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How to improve your state pension
Personal TaxIf you ask the Department for Work and Pensions (DWP) it will tell you that once you’ve paid 35 full years of NI contributions you can’t increase your state pension by paying more. That’s wrong. When can paying NI beyond the 35-year limit benefit you?
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Will your employment allowance run out?
Business TaxAlthough you have thus far avoided the employers’ NI hike thanks to the employment allowance, you could be hit with a cash-flow crisis if it’s exhausted before 5 April. What can you do about it?
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Multiple tax-free perks for directors
Business Tax, Personal TaxWith Christmas in mind a fellow director has suggested your company uses the trivial benefits in kind exemption to provide £300 of tax and NI-free gifts to each director. You’ve heard about the exemption but can it be used in this way?
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Are IHT changes coming?
Personal TaxYou’re seeing a lot of speculation in the press about further changes to inheritance tax (IHT) in the upcoming Budget, including a cap on the amount you can give to your loved ones. Would you be better off making gifts before the Budget date?
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Company motorbikes - a two-wheeled tax trap?
Personal TaxYou’ve taken on a youngster as a general assistant for your business. The role includes making local deliveries for which your firm provides a motorbike. This could trigger unexpected tax and NI charges. What steps can you take to avoid them?
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Do you need to pay tax on loyalty points and cashback?
Business Tax, Personal TaxYou’ve been making business purchases on your personal credit card and reaping the rewards in the form of airmiles and cashback. What, if anything, do you need to do to keep on the right side of HMRC?