Under current rules, you can claim tax relief for your private pension contributions. The annual allowance for tax relief on pensions is £40,000 for the current tax year. There is a three year carry forward rule that allows you to carry forward any unused amount of your annual allowance from the last three tax years […]
The Corporation Tax main rate will increase to 25% from 1 April 2023 for companies with profits over £250,000. A Small Profits Rate (SPR) of 19% will also be introduced from the same date for companies with profits of up to £50,000 – ensuring these companies pay Corporation Tax at the same rate as currently. […]
The start of a new year is the peak time for jobseekers, but that also means that scammers crawl out of the woodwork to exploit unwitting victims. If you are looking around for a new job, there are a number of red flags you should be aware of. The Disclosure and Barring Service (DBS) is […]
Cheaper motoring is heading down the road with the announcement of a new scheme for smart charging of electric vehicles. The Electric Vehicle Smart Charging Action Plan, published by the Government and Ofgem, sets out steps being taken to seize on the significant potential of smart charging and make it the preferred method of long […]
It’s a sad fact of life that scammers love to take advantage of vulnerable people, but there are steps you can take to protect yourself. Making yourself and your loved ones aware of the tactics used by criminals is the first step to staying safe. Consumer champions Which? have helpfully put together a guide to […]
New energy bills support will give businesses a boost when it is introduced later this year. A new energy scheme for businesses, charities and the public sector has been confirmed ahead of the current scheme ending in March. The new plan will mean all eligible UK businesses and other non-domestic energy users will receive a […]
New legislation from HMRC that changes the way repayment agents are paid will better safeguard taxpayers and improve standards in the sector. The way taxpayers who use a repayment agent can receive overpaid tax will be adjusted to protect them and raise standards among repayment agents. Angela MacDonald, HMRC’s Deputy Chief Executive and Second Permanent […]
Prime Minister Rishi Sunak has made his new year pledges, including halving inflation and growing the economy. He listed his five immediate priorities when he gave his first speech of 2023, asking the public to judge him on the results. Not surprisingly, critics are, however, suggesting that the PM’s pledges are a little vague – […]
Millions of families will be starting the new year with the welcome news they will be receiving cost-of-living support. The lowest-income households across the UK will get up to £1,350 from the Government in 2023/4 to help with rising costs across energy and food bills. The new cost-of-living support will be paid from spring, following […]
Looking to get on the property ladder this year? A government support scheme has been extended until the end of the year, The Mortgage Guarantee Scheme, which has already helped 24,000 first-time buyers, will now run an extra 12 months, giving you more time to take advantage. The scheme, which was launched in April 2021, […]