(9 Minute Read) Key tax information to help you get planning before 5th April 2021. Income Tax. Personal Savings Allowance (PSA) means that the first £1,000 of interest on savings is tax free for standard rate payers. For higher rate tax payers the allowance is £500, and for additional rate payers there is no allowance. The… Read more »
(4 Minute Read) Key information on pension contributions! What is it? If you are a UK taxpayer you can get tax relief on pension contributions of up to 100% of you earnings, or £40,000 whichever is lower. This means that some money that would otherwise go the tax man will instead go to your pension… Read more »
