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.

Personal allowance boost is Moneywise users’ top Autumn Budget announcement

Friday, 08 December 2017 | News

A rise in the tax-free personal allowance was the Autumn Budget announcement most Moneywise.co.uk users’ were pleased to see.

‘Common law marriage’ myth leaves cohabiting facing financial hardship

Thursday, 30 November 2017 | News

Couples who prefer not to get married when they set up home could suffer financial difficulties if they don’t have an up-to-date will, according to a leading law firm.

Moneywise users update wills after important milestones, but a third don’t have one

Monday, 27 November 2017 | News

Nearly three in 10 (29%) Moneywise.co.uk users plan to review or update their wills after important milestones, the results of our latest poll reveal.

Autumn Budget 2017: £400 increase in capital gains tax allowance

Thursday, 23 November 2017 | News

The annual capital gains tax (CGT) allowance will increase to £11,700 for the 2018/19 tax year.

Autumn Budget 2017: Government to fix student loans overpayment issue

Wednesday, 22 November 2017 | News

The government is to change the student loans repayment system to prevent graduates from being overcharged after they have paid off their student loan.

Autumn Budget 2017: Tax break for married couples extended to widows and widowers

Wednesday, 22 November 2017 | News

The marriage allowance is to be extended to widows and widowers, it’s been revealed in today’s Budget document.

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.