Personal Allowances

17 September 2024

Marriage/civil partnerships: income tax and personal allowance implications
The main income tax and personal allowance related issues connected with marriage and civil partnership

17 September 2024

Personal allowances in the year of marriage or civil partnership
The effect on personal allowances in the year of marriage or civil partnership

16 September 2024

Mini case studies illustrating how savings income is taxed
How the starting rate band and the personal savings allowance applies to an individual’s savings income

12 June 2024

Making pension contributions to reclaim the personal allowance
How effective tax relief of 60% or more can be obtained on pension contributions where clients are able to reclaim their personal allowance

07 June 2024

Investment bonds: calculating the tax on a chargeable event gain
The full six-step HMRC method to ensure that the correct tax liability (and top-slicing relief) is calculated. Here, we set out the process and include a suggested pro forma for 2023/24 and 2024/25

10 April 2024

Tax allowance cuts and freezes, and tax returns
Whether tax allowance cuts and freezes will mean a tax return is required to be submitted. The number of taxpayers is rising, but HMRC does not want to add to the self-assessment numbers