tax

Retirees can look forward to £26k tax-free cash

Tuesday, 20 June 2017 | News

More than half of people (54%) approaching retirement plan to take the 25% of their pension pot that they are permitted to take as tax free cash, according to Aegon’s latest UK Readiness Report.

Ask the Experts: Can I gift £10,000 tax-free to my niece for her first home?

Thursday, 15 June 2017 | Question and Answer

I have £10,000 that I would like to give to my niece to help her buy her first home. However, I don’t want to burden her with inheritance tax if I die in the next few years.

Ask The Experts: Can I take cash out of a small pension pot without paying much tax?

Friday, 26 May 2017 | Question and Answer

I am trying to decide if I should withdraw my entire pension pot of £26,000 in spite of the tax bill of about £4,000 to £5,000.

How to reclaim tax on pension withdrawals

Tuesday, 23 May 2017 | Article

Two years after the introduction of the pension freedoms, tens of thousands of over 55s have failed to reclaim overpaid tax on their withdrawals. We explain how to do it.

What's the best way to gift my daughters £3,000? Can I split it between them?

Monday, 15 May 2017 | Question and Answer

I know that I am allowed to gift £3,000 each tax year without it being liable for inheritance tax (IHT). I have three daughters and I would like to know how I go about splitting the money.

Small business owners urged to check tax relief eligibility

Friday, 28 April 2017 | News

Small business owners could be missing out on thousands of pounds of unclaimed tax relief and are being encouraged to check whether they can claim with their commercial property.

Minimise your tax bill with 10 tax saving tips

Tuesday, 17 January 2017 | Article

With many expecting inflation to rise this year, it wouldn’t be a bad idea to think about how you can make your money go further at the final hurdle – the taxman.

Men more likely than woman to complete their tax return on time, says HMRC

Wednesday, 11 January 2017 | News

Men are more likely than women to complete their tax return by the 31 January deadline, according to new analysis of the 2013/14 tax year revealed today by HM Revenue and Customs (HMRC).

How to cut your income tax bill on earnings from £10,000 to £200,000

Thursday, 03 November 2016 | Article

Most of us pay tax on everything from our income and company benefits to our weekly shopping and holidays.

Buy to let investors’ legal challenge against tax hike blocked

Thursday, 06 October 2016 | News

A legal challenge from private landlords to block incoming changes on mortgage tax relief has been rejected by London’s High Court.