Pay less tax

The financial pros and cons of marriage

You may think that proposing to the one you love on Valentine’s Day is a smart financial move, as married couples benefit from several tax perks.

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Surrey pensioners pay most tax

Monday, 09 July 2018 | News

Surrey pensioners are paying £945 million in in tax every year, according to a Freedom of Information request from mutual insurer and pensions firm Royal London.

Does the tax-free savings allowance of £1,000 affect how much tax I pay when I cash in my unit trust?

Friday, 06 July 2018 | Question and Answer

I’m not sure what investment you hold but, based on your description, I don’t think you have a free-standing unit trust.

I’m giving my late husband’s property to my daughter. Will she pay CGT if she sells it?

Tuesday, 03 July 2018 | Question and Answer

Because you are receiving the property from the estate of your late husband, it would be free of Inheritance Tax (IHT) at the market value on the date of transfer.

A million couples missing out on £900 tax break

Friday, 29 June 2018 | News

One million couples are missing out on the marriage allowance, according to new figures released by the government. This amounts to as many as one in four eligible couples.

Is tax payable on money my parents give to their children?

Friday, 22 June 2018 | Question and Answer

What and how much your parents wish to give their children is completely up to them. But whenever money is given away, it is important to plan the gift to ensure it is tax free.

Can my husband transfer a property to me to help us save on taxes?

Friday, 15 June 2018 | Question and Answer

You can gift the beneficial ownership of a property from one spouse to another so that the rental income can be taxed on the spouse whose taxable income is lower.

What tax will apply on the gains from my mortgage endowment plan?

Friday, 11 May 2018 | Question and Answer

It is easy to be confused about the taxation of gains on life insurance policies, as the rules are complex and vary from one type of policy to another.

I'm retired. If I earn over £1,000 in interest, will I have to pay income tax?

Tuesday, 08 May 2018 | Question and Answer

Back in April 2016, the Personal Savings Allowance was introduced, which allows savers to earn tax-free interest each year on their savings.

Call to scrap inheritance tax as 'unfit for Modern Britain'

Thursday, 03 May 2018 | News

Inheritance Tax is unfair to families and should be scrapped, a think tank has urged. 

HMRC apologises over tax calculator error

Wednesday, 18 April 2018 | News

HMRC has bowed to pressure and taken down a website page which gave taxpayers incorrect information.