by Henry Walker | Apr 5, 2023 | Finance, HMRC, Tax
Higher earners have been dealt a blow after the Chancellor changed the level at which the 45% additional rate of tax applies from £150,000 to £125,140. The move takes effect in the 2023/24 tax year and brings the threshold in line with the point at which the personal... 
by Henry Walker | Apr 5, 2023 | Finance
Up to 30 hours of free childcare per week will become available for any child older than nine months from 2024, when there is a staggered introduction starting at 15 hours in April 2024, rising to 30 hours in September 2025. This will be a welcome boost for parents... 
by Henry Walker | Apr 5, 2023 | Finance
Pensions got a major overhaul in the Chancellor’s Budget announcements, with an increase in the amount you can put into your pension each year and an effective removal of the limit that your pension can reach before facing significant penalties of as much as 55%. Rise... 
by Henry Walker | Apr 5, 2023 | Business, Finance, Tax
The latest Budget on March 15 was a mix of wins and losses for people and companies around the country, with some considerable changes for pensions and the highest rate taxpayers thrown in. The personal allowances for the 2023/24 tax year were largely frozen once...