Some time ago I wrote an article trying to help the millions of UK tax payers who had received an unexpected tax demand from HM Revenue and Customs. Two years later and it seems that not paying the correct tax is still a huge problem, with over five million receiving a letter from HMRC in the next few days to this effect. Of those, over two million have not paid enough tax and will be receiving a tax demand from HMRC.
Today sees the start of a new tax year: what’s changing?
You can put more into an ISA this year, earn more without paying tax and the highest rate of tax falls
The start of a tax year on April 6th normally means a new round of allowances, such as the amount you can put into an ISA or your pension every year. This year it also means a big increase in the amount you can earn before you pay tax. And those who pay tax at the highest rate will see it fall from 50% to 45%. What other changes are there?
What can you do to make sure your pet is looked after when you die?
If you have a pet, it’s important to make sure that they’ll be cared for when you are no longer around.
Most adults don’t get round to writing a will in the first place – never mind thinking about what could/should happen to their beloved cat or dog. However, making plans so someone can look after pet after you’ve gone is worth doing – but what are the options?