The government plans to merge two financial bodies in an attempt to provide a more accessible financial guidance service. The two services they plan to combine are The Pensions Advisory Service (TPAS) and the Money Advice Service (MAS) and they predict this will happen as of April 2018. The two services are currently free for […]
You may remember that a Marriage Allowance was introduced in 2015 which means that one half of a married couple can transfer part of their tax-free allowance to the other, providing one partner is earning £11,000 or less, and the other is paying only Basic Rate Tax. If this sounds like your situation, then by […]
This month’s book is The End of Average: How to Succeed in a World that Values Sameness by Todd Rose. In this easy-to-read and interesting book, Todd explains how the concept of average generates problems. For example, he explains about the US fighter planes that were designed for the “average size pilot” which resulted in […]
HMRC have signalled that they plan to ramp up penalties for offshore tax evaders as there seem to be more and more cases of tax evasion reported throughout the media. From October this year, HMRC will collect more data from places such as the Isle of Man, Guernsey, Jersey and other overseas territories where investors […]
So it’s that time again! Now, it’s very rare to find anybody who actually likes completing their tax return, so when it arrives in the post you look at it, think “I’ll do that later, it’s not due for ages”, put it in “the drawer” – and it never sees the light of day again. […]
How often do you pause to think about your pension plan? Are you saving enough for a comfortable retirement, or will your standard of living fall? Are you missing out on valuable tax relief on pension contributions? These are mistakes you should avoid at all costs. Thinking you’ll get by on your state pension Although […]
