If you pay tax through the PAYE system, it is your employer’s responsibility to send HMRC information about your income, the amo-unt of taxes paid, and any benefits you receive in kind within the tax year. Once automatic reconciliation is done at the end of each tax year, you will know, one way or another, […]
Saving up for your travels is hard. Especially if you’re counting on tips to top up your income, or if you’re working whilst studying. However, you may just be sitting on a pile of cash if you’ve been overpaying PAYE. Your employer may have put you on the wrong tax code or an emergency tax […]
If you’ve been working in the UK and are ready for a new challenge, then take a look at these exciting opportunities with BUNAC. However for those of you who have been earning whilst in the UK, don’t forget to apply for your tax back to take advantage of these fantastic opportunities. Why take a […]
Wanting to realise some real cash? You could consider cashing out your pension, however, you may want to think about the tax implications of doing so. Here we take a look at cashed out pensions and what they entail when it comes to tax. Cashing Out Your Pension Are you one of those unhappy buyers […]
Claiming Back Tax from Australia When you return home after working in Australia, you need to lodge a tax return in order to claim back tax. If it was temporary, you will need to lodge an Australian tax return online after 30 June, upon your return to your home country. If it was permanent, you […]
Image by ScouserUK from Pixabay Do you want to save tax from your rental property? Keep this tax advice for landlords in mind whilst filing your tax return. Tax Advice For Landlords Deposits from your new tenants should be excluded from your property income tax return, so you don’t need to pay tax for them. […]
Find out more about cashed pensions Now that you’re allowed to take cash from your pension, it can be an ideal source of funds, especially if you really need cash, and you have no other sources available. But due to penalties and tax fees, you might want to do this the smart way. Take only […]
If you’re nearly ready to submit your self-assessment tax return for the 2015/16 tax year or perhaps you already have, then you may want to start thinking about the forthcoming tax year! With the 2016/17 tax year in mind, we thought we’d refresh you on your personal allowance so you know where you’re at when […]
Filing your self-assessment paper return and wondering how much you’ll be taxed? We break down the current income tax rates to keep you in the know! Wondering how much income taxyou need to pay for the tax year 2016/17? The answer would depend on the personal allowance and the tax rate applicable to you. […]
Can You Really Cash Out your Pension Before Age 55? Who doesn’t want to take advantage of the money you’ve been saving up almost all your life? It is your pension, after all, so you should be able to do with it as you wish. But it is this kind of thinking that could land […]