You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid.
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.
As the cost of living crisis continues to bite, more than a million families will be receiving help from the first week of September.
Payments to support those struggling with the cost of living are starting to be paid into eight million people’s accounts from today. Read more…
Further changes to National Insurance Contributions (NIC) kick in from July this year and will be a welcome boost for most taxpayers who suffered an increase in April.
Many are feeling the impact of the increasing cost of living on their finances, with the inflation rate soaring to a 30 year high of 6.2 per cent in February. Read more…
Currently, the threshold for undergraduate loan repayments stands at £27,295 per year and will remain at this level from April 2022. As for post-graduate loans, the earning threshold will also remain the same, which is £21,000 per year. Read more…
Scammers posing as HM Revenues and Customs (HMRC) were rife in March 2021, with a staggering 79,477 calls reported. Read more…
Were you one of many UK holiday-goers whose trip got cancelled due to the pandemic? Read more…
More workers than ever are finding themselves getting close to or exceeding the higher rate tax bracket, recent figures have revealed. Read more…
