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Tax

  • income tax

    Income Tax: Changes that may affect how much you pay

    Mmmm tax. We don’t really like the thought of income tax and we would rather not have to pay it, especially when we add up the huge sums that go out of our wage packets each month, or in six-monthly instalments if you are self employed of course. Keep on top of any changes that

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    make a will

    Bereavement Allowance: When can you claim?

    Losing a partner is a devastating experience that many of us may go through at some point in our lives and their loss can leave a financial as well as an emotional void. If your spouse or civil partner died after the 9th April 2001, you are over 45 but under state pension age when

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    pregnant maternity pay

    Maternity Pay: What you need to know

    Congratulations you’re pregnant! You have shared your news with family and friends, pinned the scan picture up on the fridge and are ready to tell your employers that you are expecting a baby. For many mums, this can be quite a daunting prospect and while the thought of being off work with your little one

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    Tax Codes: How are they used?

    Tax codes what your employer uses to work out how much tax to deduct from your pay. It is calculated by HM Revenue and Customs and sent to the company you work for. Tax codes are usually made up of three numbers and a letter and most people born after 5th April 1948, with one

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    Life Insurance: Do I need it?

    Life Insurance: Do I need it?

    Nobody likes to think about dying, but if you want to make sure that your family’s future is secure then you need to consider taking out a life insurance policy. Around one in three of us don’t have any life insurance. Different levels of life insurance cover The different types and levels of cover can

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    starting your own business

    Tax: Am I paying the correct amount?

    In the words of HM Revenue and Customs, ‘Tax doesn’t have to be taxing’. And they’re right. It pays to know how it works so here’s a quick guide: PAYE The UK’s Pay As You Earn system (PAYE) collects tax from us as our wages are paid in. We pay tax throughout the year rather

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