End of year tax planning: Use your allowances before 5 April 2021
The UK tax year ends on 5 April and so February and March can provide a last-minute chance to save some tax with a bit of careful planning.
Fines and penalties for not completing your Self Assessment tax return
The 31 January Self Assessment tax return deadline is fast approaching. What are the financial implications if you miss the deadline?
Invest into a pension for your children
Children born this year could become millionaires by their 43rd birthday if their families contribute to a pension for the first 18 years of their lives.
End of year tax planning
Although the tax year-end is not until 5 April, between now and 5 April, you have the opportunity to save some tax with some careful planning. Here are our top tips on how to best utilise your allowances before the end of the tax year. Top up your pension pot The...Can I claim Gift Aid by donating Christmas presents?
If you receive unwanted Christmas presents this year, can you save some tax by donating them to charity and claiming Gift Aid?
Annual Investment Allowance (AIA) decreases from £1M to £200K from January 2022
The Government has announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.
