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...-29 to help fund public services millions of us rely on daily....
...Jeremy Hunt considers scrapping ‘non-dom’ tax status at the Budget...
...So that £2,000 would be tax-free....
...But the governments themselves are not very well insured. So it can become too much for them....
...Over the past 25 years, the tax-free allowance for capital gains increased from £7,100 in 1999-2000, peaking at £12,300 in 2020-21....
...The fund cites research that corporate tax rates have little effect on investment allocations, and proposes that developing countries could remove tax breaks for companies and invest in skills and connectivity...
...The US is urging Europe to slash taxes on earnings from frozen Russian assets as part of a proposal to fund Ukraine by borrowing against future profits that it says will free up $50bn....
...Public research, R&D tax incentives and research grants were the most cost-effective tools for governments to use, the research found....
...In 2016-17 you could enjoy £5,000 a year in tax-free dividend income from assets outside a tax-free wrapper such as an individual savings account (Isa)....
...The British Isa will offer retail investors a £5,000 tax-free allowance on top of their existing annual £20,000 limit....
...If you are lucky and wealthy enough today to be able to max out your £20,000 tax-free Isa allowance, under the UK Isa proposal you would be able to invest another £5,000 free of tax — so long as all of that...
...To watch a recording of the FT’s free Isas and tax-free investing webinar featuring Claer Barrett, Moira O’Neill and Timi Merriman-Johnson, click here....
...Isa savers are exempt from paying tax on savings interest, dividends or capital gains on funds held in Isa accounts. Withdrawals are also not subject to income tax....
...Investment Savers will be handed a higher tax-free allowance for investments if they plough cash into UK equities....
...Crystallising is the process of accessing the funds in your pension. Usually, to activate the process, you extract the first 25 per cent of the amount you hold in your pension as a tax-free lump sum....
...Based on how much they want to save and their income tax rate, parents must decide if it is worth taking a higher rate and a potential tax bill, or a lower rate that is free of tax....
...Free links: The great stink of Thames Water Raw sewage discharges in England and Wales hit record levels UK seeks to quell public anger on sewage with £11mn restoration fund Senior MP quits Tory parliamentary...
...There would need to be increases to income tax, national insurance or VAT to raise the funds that would be needed....
...There are free-market Conservatives salivating over the progress of Javier Milei in Argentina....
...But the evidence is that “drawdowners” are not foolishly raiding their pension funds....
...Free Links: George Galloway wins divisive Rochdale by-election Galloway victory points to frustration with UK political establishment The price of not policing the Tories’ paranoid frontier Jeremy Hunt...
...The existing £20,000 tax-free allowance has been in place since 2017-18. It can be split between cash and other investments....
...After that, the free estate can be passed to grandchildren, parents, siblings, aunts and uncles and grandparents....
...Governments could also use the proceeds to create trust funds for people in the bottom half of society, who typically own almost no wealth....
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