CIS contractors normally have 20% deducted at source. Gross payment status lets you receive full payment and pay tax via Self Assessment. Requirements, application and pitfalls explained.
Class 4 NI is 6% on profits between GBP 12,570 and GBP 50,270, and 2% above. Class 2 was abolished April 2024. This guide calculates NI for common profit levels.
Councils can now charge up to 100% council tax premium on second homes and empty properties. This guide covers which councils apply it, how to appeal, and planning options.
Critical illness pays a lump sum tax-free (if personally paid). Income protection pays regular income -- tax-free if you pay premiums, taxable if employer pays. Comparing cover, cost and tax treatment.
If you owe your Ltd company over GBP 10,000 via a director's loan, HMRC charges BIK. Loans outstanding 9 months after year-end trigger S455 tax at 33.75%. Full guide.
Most Ltd company directors take a small salary (GBP 12,570 or GBP 5,000) + dividends above the GBP 500 allowance. This guide calculates the optimal split at profit levels GBP 30k-GBP 150k.
EIS offers 30% income tax relief on up to GBP 1m invested; SEIS offers 50% on GBP 200,000. Both provide CGT deferral and loss relief. This guide covers eligibility, limits and claiming.
CSOP, EMI, SAYE, RSUs -- how income tax applies when shares vest, and CGT when you sell. Includes the EMI CGT exemption, SAYE free share allocation and 2026/27 rates.
Equity release lets you access cash from your home without selling. This guide covers lifetime mortgages, home reversion, interest roll-up, IHT impact and alternatives.
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.
