Tag Archives: Gift Aid Scheme

The Child Benefit Tax Charge

The child benefit tax charge, introduced on 7 January, affects over one million families. A family with two children could see their annual spendable income drop by up to £1,752 p.a. in 2013/14; those with three children could lose £2,449 pa. At a time when prices are rising faster than incomes, it will be critical […]

50% Income Tax Rate

Individuals with income in excess of £150,000 are liable to a 50% top rate of Income Tax, and 42.5% on dividends. In addition, the basic personal allowance for Income Tax is gradually reduced to nil for individuals with adjusted net income above £100,000. Reducing Your Taxable Income Incorporation of a business can help to mitigate […]