Personal Tax
Why Has HMRC Changed My Tax Code?
September 23, 2026Why Has HMRC Changed My Tax Code? Seeing a different tax code on your payslip can be confusing, particularly when your salary has not changed. Your tax code tells your employer or pension provider how much tax-free income you are entitled to through PAYE. HMRC can change it during the tax year when the information
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How Much Can You Earn Tax-Free?
May 19, 2026How Much Can You Earn Tax-Free? For the 2026/27 UK tax year, the standard Personal Allowance is £12,570. This means most people can receive up to £12,570 of income before paying Income Tax. The current tax year runs from 6 April 2026 to 5 April 2027. That is the simple answer. The practical answer is
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How to Legally Pay Less Tax as a High Earner
April 29, 2026How to Legally Pay Less Tax as a High Earner (UK Guide 2026) If you’re earning a high income, you’ve probably noticed one thing: The more you earn, the more tax you seem to lose. Between income tax, National Insurance, and hidden traps like the £100k threshold, it can feel like you’re working harder—but keeping
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Should You Buy Assets Personally or Through Your Company?
April 26, 2026Should You Buy Assets Personally or Through Your Company? (UK Tax Guide 2026) If you’re a business owner, one question comes up time and time again: Should I buy this asset personally or through my limited company? Whether it’s property, equipment, or even a vehicle, the decision can have a major impact on tax, cash
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Why a Small Increase in Income Can Cost More Than You Expect
January 27, 2026Understanding Marginal Tax Rates: Why a Small Increase in Income Can Cost More Than You Expect One of the most common surprises people encounter when reviewing their tax position is this: earning more does not always mean keeping more. In some cases, a relatively small increase in income can result in a disproportionately large tax
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Paying Tax on Side Income in 2025/26: When Allowances Apply and When They Don’t Earning money outside a main job is increasingly common. Whether it’s freelancing alongside employment, selling items online, tutoring, content creation, or short-term project work, many people now have a source of side income in addition to their main earnings. What often
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Using the Trading Allowance in 2025/26: When the £1,000 Tax-Free Limit Applies With more people earning money outside traditional employment — through side projects, online platforms, casual freelancing, or hobby income — questions around tax and small amounts of trading income are becoming increasingly common. To simplify matters, the UK tax system includes a Trading
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The act of gifting
November 5, 2025Estate Planning Considerations Estate planning has become increasingly important in the UK, particularly as frozen thresholds and rising asset values draw more estates into the inheritance tax (IHT) net. Without proactive planning, a significant portion of your wealth may pass to HMRC rather than your intended beneficiaries. This section explores the key estate planning considerations
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Pension Death Benefits to Become More Taxing
September 3, 2025Pension Death Benefits to Become More Taxing – What You Need to Know If you’re relying on your pension to support not only your retirement but also to pass wealth on to your loved ones, recent government announcements may significantly change your estate planning. From 6 April 2027, changes announced in the October 2024 Budget
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How to Earn Tax-Free Income from Letting Out a Room in Your Home
August 13, 2025Taking Advantage of the Rent-a-Room Scheme: How to Earn Tax-Free Income from Letting Out a Room in Your Home With the cost of living and interest rates still high, many homeowners are exploring ways to boost their income. One often-overlooked solution is letting out a spare room — and thanks to the UK’s Rent-a-Room scheme,
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