Nigel Holland BA (Hons) FCA “Millions of newly self-employed individuals are being caught off guard by the UK’s payments on account system, which can result in a January tax demand of up to 150 per cent of their previous year’s bill. Under self-assessment, taxpayers...
Second Budget tax rises The Second Budget Was Even Worse Than First Appeared Initial analysis of the Chancellor’s second Budget suggested that its more controversial measures had already been identified. However, closer examination of the detail has revealed an...
Quote by Nigel Holland. “Older homeowners may face care home fees that could involve selling their property, but several protections exist. Your home is excluded from assessment if a spouse, partner, or elderly relative lives there, or if you receive care at...
Quote by Nigel Holland. “Chancellor Rachel Reeves plans to focus the Autumn Budget on taxing wealth and assets rather than income. This is worrying. She ruled out a new wealth tax but highlighted measures such as VAT on private school fees, ending non-dom...
Is it still worth saving into a pension if tax relief changes? Q: How does pension tax relief work now?Pension tax relief refunds the income tax you’d otherwise pay on your contributions, making saving for retirement cheaper. Investments grow tax-free, and 25% of your...
