Alistair Darling, the Chancellor, confirmed recently that he is planning to take action to help pensioners hit by reduced saving rates of less than one per cent. The moves will be a welcome relief for savers, particularly the elderly who are more likely to rely on their income from bank deposits. How to save effectively [...]
Every year UK taxpayers miss simple opportunities to avoid overpaying tax that in many ways could easily be avoided. In the current economic climate, saving money is more important than ever so act before the tax year ends on April 5. To help you, here are some saving tips to avoid falling into this trap.
1. Check [...]
There is no doubt about it, we do not like paying it and all of us would like to pay a bit less of it if we could. In order to help you do this, here are 10 saving tips that could potentially cut your tax bill.
1. Check your tax code
Almost everyone will have a [...]
Income tax is used to pay for services provided by the state – such as education and healthcare. It is calculated by working out how much money you earn (your income) and then taking a proportion of that money in tax.
For the 2008/9 tax year your basic personal allowance (or tax-free amount ) is £6,035. [...]
