Category Archive: Personal taxes and finances

How the personal allowance works

Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.

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1.1 million customers get first energy support payments

As the cost of living crisis continues to bite, more than a million families will be receiving help from the first week of September.

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First cost of living payment received by millions

Payments to support those struggling with the cost of living are starting to be paid into eight million people’s accounts from today.

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Pay boost for millions as National Insurance threshold rises

Further changes to National Insurance Contributions (NIC) kick in from July this year and will be a welcome boost for most taxpayers who suffered an increase in April.

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Tax planning for 2022  – what you need to know

No one wants to pay more tax than they are required to and yet every year hundreds of thousands of taxpayers miss out on opportunities to reduce their tax bill.

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How can you cope with the cost-of-living crisis?

Many are feeling the impact of the increasing cost of living on their finances, with the inflation rate soaring to a 30 year high of 6.2 per cent in February.  

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Student loans: what is changing for graduates in April

Currently, the threshold for undergraduate loan repayments stands at £27,295 per year and will remain at this level from April 2022. As for post-graduate loans, the earning threshold will also remain the same, which is £21,000 per year.

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HMRC scam calls have decreased by 97 per cent

Scammers posing as HM Revenues and Customs (HMRC) were rife in March 2021, with a staggering 79,477 calls reported.

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