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Inheritance tax

Inheritance Tax: Britons paying £1.2billion more than necessary – take action

Modified: 16 September 2020

INHERITANCE TAX (IHT) is being needlessly paid in some situations, with many Britons being hit with a hefty tax bill from HMRC, according to new research. Inheritance tax is payable on the value of an estate of a person who has passed away, above a particular threshold. This IHT threshold is usually set at £325,000, although it can […]

personal allowance

Personal Allowance is rising this year – what HMRC change means for how much tax you pay

Modified: 16 September 2020

PERSONAL ALLOWANCE is the name given to the amount of taxable income which can be earned before it becomes subject to Income Tax rates. Currently, the standard Personal Allowance is £12,500. However, it won’t remain this way for much longer as HM Revenue and Customs (HMRC) will be increasing it later this year. The threshold […]