Tag Archives: State Pension

Pre-Budget Report

Today’s Pre-Budget Report announcements include: One-off 50% tax on discretionary bonuses of more than £25,000 to bank employees Pensions higher rate tax relief further restricted from 9 December 2009 for incomes over £130,000 Inheritance tax to be frozen at £325,000 until 2011 VAT to return to 17.5% from 15% from 1 January 2010. No other […]

Q&A: Civil Partnerships/Independent Taxation?

Q. Duncan, we’re a lesbian couple, can you provide us with specialist tax advice? Yes.  HMRC has produced a useful guide on the taxation of, and benefits available to, lesbian, gay, bisexual and transgender customers. The leaflet gives guidance on: Income Tax National Insurance Contributions Inheritance Tax Capital Gains Tax State Pensions Tax Credits The guide is […]

At-a-glance: Budget 2009

Here are the key points of Alistair Darling’s 2009 Budget: CIGARETTES, ALCOHOL AND FUEL Alcohol taxes to go up 2% from midnight – one estimate is that it would put 5p on the average pint of beer Tax on tobacco to go up by 2% from 6pm Fuel duty to rise by 2p per litre […]