Nigel Holland “Stealth taxes drive pensioners into tax-paying status, alarming charities. Frozen thresholds and HMRC communication woes escalate late-filing penalties.” Tax penalties surge for pensioners due to frozen thresholds. Elderly facing...
Nigel Holland examines the charge on child benefit ” You may have to pay the High Income Child Benefit Charge if you or your partner have an individual income that’s over £50,000. If the income exceeds £60,000 Child benefit is removed completely. You’ll need to...
Nigel Holland “Inheritance tax is viewed as one of the most unpopular taxes around. This is because it is a form of double taxation. A taxpayer saves all their life, these savings represent savings after tax. The tax payer accumulates a lifetime of wealth which...
Nigel Holland “This allowance which totals £1,260 transfers part of your Personal Allowance to your husband, wife or civil partner. It is certainly worth claiming in certain circumstances. It is worth claiming if you do not pay Income Tax or your income is below...
Nigel Holland “This allowance which applies to many people is still valid for the 2022/23 tax year. Many tax payers are losing out on this allowance. It has been introduced to take into effect the fact that there are household expenses which are incurred by...
