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Student loans

Increase in Student Loans Plan 1 and Plan 2 thresholds from 6 April 2019 and Postgraduate Loans (PGL) The thresholds of Plan 1 and Plan 2 Student Loans are increasing from April 2019. The current thresholds for the tax year 2018-19 are: Plan 1 - £18,330 Plan 2 -...

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Spring budget tax update

Attack on self-employed in budget In his first Budget on 8th March the new Chancellor Phillip Hammond announced that he would level the playing field between employees and the self-employed by increasing Class 4 National Insurance Contributions (NICs) from...

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National living wage

National living wage for workers aged 25 and over The new National Living Wage becomes law in April 2016 for workers aged 25 and over From 1 April 2016 workers aged 25 and over will be legally entitled to a new minimum pay rate of £7.20 per hour, called the National...

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Changes to Dividend Allowance

Currently only higher or additional rate taxpayers pay tax on dividends. However from April 2016 the Dividend Tax Credit will be replaced by a new tax-free Dividend Allowance. This means that you won’t have to pay tax on the first £5,000 of your dividend income, no...

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Tax newsletter October 2015

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the newsletter; remember, we are here to help you so please contact us if you need further information on any of the topics covered. BUYING A...

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