Effective inheritance tax planning is essential to safeguard your estate and ensure your wishes are met, highlighting common pitfalls and strategies for mitigation as the 2024/25 tax year approaches.
Understanding National Insurance Contributions is essential for securing your State Pension, influencing eligibility and amount received upon retirement.
The UK Gift Aid scheme enables taxpayers to amplify charity donations at no additional cost, allowing charities to reclaim 25% tax on contributions, maximizing funding potential.
The article discusses various UK property investment options that don't require becoming a landlord, including REITs, property funds, crowdfunding, and managed buy-to-let arrangements.
Self-employed individuals must actively plan for retirement by exploring options like personal pensions, SIPPs, workplace pensions, and ISAs, while adjusting contributions based on fluctuating incomes and utilizing available tax relief.
