Income tax is a fundamental aspect of the UK’s tax system, impacting both individuals and businesses. Read through this post to enhance your understanding on income tax bands, allowances, rates, and how to calculate income tax liability for individuals and…
NICs are contributions paid by individuals and employers to fund state benefits, including the state pension and healthcare. You need to apply for National Insurance number to start paying National Insurance Contributions. National Insurance number never changes and could be…
National Insurance Credits Ensuring people have a future is a crucial role of National Insurance Credits as they contribute towards State Pension benefits and provides access to state support. It’s essential to know how to use and benefit from National…
The purpose of trust is to manage assets such as money, investments, land, and buildings; some common reasons for trusts being set up include controlling family assets, passing on assets to a beneficiary while you are alive or deceased, and…
Pension is a long-term investment, usually having the financial security during retirement phase. Individuals contribute to Pension fund throughout their working life using different means like personal contributions, employer contributions and government contributions. The various means to save money for…
