You can save tax with an individual savings account (ISA). In the current year 2022–23 the max you can save tax free is £20,000 There are 4 types of ISA’s cash ISAs stocks and shares ISAs innovative finance ISAs Lifetime ISAs You can put money into one of each kind…

Do you make maintenance payments? Maintenance Payment Relief reduces your income tax if you make payments to an ex spouse. You can get it if you meet all these criteria Either of you were born before 1935 You’re paying maintenance through a court order after the relationship has ended The payments are for your ex spouse or for your children that are under 21 Maintenance Payments Relief is worth 10% of the maintenance you pay to your ex-spouse or civil partner, up to a maximum of £364 a year (or 10% of £3,640).

Wanna pay less tax? Let me tell you about private pension schemes. Private pension contributions are tax free up to certain limits. This applies to most pensions like: Workplace pensions Personal and stakeholder pensions Overseas pension schemes that apply for UK Tax relief You pay 0% tax if you contribute…

Capital Gains Tax — 10 Interesting points CGT is tax charged when you sell, exchange, give away or dispose of an asset resulting in you making a profit or a ‘gain’. You are taxed on the profit, so for example: You buy an asset for £100, sell it for £120…

and claim the Marriage Allowance! As mentioned before about 0% tax on your income up to a point, when you get married you are allowed to transfer £1,260 to your husband, wife or civil partner. This effectively reduces their tax by up to £252 in the year To make the most of the Marriage Allowance one of the partners income would have to be below the Personal Allowance Check the calculation below You can even backdate your Marriage Allowance to 5 April 2018 if you were married at that time, thats 4 years so £252 x 4 = £1008 Marriage Allowance waiting for you to claim it

Did you know you? The amount of tax you pay depends on how much you earn above your personal allowance And then how much of that is in a certain tax bracket? So how much is your Personal Allowance? The current tax year is 6 Apr 2022 to 5 April 2023 And the standard personal allowance is £12,570 So it’s possible that you can earn from £0 to £12,570 and you pay 0% tax! Hurray! I guess But then from £12,570 to £50,270 at the basic tax rate of 20%

Let’s talk about Income Tax. I like paying taxes as much as you do! And I’ve found some interesting things while researching tax. Income Tax is tax you pay on income but listen you don’t have to pay tax on all types of income. Really?! Yes! So what do you…

What is Bitcoin Bitcoin is a crypto currency. It was introduced in 2008 and is based on blockchain technology. It is decentralised which means it is not controlled or governed by one person, group or entity. The transactions on the blockchain are verified by miners, the miners are rewarded with…

What is Fantom? Fantom is a layer 1 blockchain with smart contract capabilities, it claims to be the fastest public blockchain that not only processes thousands of transactions per second but can also concurrently confirm and finalise blocks within a couple seconds as well Fantom’s transaction fees are considerably low…