Income Tax Allowances

Find out about the personal allowance restriction which affects UK individuals who earn more than £100,000 during one tax year.

Wondering if you should claim the £1,000 property income allowance? In this guide, you’ll find out how the property income allowance works, how to claim it and work out whether it’s right for you. 1. What is the Property Income Allowance? The Property Income Allowance entitles individuals in the UK to earn £1,000 in rental … Read more

The main income tax allowances and reliefs that reduce the amount of tax you have to pay. The ones you can claim depend on your personal circumstances and business spending.

Understand how the UK personal savings allowance works including the starting rate for savings, what counts as savings income and how to claim the allowances if you’re employed or self-employed.

Find out how the blind person’s allowance works, how much is available, who is eligible to claim it along with how to claim it from HMRC.

Go from job seeker to business owner with the New Enterprise Allowance. You’ll get mentoring & a grant to get your business off the ground.

The HMRC Marriage Allowance is a tax perk that allows one partner to transfer up to 10% of their unused personal allowance to another meaning that person can benefit from some additional tax free earnings. This can be useful if you are newly self employed or in the early stages of starting a business and your earnings are low.

I’ve updated this post on 18 August 2020 for changes in the latest legislation The rent a room scheme is a great way to earn some extra cash it is tax-free up to £7,500. In this guide, I’ll show you how to claim the rent a room allowance tax-free, what counts as rent and what … Read more

Find out how the HMRC £1,000 trading income allowance works, how to claim it and work out whether it’s right for you.

The Personal Allowance is set by the UK Government. It is £12,500 for 2019/2020 but it changes every year on 6 April. Here’s how it works and how to claim it.