Tax

Call for Aim shares to be stripped of inheritance tax break

The Association of Accounting Technicians has called for several inheritance tax exemptions to be scrapped.

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Should pensioners be taxed more to help the young?

Workers above the state pension age should be subject to national insurance contributions, according to a respected think tank. 

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Tax calculator error leads to HMRC apology

HMRC has bowed to pressure and taken down a website page which gave taxpayers incorrect information.

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Four ways to cut down your IHT bill

Nearly £5 billion of inheritance tax (IHT) was collected in 2016/17, more than double the £2.3 billion received by the taxman in 2009/10 when the current nil rate band of £325,000 was introduced.

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Emergency tax codes on pension withdrawals: Beware of higher charges

Over-55s planning to make an ad hoc withdrawal from their pension this year are being warned that they could be stung with an even heftier tax bill than they had expected.

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New tax year 2018/19: Tax and personal allowance changes

Income taxes

The personal allowance, or the amount you can earn tax-free before you start paying income tax, has risen by £350 to £11,850. Pensioners won’t receive a higher personal allowance than other age groups.

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High earners hit by pensions tax taper: how to reduce your bill

Annual pension contributions have become something of a tax minefield, particularly for those with an income above £150,000, who face new restrictions on how much they can save into their pensions.

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Pension tinkering: Here’s what is on the government’s radar

Last year was relatively uneventful for pension developments after the previous years of constant change, but there are a number of areas where the system is still letting savers down, and some major consultations are in progre

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How to make the most of a windfall at retirement

Retirees coming into an inheritance or looking to downsize from a home that has appreciated massively over the decades have various options to consider for the surplus capital.

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