Despite the efforts of HMRC, there is still a possibility to use your home for inheritance tax planning. One option for this is to use an equity release scheme. This can be in the form of a loan or a sale and lease back. However, there are advantages and disadvantages of each. Having the largest part […]
There had been many changes to the HMRC’s guidance for those with fixed income protection. According to the rules that were in existence before, individuals with a protected lifetime allowance of £1.8m who were enrolled into a scheme a gainst their wishes, when commencing work with a new employer, faced losing their increased allowance under HMRC’s […]
The tax calculator can be used to estimate the amount of income tax and national insurance contributions you can expect to pay on your income and find out how this money gets spent by the Government. It is aimed at people who pay tax through Pay as You Earn.