ISA 2021/2022 – Invest £20,000 Tax Free

Happy new tax year!   Well, I know what you are thinking, happy and tax should never be used in the same sentence! But in this case I can be forgiven for doing so. The start of the new tax year brings with it the opportunity to invest an amount up to £20,000 completely tax …

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What Date Should You Complete Your Self Assessment Tax Return By?

Taxes. Not many people like to pay them. But it is a regulatory requirement for every individual who earns income to pay tax on it. After all, tax is the price you pay for living in a civilised society. Every year, self employed individuals – as well as any person earning money outside their job …

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Do You Pay Tax On Accumulation Fund Units

  A question I get asked often is ‘do you pay tax on accumulation funds?’ The simple answer is yes, you need to pay tax on accumulation funds if they are held outside an ISA or SIPP (Pension) wrapper. You will need to pay income tax on any distributions and capital gains tax on any …

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Corporations Don’t Pay Corporate Tax – Individual Consumers Do

Having worked in the finance department of a multinational organisation,I assumed that it was common knowledge that individuals as opposed to companies foot the bill for Corporation Tax. But judging by my social media accounts over the past weeks, it seems that most of the public fail to realise this. I have heard arguments that …

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Take These Steps To Enjoy A Tax-Free Retirement

The thought of being hit with hefty taxes when you enter you reach retirement is a bitter pill to swallow. But there are ways to legally reduce taxes in your golden years. You can actually generate a six figure tax free income if you start planning early and make use of the tax wrappers and …

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