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wpadmin

Can I drop an income tax band?

By | Tax Planning | No Comments

Earning over £50,271 (the higher rate) or over £125,140 (the additional rate) certainly offers an attractive income. Yet the taxes at these income levels can also be punitive. In some cases, a household’s “real” income (after tax) can be lower than another household where salaries are not as high. For instance, sometimes two parents working part-time can be more tax-efficient than a household with one breadwinner…

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Do you have a financial Plan B?

By | Financial Planning | No Comments

Even the best-laid plans can flounder upon unforeseen events. Having a backup financial plan – or a financial “Plan B” – can help provide a crucial safety net if the future does not transpire as we hope. This has become even more apparent since 2020 when COVID-19, the cost of living crisis and other economic challenges…

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The tax benefits of giving to charity

By | Tax Planning | No Comments

It might feel strange to talk about giving during a cost of living crisis in 2023. After all, wouldn’t your money be best spent on keeping your household afloat? Yet giving has many benefits. Not only is it a moral act in itself, but it forms part of our human nature and gives a sense of purpose and belonging…

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