Tax Return Late Fees
Tax Free Interest

Tax Planning Tips

Published / Last Updated on 07/10/2025

Tax planning help and tips, saving you money

Staggering Amounts of Tax Free Interest with Cash Savings Allowances
Staggering Amounts of Tax Free Interest with Cash Savings Allowances
Interest on bank and building society deposits is subject to income tax but interest earned within your personal tax allowance and the additional allowances below is income tax free. Most ...
6m2d
Tax Planning
HMRC Late Payment Interest v Late Tax Refund Interest
HMRC Late Payment Interest v Late Tax Refund Interest
HMRC suggests: “The late payment interest rate encourages prompt payment. It ensures fairness for those who pay their tax on time. The repayment interest rate compensates taxpayers fairly, when they overpay, ...
7m
Tax Planning
Taxes on Shares and Share Based Investment
Taxes on Shares and Share Based Investment
There are different levels of tax and allowances on working or pensions income, property income and cash savings. There is also a different tax regime for shares and share ...
> 1y4m
Tax Planning
New Late Tax Return Penalties on Business and Investment Property Income
New Late Tax Return Penalties on Business and Investment Property Income
Already detailed on this website and mentioned many times are the standard late filing and late tax return penalties as follows: Current HMRC Late Self Assessment Tax Return Penalties 1 day ...
> 1y5m
Tax Planning
How Long Should I Keep My Tax Records?
How Long Should I Keep My Tax Records?
We are regularly asked the question of how long people should keep their tax and financial records. The answer is not exact and will depend upon your circumstances and whether ...
> 1y6m
Tax Planning
Claiming Expenses when Working From Home
Claiming Expenses when Working From Home
When this firm relocated its head office from the north of Birmingham to Cornwall in 2015, we did not make any redundancies and all staff were allowed to work ...
> 1y8m
Tax Planning
Tax Free Savings Allowances Revisit With High Interest Rates
Tax Free Savings Allowances Revisit With High Interest Rates
For many years bank and building society interest was taxed at source i.e., basic rate income tax was withheld from your interest before you received it. Therefore, non-tax payers ...
> 2y1m
Tax Planning
Being Tax Efficient With Redundancy Payments
Being Tax Efficient With Redundancy Payments
There are two financial settlement approaches that an employer may take with you if they make you redundant. A. Statutory Minimum Redundancy Payment This is the minimum payment by law that ...
> 2y10m
Tax Planning
Should HMRC Increase Business Mileage Rates in 2022?
Should HMRC Increase Business Mileage Rates in 2022?
If you use you own car, van, motorbike or 'push bike' you can currently claim the following expenses for mileage. This is either by employer refund or if employers ...
> 3y2m
Tax Planning
Online Benefits Entitlement Checker Tool
Online Benefits Entitlement Checker Tool
At the same time as launching the NIC reduction calculator too: Watch BTN_GREEN_VIDEO:1821 The Treasury has also launched a tool for you to check whether and what types of benefit ...
> 3y4m
Tax Planning
Earn More National Insurance Reduction Calculator
Earn More National Insurance Reduction Calculator
As announced by former Chancellor (he resigned today), Rishi Sunak, National Insurance Contribution (NIC rates) will be reduced on 6 July to allow people to keep more money in ...
> 3y4m
Tax Planning
Protect from NIC increases with Salary Sacrifice
Protect from NIC increases with Salary Sacrifice
It is well documented both in the news and the finance industry that the government is introducing a Health ad Social Care levy at 1.25% on 06/04/2022. This increase will ...
> 3y7m
Tax Planning
Income Tax on Dividends and the Health and Social Care Levy
Income Tax on Dividends and the Health and Social Care Levy
Many shareholders and owner/manager/director businesses take a large share of their income via dividends i.e., a share of the net profits. Dividend income is not subject to National Insurance ...
> 3y8m
Tax Planning
Self Employed NIC Rates and the Health and Social Care Levy
Self Employed NIC Rates and the Health and Social Care Levy
We explained in video 1 that a new Health and Social Care levy starts on 6 April 2022 with a 1.25% increase to self employed National Insurance Contributions (NIC) ...
> 3y8m
Tax Planning
Employers and Employees NIC Rates and the Health and Social Care Levy
Employers and Employees NIC Rates and the Health and Social Care Levy
We explained in video 1 that a new Health and Social Care levy starts on 6 April 2022 with a 1.25% increase in employers and employees National Insurance Contributions ...
> 3y9m
Tax Planning

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