Tax Help for Old People Archives - Whitefield Tax Limited - Isle of Wight Accountants

The pensions cash trap for parents

by Jessica Garbett | Sep 7, 2015 | pension reform, pensions, personal taxatation, Tax Help for Old People

Do you or your partner claim Child Benefit? Are either or both of you aged 55 or over and considering taking cash out of your pensions? Then read on – you could face a hefty tax bill, lose your tax credits and lose your Child Benefit. Since 6 April 2015, taking cash...

Helping vulnerable people in crisis with their tax – Bridge The Gap

by Jessica Garbett | Aug 24, 2015 | ACCA, Tax Help for Old People

Whitefield already support Tax Help for Older People with some case work, this article contributed from ACCA InPractice explains some more about the work they do In May, we introduced the work of Bridge the Gap, a charity which helps vulnerable people in crisis with...

So Many Changes! Looking at recent personal tax changes

by Jessica Garbett | Aug 7, 2015 | budget, personal taxatation, Tax Help for Old People

The most recent budget announced some interesting changes; combine them with those announced earlier in the year and also in 2014, and we can all be forgiven for becoming confused. Here, we look at the ones that affect most of us, not exhaustive, along with the dates...

Easy Money – Tax on Savings

by Jessica Garbett | Jul 7, 2015 | personal taxatation, Tax Help for Old People

If your summer holiday is going to cost a fortune, you might be looking for ways to replenish your bank account! Why not check to see if you are eligible for the 0% savings rate on your savings income (interest).It’s quite easy to do. First, look to see; If you are...

Problems paying for your tax?

by Jessica Garbett | Jun 10, 2015 | HMRC, Tax Help for Old People

Many people who are unable to pay their tax on time will worry about the potential consequences, but the worst thing is to simply ignore the matter and hope it will just go away. The situation may not be as bad as you think and the golden rule is to act quickly. If...

Is the tax you have paid correct?

by Jessica Garbett | May 15, 2015 | personal taxatation, Tax Help for Old People

How do you know? If you pay your tax under Pay As You Earn (PAYE) your involvement with HMRC will probably be minimal. Your employer makes sure that HMRC are aware of your earnings, operates your tax code, takes tax from you and informs HMRC of your income and the tax...

« Older Entries

The pensions cash trap for parents

Helping vulnerable people in crisis with their tax – Bridge The Gap

So Many Changes! Looking at recent personal tax changes

Easy Money – Tax on Savings

Problems paying for your tax?

Is the tax you have paid correct?

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