Merranti Accounting Blog
Do You Pay Tax on Premium Bonds Winnings?
September 26, 2026Do You Pay Tax on Premium Bonds Winnings? Premium Bonds are one of the UK’s most familiar savings products. Instead of paying a fixed rate of interest, every £1 held in Premium Bonds is entered into a monthly prize draw. You could win nothing. You could win a small prize. Or you could potentially win
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Can You Claim Extra Tax Relief on Charity Donations?
September 24, 2026Can You Claim Extra Tax Relief on Charity Donations? Giving to charity can do more than support a cause you care about. Depending on how you donate and the rate of Income Tax you pay, charitable giving can also affect your personal tax position. The best-known scheme is Gift Aid. Most people know that Gift
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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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Can Married Couples Pay Less Tax With Marriage Allowance?
September 22, 2026Can Married Couples Pay Less Tax With Marriage Allowance? Getting married or entering a civil partnership does not automatically reduce your Income Tax bill. However, there is one tax break that some couples overlook: Marriage Allowance. Marriage Allowance lets an eligible spouse or civil partner transfer £1,260 of their Personal Allowance to their partner in
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Do You Pay Tax on Renting Out a Spare Room?
September 21, 2026Do You Pay Tax on Renting Out a Spare Room? Renting out a spare room can be a useful way to bring in extra income. You might rent to: A long-term lodger A student A professional working locally Someone staying during the week But once money starts coming in, a common question is: Do you
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Do You Have to Pay Tax on a Side Hustle?
September 20, 2026Do You Have to Pay Tax on a Side Hustle? Side hustles have become increasingly common. You might sell products online, freelance in the evenings, create content, offer tutoring, do photography, drive for delivery apps or provide a service alongside your main job. The extra income can be useful. But it also creates a tax
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Can You Claim Tax Relief on Professional Subscriptions and Memberships?
September 18, 2026Can You Claim Tax Relief on Professional Subscriptions and Memberships? Professional memberships are common across a wide range of careers. You may pay annual fees to: Professional bodies Industry associations Regulatory organisations Trade memberships Technical institutes Specialist networks That raises a straightforward question: Can you claim tax relief on those fees? Potentially, yes. The treatment
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Can You Claim Tax Relief for Working From Home?
September 17, 2026Can You Claim Tax Relief for Working From Home? Working from home is now a normal part of life for many employees, directors and self-employed people. But it also creates extra household costs. You may use more: Electricity Heating Broadband Telephone Office equipment Furniture Stationery That leads to a common question: Can you claim tax
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What Happens to Your Pension When You Die?
September 16, 2026What Happens to Your Pension When You Die? Pensions are usually discussed in terms of retirement. How much should you contribute? When can you access the money? How much income will you need later in life? But there is another important question that many people do not consider until much later: What happens to your
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Can You Give Your Children Money Without Paying Tax?
September 15, 2026Can You Give Your Children Money Without Paying Tax? Helping children financially is becoming increasingly common. Parents may want to contribute towards: A house deposit University costs A wedding A first car Starting a business General living expenses But once the amounts become significant, tax questions naturally arise. Can you simply give your children money,
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