Understanding the UK Tax System & Tax Planning

Popular UK Tax System articles

National Insurance Contributions (NICs)

National Insurance Contributions (NICs)

NICs are contributions paid by individuals and employers to fund state benefits, including the state pension and healthcare. You need...

by wiseinvestorpath15 April 2024
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National Insurance Credits

National Insurance Credits

National Insurance Credits Ensuring people have a future is a crucial role of National Insurance Credits as they contribute towards...

by wiseinvestorpath15 April 2024
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Tax on Trust

Tax on Trust

The purpose of trust is to manage assets such as money, investments, land, and buildings; some common reasons for trusts...

by wiseinvestorpath15 April 2024
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Pension

Pension

Pension is a long-term investment, usually having the financial security during retirement phase. Individuals contribute to Pension fund throughout their...

by wiseinvestorpath15 April 2024
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Income Tax: The Tax You Pay on Your Earnings A Guide to Income Taxpayers

Income Tax: The Tax You Pay on Your Earnings A Guide to Income Taxpayers

A Guide to Income Taxpayers Income tax is one of the most significant aspects of UK's government, playing a crucial...

by wiseinvestorpath15 April 2024
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Tax Implications: Living Abroad or Returning to UK

Tax Implications: Living Abroad or Returning to UK

Experiencing life and work abroad can be exciting and rewarding, offering you new opportunities to grow professionally and personally. However,...

by wiseinvestorpath15 April 2024
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Annual Tax Summary – How Taxpayers can Use It

Annual Tax Summary – How Taxpayers can Use It

Each tax year, HMRC issues a document to taxpayers in the UK called the Annual Tax Summary. As part of...

by wiseinvestorpath15 April 2024
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Income Tax Allowances

Income Tax Allowances

Marriage Allowance:  To qualify for Marriage Allowance, you must be married or in a civil partnership. Marriage Allowance allows married...

by wiseinvestorpath15 April 2024
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Capital Gain Reliefs – Guide to Tax Savings on Property Sales

Capital Gain Reliefs – Guide to Tax Savings on Property Sales

Principal Private Residence Relief (PPR) - for properties that have been your main home Letting Relief-  for properties that were...

by wiseinvestorpath15 April 2024
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