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Tax Card 2022/23
- 25th February 2022
- Posted by: shayne
- Category: Tax
No CommentsINCOME TAX ALLOWANCES 2022/23 2021/22 Personal allowance* £12,570 £12,570 Personal savings allowance Basic-rate taxpayer Higher-rate taxpayer Additional-rate taxpayer £1,000 £500 £0 £1,000 £500 £0 Dividend allowance at 0% £2,000 £2,000 Marriage/civil partner transferable allowance** £1,260 £1,260 Trading and property allowance*** £1,000 £1,000 Rent-a-room allowance £7,500 £7,500 Blind person’s allowance £2,600 £2,520 * The personal allowance
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Wealth Knowledge – February 2022
- 4th February 2022
- Posted by: shayne
- Category: Wealth Knowledge
Omicron fears save consumers £4bn last Christmas Consumers reportedly saved a total of £4 billion at the end of last year, amid concerns over the spread of the Omicron variant of COVID-19. The identification of the new variant and the subsequent surge in positive cases caused many to put festive plans on hold late last
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The effects of rising inflation in 2022
- 3rd February 2022
- Posted by: shayne
- Category: Inflation
Understanding your options to beat soaring prices. If there’s one thing we know isn’t going away this year it’s the problem of rising inflation. It’s not just the UK who has to cope with rising inflation; it’s a growing issue across much of the developed world. Put simply, COVID-19 is to blame as the economic
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Help-to-buy ISA: What’s your next option?
- 2nd February 2022
- Posted by: shayne
- Category: Savings & ISAs
Alternatives to make your money work harder. A few years have passed since the help-to-buy ISA closed to new applicants on 30 November 2019. Since its launch in December 2015, the scheme offered over-16s a way to save a deposit to help take their first steps on the property ladder. People could kick start their
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Year-end tax guide 2021/22
- 28th January 2022
- Posted by: shayne
- Category: Year End Tax Guide
How to use this guide Throughout 2021/22, COVID-19 has continued to dominate. Millions of employees and directors on payroll were furloughed, and the self-employed continued to rely on grants available via the income support schemes. Arranging your financial affairs as tax-efficiently as possible before the start of the new tax year on 6 April 2022
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Wealth Knowledge – January 2022
- 12th January 2022
- Posted by: shayne
- Category: Wealth Knowledge
One in four buy-to-let landlords plan to sell up in 2022 Almost a quarter of landlords plan to sell up over the next 12 months as buy-to-let becomes increasingly difficult to navigate, a report has claimed. Research from the National Residential Landlords Association (NRLA) found that 23% of property investors intend to dispose of an
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How to avoid contactless card fraud
- 10th January 2022
- Posted by: shayne
- Category: News
Protecting against problems in a cashless society. The UK’s shift towards becoming a cashless society is well and truly under way, according to UK Finance, which said the number of payments made using notes and coins fell by 35% in 2020. Changes in spending habits were dramatically accelerated by the COVID-19 pandemic, with 13.7 million
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Utilising your pension to cut inheritance tax
- 7th January 2022
- Posted by: shayne
- Category: Inheritance Tax, Pension
Pensions usually fall outside of your estate. Inheritance tax was thought to be ripe for reform in last year’s Autumn Budget but, as it happened, it was left untouched for another tax year. What that means is the £325,000 nil-rate band has been in place since 2009, while the 40% standard rate of tax that