What are Capital Gains? and Why You May Be Paying Too Much Tax!

Did you know that you could earn up to £26,000 from your investment income without paying a penny of tax! (or £36, 000 if you include your personal allowance of £10,000). If you didn’t, read on to find out more. Most people know that you can make tax free investments of up to £15,000 a …

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What the 2014 Autumn Statement means for you?

With the Autumn Statement coming out this past Wednesday, I thought this would be a great time to summarize the different taxes changes that will affect you. Personal Tax Personal Tax Allowances 2015-2016 From 6 April 2015 the Income Tax personal allowance will increase from £10,000 to £10,600.This essentially means that you will be £120 better …

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Know your Taxes!

As this is the first tax related post on this site, we here at Money Grower thought it best to give an introduction on the various types of taxes you will be paying throughout your life. The taxes you pay will vary depending on where you live. For that reason, you may want to look …

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