personal finance Archives - Page 2 of 15 - Whitefield Tax Limited - Isle of Wight Accountants

Social Care Funding Reforms – aka Tax Rises

by Jessica Garbett | Oct 1, 2021 | business taxation, personal finance, personal taxatation

On 7th September 2021 the Prime Minister broke a Manifesto Commitment and announced rises to National Insurance in order to fix Social Care costs. Of course its right to suspect that this may just be a sticking plaster – health and social care can be a near...

Tax free childcare scheme

by Jessica Garbett | Jun 19, 2020 | ACCA, Covid19, personal finance

Comprehensive guidance on the government’s support for childcare. The government’s initiative to support people with the cost of childcare, the Tax-Free Childcare scheme, was opened to all qualifying families in February 2018. Tax-free childcare is not an...

Coronavirus – Temporary changes to pension tax

by Jessica Garbett | Jun 15, 2020 | ACCA, Covid19, pensions, personal finance

For public sector workers returning to support the government’s response to Covid-19, the government suspended the tax rule that would otherwise apply significant tax charges to pension income received by recently retired individuals aged between 50 and 55. As these...

ACCA on Covid-19 impact on maternity, paternity and adoption pay

by Jessica Garbett | Jun 11, 2020 | ACCA, business issues, Covid19, employer returns, personal finance

Changes to ensure furloughed employees are not disadvantaged. There has been a change in the calculation of leave for employees addressing the fact that a furloughed employee may be disadvantaged. The Entitlement to Statutory Maternity Pay and other forms of parental...

Taxing times for children?

by Jessica Garbett | Jan 23, 2020 | ACCA, personal finance, personal taxatation

A detailed look at taxation and children. Subject to some exemptions, a child may have taxable income which is chargeable; however, the child will have full entitlement to personal allowances and reliefs. The rights and obligations of a child with taxable income rest...

Don’t forget the state pension!

by Jessica Garbett | Dec 9, 2019 | ACCA, pensions, personal finance

A handy guide to help you review your state pension provision. An overhaul in April 2016 replaced the old two-tier system with a flat-rate state pension, which is now (in 2019/20) £168.60 per week. However, the amount a person is entitled to depends on their National...

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Social Care Funding Reforms – aka Tax Rises

Tax free childcare scheme

Coronavirus – Temporary changes to pension tax

ACCA on Covid-19 impact on maternity, paternity and adoption pay

Taxing times for children?

Don’t forget the state pension!

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