Scotland UK Excluding Scotland Taxable Income £ Tax Rate % Band Name Taxable Income £ Tax Rate % 0-2,000 19 Starter N/A N/A 2,001-12,150 20 Basic 0-34,500 20 12,151-32,423 21 Intermediate N/A N/A 32,424-150,000* 41 Higher 34,500-150,000* 40 Over 150,000* 46 Top/Additional Over 150,000* 45 * If earnings exceed £100,000 the Personal Allowance is […]
An HMRC paper promised in the Budget could be bad news if you use Airbnb. The government has set out a call for evidence relating to rent-a-room relief in response to the rise in short term rentals facilitated by Airbnb and its competitors. Rent-a-room relief is typical of some of the neglected parts of the […]
The government has published a review on automatic enrolment in workplace pensions which makes important proposals for employers. Automatic enrolment of employees in workplace pensions has been a greater success than many predicted when it was introduced in October 2012. To date over nine million employees have been automatically enrolled into a workplace pension and […]
The US central bank increased interest rates again in December. While the Bank of England managed just one interest rate rise in 2017, to end the year at 0.5%, its counterpart in the US notched up three increases, finishing at 1.25%-1.50%. The trio of Federal Reserve increases were all well telegraphed, so much so that […]
Index 2017 Change FTSE 100 +7.6% FTSE All-Share +9.0% Dow Jones Industrial +25.1% Standard & Poor’s 500 +19.4% Nikkei 225 + 19.1% Euro Stoxx 50 (€) + 6.5% Shanghai Composite +6.6% MSCI Emerging Markets (£) +22.7% The world’s share markets were a profitable place to be in 2017. 2017 had its fair share of dramas. […]
Being aware of a few key financial facts can help ensure we all make the best use of our money and tax allowances. How much you can save into your ISA The ISA allowance for 2017–18 is £20,000. Don’t pass up this important opportunity to save or invest tax-efficiently. We can help you choose the […]
