Capital gains and inheritance tax
Capital gains made by individuals are generally taxed at lower rates to income and taxpayers benefit from a separate annual exemption that covers the first £12,300 of gains made per year.
Income tax
The main income tax thresholds and allowances had already been frozen at the 2021-22 levels until 2026 and that has been extended to 6 April 2028.
Dividend tax
Dividends are taxed at much lower rates than other forms of income and they are not subject to national insurance contributions (NIC).
Four cashflow management strategies
Keeping on top of your cashflow will mean you’ll be less likely to run into financial difficulty. Here are four strategies to follow.
Share schemes expanded
Several investment schemes provide a basket of tax reliefs to individuals who are prepared to risk their money by subscribing for new shares in small trading companies.
Crack down on cloned companies
The National Crime Agency estimates that £78m was lost in cloned companies scams in 2020 and that is probably an underestimate as many frauds are not reported.