The article explains the UK gifting rules, highlighting tax implications like Inheritance Tax and Capital Gains Tax to help individuals make informed gifting decisions.
To navigate economic uncertainty, UK investors should assess their risk tolerance, diversify portfolios, stay informed, manage costs, and adapt strategies for better investment outcomes.
UK investors must understand dividend tax, including the £1,000 tax-free allowance and applicable rates, to effectively manage potential tax liabilities and maximize returns on their investments.
Understanding and avoiding common pension mistakes can significantly enhance your retirement savings and financial security in the UK, especially during the 2024/25 tax year.
This guide outlines the key pension contribution limits and tax reliefs for the 2024/25 tax year, emphasizing the unchanged Annual Allowance of £60,000 and the abolition of the Lifetime Allowance.