, in needless capital gains cuts and in this month’s new £1m inheritance tax threshold. His craftiest tax cut was in the popular raising of income tax thresholds labelled as helping the low-paid, though three quarters of the phenomenal cost goes to rewarding higher earners. ... [Read full article on Guardian ]
Thursday 20th of April 2017 10:47:41 AM
Total Trend count
2
Most trending on :
2

Latest Finance News related to Income Tax

Philip Hammond signals ditching of Tory 'no tax rise' pledge image
Source : Guardian [Read Article] Friday 21st of April 2017 12:58:04 PM
. Philip Hammond has given a strong hint that the Conservatives may ditch their pledge not to raise VAT, national insurance or income tax, saying the flagship 2015 policy had constrained his ability to manage the economy. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... Instead, he gave out a mammoth £40bn in tax cuts to business and the better-off, in needless capital gains cuts and in this month’s new £1m inheritance tax threshold. His craftiest tax cut was in the popular raising of income tax thresholds labelled as helping the low-paid, though three quarters of the phenomenal cost goes to rewarding higher earners. ...
Reality Check image
Source : BBC [Read Article] Wednesday 19th of April 2017 01:31:06 PM
....Reality Check verdict: The government is very reliant on richer people for its funding. More than a quarter of income tax is paid by the 1% of taxpayers with the highest incomes. ...
Dulux owner reports 'record performance' image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:04:29 AM
.... . Earnings before income tax climbed 13% year-on-year to 376m euros (£314m), while sales were up 7% at 3. ...
Care homes charging for rooms after residents die, watchdog finds image
Source : Guardian [Read Article] Monday 17th of April 2017 01:09:18 PM
.... There should be a lifetime cap on fees for the individual. Their income tax could be reduced during the years a person was in care. ...
Five pension tax mistakes that could hit YOUR nest egg image
Source : Daily Express [Read Article] Friday 14th of April 2017 06:01:00 AM
....4. Taking tax free cash when you don’t pay taxFor anyone under the current personal income tax allowance of £11,500 for 2017/18, it may not make sense to take tax-free pension cash if the allowance hasn't been used up. ...
UK inflation stays at three-year high of 2.3% image
Source : Guardian [Read Article] Tuesday 11th of April 2017 10:42:20 AM
....The Treasury said it was also taking action. “We are building an economy that works for everyone and helping families with the cost of living by cutting income taxes for 31 million people, freezing fuel duty and increasing the national living wage to £7. ...
Government 2.2% savings bond goes on sale image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:00:16 AM
....Two years ago, so-called pensioner bonds offered a return of up to 4%. The interest will be subject to income tax, although basic rate taxpayers can earn £1,000 a year in savings interest without paying tax. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... Their attempt to replace an imperfect but popular law with a pseudo-reform that would deprive more than 24 million Americans of basic healthcare was bound to fail – or sink Republican members of Congress in the 2018 midterm elections if it had passed. Now Trump and congressional Republicans are pursuing tax reform, starting with corporate taxes and then moving on to personal income taxes, as if this will be any easier. ...
Greece agrees basic terms to unlock delayed bailout image
Source : BBC [Read Article] Friday 7th of April 2017 03:14:32 PM
.... . The main elements in the latest agreement are commitments to reduce spending on pensions from 2019 and to collect more income tax from 2020 by lowering the tax-free threshold. ...
Landlord tax changes come into effect TODAY: 'Renting will be more expensive', say critics image
....Two-thirds of landlords plan to increase rents as tax relief for mortgage interest is cut by the Government, research from the Residential Landlords Association (RLA) showed. Relief on borrowing costs has been reduced to the basic rate of income tax, and over the next three years cut to zero, which will erode returns for landlords and discourage property investment, said the trade group. ...
Lifetime ISA: Everything you need to know about the new LISA savings account  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 12:55:00 PM
....If you are buying outside of London, you can also use the Lifetime ISA for properties up to the value of £450,000, while Help to Buy has limits of up to £250,000 outside of the capital. Is it better to use a LISA or pension scheme to save for retirement?A benefit of the LISA is that all savings can be taken tax-free compared to pensions where only 25 per cent of savings can be taken before income tax must be paid. ...
Welfare shakeup 'will push a quarter of a million children into poverty' image
.... It is expected to save £1bn a year for the Treasury by 2021. Also coming this week is a freeze to working age benefit levels at a time when, according to the Resolution Foundation, the wealthiest will benefit from over £2bn a year in income tax cuts. ...
Black market image
Source : BBC [Read Article] Saturday 1st of April 2017 11:30:24 PM
....Tea was one of the most important items illegally brought into Britain in the 18th Century - everybody wanted to drink it, but most could not afford it at the official price. In an age before income tax, tea duties accounted for 10% of government revenues, which was enough to pay for the Royal Navy, but as tariffs on it reached 119% it gave smugglers their chance. ...
Osborne’s huge tax giveaway starts for rich – as the poor are hit image
Source : Guardian [Read Article] Saturday 1st of April 2017 11:05:38 PM
....The richest will reap 80% of the rewards from the tax and benefit changes that start to come into effect this week, while the poorest will become worse off, according to detailed analysis by the Resolution Foundation. The independent thinktank’s research shows that the effect of £2bn of income tax cuts and more than £1bn of welfare cuts will add up to a huge transfer of wealth from low- and middle-income households to richer ones. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
.... But this interest relief is being slashed from the current 100% to zero, the change being phased in gradually between April 2017 and April 2020. What will happen instead is that the income tax on someone’s property profits and any other income sources will be totted up, and they will then be granted a “tax credit” worth 20% of the mortgage interest cost to offset against income tax. ...
Why Scott Morrison needs to ignore armchair treasurers before the budget | Greg Jericho image
....But as do footy coaches, treasurers also have to deal with armchair experts – those who played in years past and who still think the old ways are the best. Morrison has no shortage of advice from those on his side of politics such as former Howard government adviser, Niki Savva, who this week suggested the way to tackle housing affordability was to dump the $40bn worth of company tax cuts and instead cut income taxes. ...
Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
....Almost without exception these places have no taxes on wealth, so inheritance taxes and capital gains taxes are absent. Some tax havens, such as Singapore, Jersey and Guernsey, have income taxes, even if top rates rarely exceed 20%. ...
Why robots should be taxed if they take people's jobs | Robert Shiller image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:18:12 AM
....Discussion of a robot tax should consider what alternative we have to deal with rising inequality. It would be natural to consider a more progressive income tax and a “basic income”. ...
Eight tax changes savers should watch out for from April 2017 image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 01:47:00 PM
....     Corporate bond funds change to paying gross interest. The Personal Saving Allowance (PSA) allows basic rate taxpayers to earn up to £1,000 in savings income tax-free, while higher rate taxpayers can earn up to £500. ...
U-turn over Budget plan to increase National Insurance image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:30:48 PM
....Labour's Jeremy Corbyn said the U-turn showed a government "in chaos". Mr Hammond had faced a backlash by Conservative backbenchers last week, who accused him of breaking a general election manifesto commitment not to put up National Insurance, income tax or VAT. ...
Philip Hammond defends scrapping national insurance rise for the self-employed image
....Both the Treasury and No 10 insisted the decision, which leaves a £2bn hole in the chancellor’s budget plans over the next five years, had been taken jointly by May and Hammond. But at Westminster on Wednesday night some MPs insisted May had ordered her chancellor to drop the plans, fearing that breaking the party’s manifesto pledge to make “no increases in VAT, national insurance contributions or income tax”, would do too much damage to the Conservatives’ reputation. ...
Donald Trump's 2005 tax return leak reveals $38m bill image
Source : BBC [Read Article] Wednesday 15th of March 2017 02:38:18 AM
....The bill comprises $5. 3m in federal income tax and an extra $31m in what is called alternative minimum tax (AMT). ...
Pension tax warning: Savers in 'last chance' to use extra relief allowance before April 5 image
....People approaching retirement typically try to add as much as possible to nest eggs to benefit from tax relief. The annual contribution allowance has been reduced in recent years and is now capped at between £10,000 and £40,000, dependent upon income tax rates. ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
.... But it would still leave an expanded pool of independent workers, low-paid and effectively self-insuring against sickness and maternity leave. In the long run, although Hammond’s tax grab is a bad idea, they should contribute more via NICs, get a form of social insurance in return, and fewer income tax breaks. ...
Savers and Pensions: How the Chancellor's spring BUDGET plans can affect you  image
Source : Daily Express [Read Article] Sunday 12th of March 2017 03:23:00 PM
....”. Also from the start of the new tax year, the personal allowance for England, Scotland, Wales and Northern Ireland climbs to £11,500, above which income tax is 20 per cent. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... Underlying it all is the Conservative party’s obsession with shrinking the size of the state and minimising the so called “tax burden” – a “burden” which helps to ensure we have decent hospitals, schools and infrastructure generally. There can be little doubt that, on his own terms, the decision of Chancellor Lawson in the 1988 budget to bring the top rate of income tax down from 60% to 40%, and the basic rate from 27% to 25%, was what is known in the trade as a “game changer”. ...
Budget 2017: Self-employed 'tax raid' a 'rookie error' image
Source : BBC [Read Article] Saturday 11th of March 2017 09:22:56 AM
....Chancellor Philip Hammond's "tax raid" on the self-employed in the Budget has been described as a "rookie error" by former Tory chancellor Lord Lamont. He told the BBC the Conservative election pledge not to increase National Insurance, income tax and VAT was a "mistake". ...
MPs not appeased by May's decision to review self-employed tax hike image
Source : Guardian [Read Article] Friday 10th of March 2017 06:48:53 PM
....David Cameron was also dragged into the row, after a video clip from Thursday’s Iraq and Afghanistan memorial unveiling appeared to show him saying to the defence secretary, Michael Fallon: “Breaking a manifesto promise, how stupid can you get?”. But some MPs blamed Cameron and his chancellor, George Osborne, for making the sweeping pledge not to raise national insurance and income tax, come what may, as they approached the 2015 general election. ...
It’s not true that the top 1% pay 27% of tax | Letters image
Source : Guardian [Read Article] Friday 10th of March 2017 06:14:35 PM
.... No – this is wrong. The top 1% of earners pay 27% of income tax, but income tax raises just 27% of the UK’s total tax revenue. ...
Landlord tax: How to beat new buy-to-let charges coming in NEXT month  image
Source : Daily Express [Read Article] Friday 10th of March 2017 04:44:00 PM
. Buy-to-let returns are set to be eroded as mortgage interest tax relief is reduced to the basic rate of income tax over the next four years. ...
Trump faces formidable institutional obstacles – so what can he do? | Barry Eichengreen image
.... He has quickly discovered, like previous US presidents, that America’s political system is designed to prevent rapid, large-scale change, by interposing formidable institutional obstacles, from the Congress and career civil servants to state governments and the courts. Start with reform of personal income tax. ...
May defends 'fair' National Insurance rise amid criticism image
Source : BBC [Read Article] Thursday 9th of March 2017 08:28:31 PM
...." . The Conservatives' last general election manifesto explicitly ruled out rises in National Insurance, VAT and income tax during the lifetime of the current Parliament. ...
May and Hammond face serious Tory revolt over tax on self-employed image
Source : Guardian [Read Article] Thursday 9th of March 2017 04:59:51 PM
....One of these who is understood to have expressed private worries about the proposal is a cabinet minister. The concerns centre both on the perception that such a move unfairly targets the self-employed and entrepreneurial, and also that the 2015 Conservative manifesto specifically ruled out rises to income tax, VAT or NICs before 2020. ...
The shameless Tories have betrayed the self-employed – and themselves | John Harris image
.... And this one does, in spades. First of all, as proved by Hammond’s painful media rounds the morning after the budget, no amount of dissembling can disguise the fact that the NI hike is a brazen breaking of a 2015 Tory manifesto – “We can commit to no increases in VAT, income tax or national insurance” – which blurred out into no end of rhetoric about how the mere idea of pushing up national insurance was the stuff of economic calamity. ...
Institute for Fiscal Studies backs National Insurance increase image
Source : BBC [Read Article] Thursday 9th of March 2017 01:00:13 PM
....He said it was never sensible to pledge no change to taxes: "These were silly pledges. To commit yourself to not raising the three main taxes - income tax, NI and VAT - ties your hands to an absurd extent. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....The chancellor’s attempt at a low-key package threatened to be overshadowed by a row over whether the plan to bring NICs for the employed and self-employed into line would both stifle enterprise and break a commitment made by David Cameron in 2015. The Conservatives vowed there would be no increases in income tax, VAT or NICs for the duration of the 2015-2020 parliament and during the last election campaign senior Tories accused then Labour leader Ed Miliband and his shadow chancellor, Ed Balls, of plotting to raise NICs, “hitting hard-working taxpayers and costing jobs”. ...
Few will spot the difference in national insurance – at first | Patrick Collinson image
....But few expect him to tackle another anomaly in our tax system that grows worse year by year. Successive chancellors love to say how many millions of people they have lifted out of income tax, with Hammond reiterating that the threshold will rise to £12,500 in this parliament. ...
What the 2017 budget means for you image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:18:09 PM
.... Income £11k. 2016-17 The tax-free threshold was £11,000, meaning he paid no income tax as his earnings were within the current personal tax allowance. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
....A Labour spokesman condemned what he called a “sole traders tax” – though the Treasury pointed out that the changes would only hit those whose profits exceeded £8,000, and many of those were due to benefit from a separate change due to take effect in April, which will see class two NICs, also paid by the self-employed, abolished. The Conservatives’ 2015 manifesto promised four times that the party would “not increase the rates of VAT, income tax or national insurance in the next parliament”. ...
Budget: Does NI rate rise break a pledge? image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:04:52 PM
....Chancellor Philip Hammond has announced increases in the rate of National Insurance paid by self-employed workers. But in the Conservative Party's manifesto for the 2015 general election, it promised: "We will not raise VAT, National Insurance contributions or income tax". ...
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....”. However, the increase has triggered criticisms that the Conservatives are reneging on a 2015 manifesto pledge that committed the government “to no increases in VAT, income tax or national insurance” – while the reception from the business community was less than positive. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
.... . The reduction in the allowance will increase the income tax payable on dividends for basic, higher and additional rate tax payers by £225, £975 and £1,143 respectively, according to experts. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
....As expected, £11,500 for basic rate taxpayers. RM: This is a continuation of the Conservative-Liberal Democrat coalition government’s trend of raising the personal allowance to reduce income tax paid for all but the very highest earners. ...
Isa savers frozen out as rates hit a new low image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 08:13:00 AM
....” . Cash Isas have been hit by the new personal savings allowance that lets basic rate taxpayers earn £1,000 in savings interest outside an Isa before paying income tax. ...
Budget will hold no big surprises on spending or tax, chancellor says image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:33:22 AM
.... Treasury sources indicate that the chancellor will adjust the complicated business-rate capping regime to make life easier for the worst-affected, but will refuse calls for a complete rethink. Income taxThe government wants to raise the income tax personal allowance to £12,500 and the higher-rate threshold to £50,000 by the end of this parliament. ...
Budget 2017: £2bn for social care and tax rise for self-employed image
Reality Check image
Source : BBC [Read Article] Tuesday 7th of March 2017 01:31:56 AM
.... . There have been gradual falls in revenue from income tax, for example, as the amount people have to be earning to pay it has been increasing. ...
Hammond urged to tackle 'catastrophic' effect of rising inflation image
Source : Guardian [Read Article] Monday 6th of March 2017 01:13:37 PM
. Philip Hammond is being urged to scrap cuts to inheritance, corporation and income tax in order to plough money into benefits, as figures reveal the extent to which living standards are going to be squeezed by rising inflation. ...
Budget 2017: The misplaced confidence of the British consumer image
....His priority has been to cut spending even if it harms other priorities, such as supporting low-income working families. Budget measures have helped such families pay less income tax. ...
Greece desperate for growth strategy as public mood darkens image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:54:18 PM
.... Last week, the Cologne Institute for Economic Research said poverty in thrice-bailed out Greece had jumped 40% between 2008 and 2015, by far the biggest leap of any European country. Tsipras has been told he will have to enforce labour market reforms and further pension and income tax cuts if Greece is to realistically achieve a primary surplus of 3. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
....At that point it becomes much harder for Hammond and his fellow ministers to hide behind the happy headlines of faster growth and lower borrowing. That is because the kind of distributional analysis by the IFS and other thinktanks lays bare how a change such as raising an income tax threshold can mean a windfall for some but make no difference to others. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....Now buy-to-let could be blown away for good, hurting thousands of older savers who were planning to buy a rental property to bolster their pension income. Currently, landlords pay income tax on rental earnings after mortgage interest payments (and other costs) have been deducted. ...
Seven things we already know will happen in the 2017 spring budget image
Source : Guardian [Read Article] Saturday 4th of March 2017 06:59:08 AM
....Few expect a dramatic budget on Wednesday, with Philip Hammond likely to keep cash in reserve to resuscitate the economy if it tanks post-Brexit. But because chancellors have a habit of pre-announcing policies long before they happen, we already know the major changes in income tax, national insurance, tax credits and welfare benefits that come into effect on 6 April. ...
Low key Budget?  image
Source : BBC [Read Article] Saturday 4th of March 2017 01:17:34 AM
.... Others were outlined by Mr Hammond in November's Autumn Statement and will also come into force in the spring. A number will lead to a notable change in the finances of those of working age - particularly a shift in the income tax threshold and the benefit freeze - while others target particular groups of people such as landlords. ...
London loses out in business rates revamp image
Source : BBC [Read Article] Saturday 4th of March 2017 12:07:28 AM
.... . In the 2004-5 tax year London's taxes - including income tax, corporation tax and stamp duty - accounted for 25% of Britain's overall tax revenue. ...
UK Tax changes: What you need to know about child care, income tax and non-doms image
...
Related to :
New Lifetime ISA launched in April: Should you use it to boost retirement savings?  image
.... Savers tendency to opt for cash in ISAs over investments, could also mean diminished returns over the long term, compared to pensions. However, a benefit of the lifetime ISA is that all savings can be taken tax-free compared to pensions where only 25 per cent can be taken before income tax must be paid. ...
Business group calls for change to schemes giving tax breaks to 'select few' image
Source : Daily Express [Read Article] Thursday 2nd of March 2017 12:01:00 AM
.... . The organisation says the schemes allow executives to buy heavily discounted shares without having to pay income tax or national insurance. ...
Universal credit cuts hit families with children hardest, study finds image
Source : Guardian [Read Article] Wednesday 1st of March 2017 10:00:46 AM
.... “Starting work is the best way for people to improve their lives,” he said, “and this report mistakenly assumes that people on benefits will never progress in work. “The number of children living in working households is at a record high and by increasing the national living wage and taking millions of people out of paying any income tax, we are ensuring it always pays to be in work. ...
State pension age will be higher than life expectancy if 'triple lock' not axed, say MPs image
....8 per cent of GDP a year, according to research commissioned by the committee. That would be a real terms reduction £15billion at today's prices, the equivalent to 4p on the basic rate of income tax. ...
State pension age 'could rise above lifespan' in poorer areas, say MPs image
....8% of GDP (Gross Domestic Product) a year. That would be a real terms reduction of £15bn at today's prices, the equivalent to 4p on the basic rate of income tax, it said. ...
Trump's Treasury Secretary targets tax reform 'by August' image
Source : BBC [Read Article] Thursday 23rd of February 2017 05:37:58 PM
....President Trump has promised to announce a "phenomenal" plan to reform the US tax system by early March. "We are committed to pass tax reform, it will be very significant, it's going to be focused on middle income tax cuts, simplification and making the business tax competitive with the rest of the world," Mr Mnuchin told CNBC. ...
German budget surplus highest since 1990 image
Source : BBC [Read Article] Thursday 23rd of February 2017 02:29:14 PM
.... . The office said the main factors improving revenues were the large increase in income tax and property tax payments as well as the "good employment situation", which led to a "considerable growth" in social contributions. ...
Greek debt: will EU and IMF finally offer light at the end of the tunnel? image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:00:27 AM
.... One of the IMF’s key demands is an overhaul of the Greek tax system to ensure more middle-class professionals pay their dues. More than 50% of Greek wage earners do not pay income tax, compared with 8% in the rest of the eurozone. ...
Why the Bank of England won’t raise interest rates any time soon image
Source : Guardian [Read Article] Saturday 18th of February 2017 05:00:07 PM
....George Osborne’s reforms allowed people aged 55 or older to empty their pensions, turn long-term savings into cash and splash it about like champagne-spraying Formula One drivers. Around £9bn has been extracted and spent in this way, giving the economy a boost akin to a 1p cut in the basic rate of income tax. ...
Will we pay higher stamp duty on a buy-to-let property? image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:10:19 AM
.... On a property costing £220,000, which is not replacing your main residence, you will face a stamp duty bill of £8,500, which is £6,600 more than the tax at the standard rate. You will also have to pay income tax at your highest rate on your share of the rental income, plus capital gains tax (CGT) if you sell the property for more than you paid for it, and possibly inheritance tax (IHT) because the property will form part of your estate on your death. ...
The baby boomers have enjoyed the good times – now a tax hike is due | Phillip Inman image
....Perhaps the answer lies in an extension of national insurance beyond retirement , a care tax, or more transparently a separate tax regime for those who become eligible for the state pension. In short, pensioner income tax bands. ...
What is an ISA? How to save money with an ISA? Advice and tips image
Source : Daily Express [Read Article] Thursday 9th of February 2017 05:00:00 PM
.... . “With a SIPP, contributions qualify for income tax relief of up to 45%, which means a £10,000 investment could cost as little as £5,500. ...
Plan ahead to ease burden of death tax image
Source : Daily Express [Read Article] Wednesday 8th of February 2017 12:01:00 AM
....” . Unused pension can be passed on free of IHT, although beneficiaries may pay income tax on it if you die after age 75. ...
UK tax burden will soar to highest level for 30 years, warns IFS image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:00:11 AM
....Hammond said in the autumn statement last year that he was able to find funds to bolster public investment spending back above pre-crisis levels, with much of the extra cash to be spent on transport infrastructure. The chancellor also said the government still planned to pay for large giveaways in the form of a higher income tax personal allowance at the basic and higher rate. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....From April 2017, however, non-doms will lose some of their advantages and foreign nationals will no longer be able to enjoy tax breaks indefinitely in the UK. Those resident in the UK for 15 out of the previous 20 years will be liable for inheritance, capital gains and income tax on their worldwide assets. ...
Alarm bells ring over raids on pension pots image
Source : Daily Express [Read Article] Wednesday 1st of February 2017 12:01:00 AM
.... . Patrick Connolly, certified financial planner at Chase de Vere, said while you can take 25 per cent of your pension free of tax, the rest is liable for income tax. ...
UK faces return to inequality of Thatcher years, says report image
Source : Guardian [Read Article] Tuesday 31st of January 2017 11:26:31 PM
....A spokesperson for the Treasury said: “Living standards reached their highest ever level in 2015, and are forecast to be higher still by the end of the parliament. “Millions of people are taking home more of what they earn thanks to the government’s actions to reduce income tax bills and introduce the national living wage. ...
Tax return DEADLINE: Millions urged to act TODAY to avoid £100 fine  image
Source : Daily Express [Read Article] Friday 27th of January 2017 04:14:00 PM
....uk. "There is lots of free advice available to help guide people through the process, including a free income tax calculator from consumer campaign group Which? that will help show how much you owe. ...

Page rendered in 2.0150 seconds.