Pay less tax

Student working over the summer? How to reclaim overpaid tax

Students, like all others, have to pay tax on their earnings if they exceed £11,500 a year as of 6 April 2017.

Ask the experts: Am I entitled to tax relief now that I am married?

Thursday, 19 October 2017 | Question and Answer

You may be eligible for the Marriage Tax Allowance, which permits a spouse or civil partner who does not pay income tax to transfer up to £1,150 of their personal tax-free allowance to their partner.

One in four over 50s unsure of inheritance tax liabilities

Friday, 06 October 2017 | News

Over 50s are in danger of losing vast sums to the Treasury, due to a lack of understanding and preparation for their assets when they die.

Ask the Experts: "What’s the best way to gift £100,000 tax-free?"

Thursday, 21 September 2017 | Question and Answer

Individuals are able to benefit from the nil rate band, which currently stands at £325,000. This means that when they die the first £325,000 of the value of their estate isn’t liable to inheritance tax.

Ask the Experts: "Can I get a larger personal tax allowance because my spouse doesn't work?"

Monday, 11 September 2017 | Question and Answer

A personal tax allowance is just that, a personal allowance, and it cannot usually be transferred between spouses. However, there is an exception to this.

Ask the Experts: Will we pay tax if we give our son money to buy a property?

Friday, 11 August 2017 | Question and Answer

If you gift the money to your son, the only tax which could come into play is inheritance tax (IHT).

Rising property prices cause record inheritance tax payments

Monday, 31 July 2017 | News

Almost £5 billion was raised from inheritance tax (IHT) in the past financial year new government figures reveal - a record intake from the often controversial tax.

Ask the Experts: Will inheritance tax be due on my share of our house?

Tuesday, 04 July 2017 | Question and Answer

The residence nil-rate band is an allowance of up to £175,000, which is available for individuals who pass on a residence, which they have previously lived in, to direct descendants such as children or grandchildren.

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

Tuesday, 04 July 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.

Raising the personal allowance most popular election pledge among Moneywise users

Thursday, 08 June 2017 | News

Four in ten (42%) users say an increase in the personal allowance is the party manifesto pledge that will have the greatest positive effect on their finances.

Ask the Experts: What investments can I pick that will be exempt from capital gains tax?

Tuesday, 04 July 2017 | Question and Answer

I draw my income entirely from my investments, but I’m wondering what investment options there are that do not attract capital gains tax (CGT).