ISAs Explained
ISAs are a tax-free way of saving money in the UK, designed to encourage individuals to save money. Find out how much you can invest, the types of ISAs available & what happens if you withdraw your money.
Tax Allowances
Income tax allowances and reliefs for the UK self-employed, freelancers and sole traders
Annual Investment Allowance Explained
A jargon-free guide to the annual investment allowance including how AIA works, what types of purchases qualify and how to claim it from HMRC
Thousands of Self-Employed Workers Overpaid SEISS Grant
HMRC has admitted making mistakes when calculating self-employed entitlement to the SEISS grant meaning thousands have been overpaid.
The Ultimate Guide to UK Income Tax Allowances and Reliefs
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.
Personal Savings Allowance Explained
The personal savings allowances lets UK individuals earn a certain amount of interest on their savings and investments TAX FREE every tax year, depending on the rate of tax they pay.
Maternity Allowance for the Self-Employed Explained
The self-employed maternity allowance is a tax-free allowance for self-employed mums who need financial support while on maternity leave.
Blind Person’s Allowance 2021/2022
The Blind Person’s Allowance is an additional amount of personal allowance given to those who qualify to claim it. The additional allowance means anyone who is eligible to earn more before paying tax. Blind Person’s Allowance 2021/2022 The allowance changes every tax year. The current allowance is: The current personal allowance rates are: That means …
New Enterprise Allowance Scheme Explained
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.
Marriage Allowance Explained
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.
Claiming Capital Allowances
Capital allowances affect how you claim tax relief on assets you buy in your business and how you fill out your tax return for these costs. They are one of many income tax reliefs and allowances set out by HMRC that affect how much tax you have to pay. I’ve updated this post on 23 …