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NICs changes to start from January 6

NICs changes to start from January 6

NICs changes to start from January 6 Just a quick reminder that the reduction of Class 1 National Insurance Contributions (NICs) will begin on January 6, 2024. From this date, the amount paid on Class 1 NICs will fall from 12% to 10%. This is the main rate of NICs...

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Could you be better off by claiming Marriage Allowance?

Could you be better off by claiming Marriage Allowance?

Could you be better off by claiming Marriage Allowance? HMRC is encouraging those who are either married or in a civil partnership to check whether they could be up to £252 a year better off by claiming Marriage Allowance. It has launched a Marriage Allowance...

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Self-assessment deadline is looming again

Self-assessment deadline is looming again

Self-assessment deadline is looming again The start of the year is always the time when anyone who needs to file a self-assessment return should get their skates on if they haven’t filed yet. The deadline for filing your self-assessment is January 31, and anyone...

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Dealing with a debt hangover from Christmas? Do this.

Dealing with a debt hangover from Christmas? Do this.

Dealing with a debt hangover from Christmas? Do this. The festivities are over, all the food has been eaten, presents exchanged, and you will probably have already taken your Christmas decorations down. But for many people, the lasting legacy of Christmas isn’t...

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Christmas party with a gift of tax breaks

Christmas party with a gift of tax breaks

Christmas party with a gift of tax breaks Yes, it’s that time of year again! Christmas is on the horizon, and the office Christmas party planning will be in full swing for many companies across the UK. So, if you are planning a shindig for your employees, you...

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Big plans for private and State Pensions

Big plans for private and State Pensions

Big plans for private and State Pensions Pensions are set to have one of the biggest overhauls in recent memory, as the Chancellor also announced a consultation on plans that would bring significant changes to pensions in the UK. The biggest change would be a Lifetime...

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Autumn Statement NICs changes in detail

Autumn Statement NICs changes in detail

Autumn Statement NICs changes in detail The biggest tax cuts announced by the Chancellor in his Autumn Statement were in NICs, where self-employed people will no longer pay Class 2 NICs at all from April 6, 2024. Class 4 NICs will be reduced from 9% to 8% from the...

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Chancellor announces tax cuts and business boosts

Chancellor announces tax cuts and business boosts

Chancellor announces tax cuts and business boosts Chancellor Jeremy Hunt announced several tax breaks for individuals and businesses in this year’s Autumn Statement ahead of the General Election next year. While they will help to put a little more money back...

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