Reduce your income tax bill
Yes, you can file without penalty until 28 February this year, but leaving it until the last minute is fraught with problems. If you are not registered with HMRC to complete your income tax return online, you will need an activation code, which the website says will take up to 10 days to arrive. Here are some things to remember that may keep your income tax bill lower:
Access to pensions at 55 blocked
Millions of savers will be blocked from transferring their pensions to access them at age 55 after the Treasury closed a loophole.
Investment into VCTs surges
The recently announced dividend tax rise is likely to increase demand for investment into venture capital trusts (VCTs), expert say. Read More
Over 40,000 challenge their council tax bills
If you believe your property is in the wrong band, you can challenge it through the Valuation Office Agency to get your property revalued and moved into a different, cheaper band.
Inheritance tax shake-up on the cards?
Inheritance tax could be due a major overhaul, with a new report recommending sweeping changes to gifting rules, life insurance policies and even who pays the bill.