The 2022/23 tax year ends on Wednesday the 5th of April
After this date, many allowances will reset, so it could be your last chance to use some of them.
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What price our tax reliefs? Some of them may be in the next Chancellor’s firing line
Have you ever pondered the overall cost of the tax reliefs which you enjoy when you look at your annual…
Inflated expectations
Investor expectations have been dialled up by the market returns of recent years. Independent Financial Advisers will need to add…
How well do you understand inheritance tax?
Only one in four respondents to an HMRC survey completely understood how the inheritance tax (IHT) system could work for…
Pension flexibility: too taxing for many
Lump sum withdrawals under pension flexibility are resulting in over-paid tax due to emergency tax codes. Don’t be caught out.…
Ringing the changes of the new tax year
The tax year 2018/19 ends on Friday 5 April, which means it’s time to start planning for the new tax…
Check your April pay slip
April is the one month in the year it pays to check your payslip with new tax and auto-enrolment rates…
Inheritance tax reductions ahead of potential reform
Future increases to the residence nil rate band might be in question, thanks to the OTS review of inheritance tax.…
Preparing for the new tax year
Changes to income tax, NICs and pension contributions are coming for 2019/20. One of the few certainties about 2019 is…
Tax Planning: Unmarried couples lack the rights of married couples
Two recent events have shone different lights on the government’s view of unmarried couples. As the graph shows, marriage has…
OBR forecasts to force government to raise taxes next Budget?
The long-term outlook for government finances suggests that tax increases are inevitable. The Office for Budget Responsibility (OBR) produces medium-term…
New tax rates apply from 6 April – summary now available
The start of the new tax year on 6 April marks several changes to tax and related matters that could…
Your tax year end planning – how Pembroke Financial can help
The 5th April is approaching fast so it’s important to take the time to give your finances a tax year-end…
What space does the Chancellor have for change in his Autumn Budget in November?
The Chancellor, Phillip Hammond, announced the date of his first Autumn Budget as Wednesday 22 November and this will be…
The 2017 election manifestos offered precious little good news on the future of income tax.
The 2017 election manifestos offered precious little good news on the future of income tax. We would say that judging…
The beginning of the new tax year can be just as valuable as its more familiar year end counterpart.
The run up to 5 April, with the Budget and often Easter intervening, can be a frenetic time for personal…
What do I need to remember to do before the tax year ends? Some 5th April reminders
What do I need to remember to do before the tax year ends? Some 5th April reminders. This year, more…
Two wrongs don’t make it right – tax evasion, avoidance…. and planning
Two wrongs don’t make it right – tax evasion, avoidance…. and planning. HM Revenue & Customs (HMRC) was busy in…
Anomalies uncovered in personal savings allowance legislation.
Not everything your bank pays you counts towards the personal savings allowance. When the personal savings allowance (PSA) was first…
Making tax digital
At the March 2015 Budget, the government set out the vision for a transformed tax system and the end of…
Putting off making a will is a false economy.
Recent research has revealed how much it costs to make sure your wishes are met on death. Do you have…
2016/17 Tax Tables
We have pleasure in enclosing our tax tables for the 2016/17 tax year, updated for announcements made in the Budget.…
It’s time to start planning for the new tax year
As we near the end of the tax year, now is the time to consider not only year-end planning, but…
Your latest PAYE code may look a little strange
Breaking the PAYE code. It’s the time of year when HM Revenue & Customs (HMRC) sends out PAYE codes for…