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Should you sacrifice your salary for a bigger pension?
With employers’ National Insurance set to rise, salary sacrifice is becoming an increasingly popular means of reducing tax and maximising pension contributions
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Frozen thresholds could push ‘tax freedom day’ to latest date this century
Tax freedom day is the point in the year you stop earning for the taxman and start earning for yourself. A rising tax burden could push it to 12 June this year – the latest date since 1982.
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Family left with £20k IHT bill because of out-of-date tax advice
Frozen tax thresholds and dated guidance helped drag the estate into an inheritance tax liability despite extensive use of gifting to avoid a bill
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UK cities facing the biggest rise in IHT bills – is yours on the list?
The number of estates liable for inheritance tax is set to increase to more than 37,000 by 2027, according to new analysis, as a result of rule changes, rising property prices and frozen thresholds.
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Family faces £1 million inheritance tax bill over widespread issue with holiday lets
Many bereaved families with furnished holiday lets are unable to claim business property relief and have to pay inheritance tax, lawyers say.
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Interest on late income tax payments soars to £513 million as HMRC hikes interest rate to its highest level since 2007
Those paying their tax bill late have been hit with millions of pounds of interest by HMRC since 2020. We explain how the interest rate works and what it means for your tax bill
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HMRC opens 1,000 more inheritance tax probes – what to do if it happens to you
Enquiries into inheritance tax owed have jumped by over a third in just one year, but there has been in a decrease in the proportion of investigations leading to higher bills
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What is the 67% inheritance tax trap on pensions – and can you avoid it?
Your loved ones could find themselves paying an effective tax rate of 67% once pensions are brought into the inheritance tax net from April 2027. The concern has sparked an increase in wealth transfer conversations with financial planners.
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The UK regions where family businesses will be hit hardest by inheritance tax changes
Job losses and cuts to investment plans are looming as inheritance tax changes due to come in next year affect firms and farms around the country
