Tax-Free Childcare is a government scheme available to working parents, including the self-employed, with children aged 0 to 11. Eligible parents can get up to £2,000 per child per year towards qualifying childcare. For clients with 2 children, it could mean a £4,000 saving per year on the family’s budget. Parents can use it on…
If, on reviewing your income for any tax year, you find that you have tripped over into the higher rate or gone over £100k and are therefore having some of your personal allowance restricted, then you can consider making charity donations in the following tax year and setting those back against the previous year. For…
You can get up to £1,000 a year in tax-free allowances for property or trading income from 6 April 2017. If you have both types of income, you’ll get a £1,000 allowance for each. For more detail see the HMRC notes
A reminder to higher rate tax payers that tax relief on mortgages taken out to buy residential properties to let will be restricted to basic rate tax relief only. For more details see the HMRC notes. https://www.gov.uk/government/news/changes-to-tax-relief-for-residential-landlords