personal taxatation Archives - Page 42 of 49 - Whitefield Tax - Isle of Wight Accountants

Class 2 NIC collection

by Jessica Garbett | Apr 13, 2015 | ACCA, personal taxatation

From the 2015-16 tax year onwards the collection of Class 2 NICs will be through self-assessment (SA), allowing the self-employed to pay their income tax and Class 2 and Class 4 NICs together through one process. From 6 April 2015 the self-employed will report their...

Personal Allowance – Is It A Giveaway?

by Jessica Garbett | Mar 30, 2015 | personal taxatation, Tax Help for Old People

New legislation coming into effect from the 6th of April 2015 will allow married couples and civil partners to transfer a fixed amount of 10% (for 2015/16, £1060) of the standard personal allowance to their spouse or partner. It will be known as the marriage allowance...

Budget 2015: changes to pensions

by Jessica Garbett | Mar 20, 2015 | ACCA, budget, pension reform, pensions, personal taxatation

From 6 April 2015 People with defined contribution schemes who are at least 55 years old can make withdrawals up to the value of the funds invested in the scheme. The first 25% will be tax free and the person can choose whether to have the 25% tax free element applied...

Budget 2015 – changes to savings

by Jessica Garbett | Mar 20, 2015 | ACCA, budget, personal finance, personal taxatation

Help to Buy: ISA The scheme will provide a government bonus to each person who has saved into a Help to Buy: ISA at the point they use their savings to purchase their first home. For every £200 a first time buyer saves, the government will provide a £50 bonus up to a...

Budget 2015

by Jessica Garbett | Mar 18, 2015 | budget, fairness, HMRC, IR35, personal taxatation, politics

A quick round up of some highlights from the detail of todays budget speech. Our budget newsletter will be emailed tomorrow with some of the other headlines that are well reported in the media, and are mainly post election give aways – jam tomorrow. This continues...

Why are Tax Codes so Taxing?

by Jessica Garbett | Feb 28, 2015 | HMRC, personal taxatation, Tax Help for Old People

Tax codes can be confusing at the best of times, and especially if you are in receipt of income from more than one source. It is important to check your codes, making sure they are correct, because they are the mechanism by which HMRC instruct employers and pension...

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Class 2 NIC collection

Personal Allowance – Is It A Giveaway?

Budget 2015: changes to pensions

Budget 2015 – changes to savings

Budget 2015

Why are Tax Codes so Taxing?

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