Getting your first payslip can be confusing. This guide explains gross pay, PAYE, employee NI, Student Loan Plan 5, pension and net pay -- with a worked example at GBP 25,000.
Interest on fixed-rate savings bonds is taxable in the year you receive it (or when credited if sooner). For a 2-year bond, ALL interest is taxable in year of maturity. Personal Savings Allowance planning.
Employees can claim GBP 6/week (GBP 312/year) WFH flat-rate relief without receipts. Self-employed can claim actual costs or simplified rates of GBP 10-26/month. Full breakdown.
UK residents must declare foreign income including overseas employment, rental income, dividends and savings interest. The FIG regime, remittance basis and double-tax treaties explained.
FSCS protects up to GBP 85,000 per person per authorised institution (GBP 170,000 joint). This guide covers which accounts qualify, what happens at a bank failure, and how to spread savings safely.
The FHL regime ended on 5 April 2025. FHL properties are now treated as normal rental income, losing mortgage interest deductibility, capital allowances, pension relief and BADR CGT exemption.
Interest on gilts and bonds is taxable income. Capital gains on gilts are exempt from CGT. Corporate bond gains are taxable. Full guide covering ISA wrapper, offshore bonds and PSA.
Help to Buy equity loans (England) are no longer available, but existing borrowers repay based on current market value. Repaying early when property prices fall saves money. Full step-by-step guide.
Basic-rate pension tax relief is added automatically, but higher-rate taxpayers must claim the extra 20% via Self Assessment. This step-by-step guide shows how.
HMRC sends nudge letters to prompt voluntary disclosure of undeclared income. This guide explains the types of letter, what HMRC knows and how to respond correctly.
If you discover you have underpaid tax, voluntary disclosure via the Let Property Campaign, certificate of tax deposit or direct contact can reduce penalties significantly.
Gifts made more than 7 years before death are IHT-free (as PETs). Within 7 years, taper relief reduces IHT: 100% if 0-3 years, 80% at 3-4, 60% at 4-5, 40% at 5-6, 20% at 6-7 years before death.
