by Cristina Conea | Nov 5, 2023 | Contribution, Gretel, Income, Investment, Pension
Could you have money sitting in lost or forgotten accounts? The cost-of-living crisis is hitting many of us hard, no matter how well off we might be. But there are many people who have money sitting in lost bank or building society accounts, pensions or investments...
by Cristina Conea | Sep 3, 2023 | HMRC, Income, Tax
Deed of assignments won’t be treated as nominations for income tax The ability to legally assign an income tax repayment, or the right to an income tax repayment, to a third party has been removed by HMRC from March 15 this year, meaning any repayment will...
by Cristina Conea | Jun 5, 2023 | Benefits, Contribution, Income, Tax
Salary sacrifice is something you may have come across before but not fully understood. After all, why would anyone want to voluntarily give up some of their salary? The reality is that, in some instances, using salary sacrifice to get alternative benefits can reduce...
by Cristina Conea | Apr 2, 2023 | Allowance, Income, Tax
Higher earners have been dealt a blow after the Chancellor changed the level at which the 45% additional rate of tax applies from £150,000 to £125,140. The move takes effect in the 2023/24 tax year and brings the threshold in line with the point at which...
by Cristina Conea | Dec 2, 2022 | Allowance, Income, Pension, Tax
The 45% additional tax rate was briefly removed by Kwasi Kwarteng, then reinstated by Chancellor Jeremy Hunt, and in the latest twist, Mr Hunt announced that the point at which people would start paying this highest rate of tax would fall from £150,000 to...
