Tax-Free Childcare
Posted on Friday, May 16th, 2014
Details of the new Tax-Free Childcare scheme which is to be launched in autumn 2015 have been announced. The scheme will be worth a maximum of £2,000 per child per year. The maximum amount due is calculated... Read Full Article...
Changes to the ISA regime
Posted on Friday, May 16th, 2014
From 6 April 2014 the overall ISA savings limit will be increased from £11,520 to £11,880 of which £5,940 can be invested in cash. From 1 July 2014 ISAs will be reformed into a simpler product, the... Read Full Article...
Savings band and rate for 2014/15
Posted on Friday, May 16th, 2014
The Chancellor announced changes to the maximum amount of an eligible individual’s savings income that can qualify for the starting rate of tax for savings. The band will be increased to £5,000 from £2,880, and this starting... Read Full Article...
Pension changes
Posted on Friday, May 16th, 2014
The Chancellor has announced a range of significant measures to bring greater flexibility to individuals who want to access funds in defined contribution pension schemes. Some changes to the current restrictive rules will come into effect from... Read Full Article...
Pensions – changes to come
Posted on Friday, May 16th, 2014
The Government plans to bring even greater flexibility into the pension system from April 2015. In effect an individual will be able to choose what they want to do with their defined contribution pension fund. If they... Read Full Article...
New Tax-Free Childcare scheme
Posted on Friday, May 16th, 2014
The Government has announced details of the new Tax-Free Childcare scheme which is to be launched this autumn. The relief will be 20% of the costs of childcare up to a total of childcare costs of £10,000... Read Full Article...
No penalties for some late Self Assessment returns
Posted on Friday, February 28th, 2014
HMRC have announced that more than 10 million tax returns were filed on time meeting the 31 January deadline. Approximately 8.5 million returns were filed online with the rest being paper filed. Perhaps not surprisingly the busiest... Read Full Article...
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Excuses excuses
Posted on Friday, January 24th, 2014
HMRC have released the ‘Top 10 oddest excuses’ for sending in a late self assessment return. These include a dead goldfish and a run in with a cow! Internet link: HMRC top 10
Help to buy mortgage guarantee completions
Posted on Friday, January 24th, 2014
The Government has announced that ‘nearly 750’ homes have been bought and 6,000 offers made since the mortgage guarantee scheme started. In November 2013, ministers published figures showing that in the first month of the scheme more... Read Full Article...
DWP issue guidance on new Class 3A NIC
Posted on Friday, January 24th, 2014
The Government wants to offer help to existing pensioners and people who reach State Pension age before 6 April 2016, when the single-tier pension is introduced, to give: ‘people in the pre single tier population, who may... Read Full Article...