To address your query on what is a higher tax bracket in the UK start by clarifying what a “higher tax bracket” is. A higher tax bracket refers to a tax level that applies to incomes above a certain threshold. In the UK, tax rates are structured in brackets, with different tax rates applied to […]
What is a Higher Tax Bracket? Read More »
Christmas comes but once a year and while, one hopes, this is accompanied by a feeling of goodwill and generosity to all, this may not extend to HMRC! In fact, perhaps the seasonal expenditure on family and friends may prompt the idea that this may be softened by tax savings elsewhere. Here are a few
A Tax-Efficient Christmas! Read More »
To help meet some of the costs incurred in dealing with the Covid-19 pandemic, the Chancellor announced in his 2021 Budget that a number of allowances and thresholds will remain at their 2021/22 levels until 6 April 2026. Those affected are outlined below. Personal allowance The personal allowance was increased to £12,570 for 2021/22, up
Freezing of Allowances and Thresholds Read More »
