Archive for January 2019

Understanding the Child Benefit Charge

Child Benefit Charge

January 7 marked the fifth anniversary of the Child Benefit Charge – a tax on child benefits, an imposition that is still not widely understood.  The High Income Child Benefit Charge (HICBC), to give child benefit tax its correct name, was introduced in a rush by George Osborne – so much so that it began…

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Shake up your New Year’s resolutions

New Year resolutions

Some people prefer to talk about intentions rather than new year’s resolutions. And to try to look beyond the short-term goals to longer term outcomes to boost the likelihood of sticking to them.  Here are four simple financial New Year’s resolutions. They need only one-off actions, so they should be easier to stick to. And…

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New earnings thresholds for auto-enrolment

Tax levels are changing for auto-enrolment pensions

In early December the Department for Work and Pensions (DWP) announced the thresholds that should apply to automatic enrolment pension contributions from 6 April 2019. We say ‘should’ because, strictly speaking, they need final approval from the Secretary of State, although any change is extremely unlikely. There are three key levels to be aware of:…

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