by AJN Accountants | Jan 9, 2025 | News
As announced in the Autumn Budget, the national minimum wage (NMW) and the national living wage (NLW) are set to increase from April 2025. Age of WorkerHourly rate from 1st April 2025Hourly rate from 1st April 202421 and over (NLW)£12.21£11.4418 to 20...
by AJN Accountants | Dec 23, 2024 | Advice
HMRC has tightened up the process for claiming tax deductible employment expenses following a series of high-profile scandals. If you incur job-related expenses of up to £2,500 which are not fully reimbursed by your employer you may be able to claim tax relief. For...
by AJN Accountants | Dec 20, 2024 | Pensions
At the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free. Currently, if a pension holder dies before the age of 75 their beneficiaries can generally inherit the remaining funds tax-free,...
by AJN Accountants | Dec 18, 2024 | Tax Planning
As expected, the Chancellor has confirmed the abolition of the generous tax regime enjoyed by non-UK-domiciled individuals, or ‘non-doms’. Broadly, the current rules apply to a UK resident whose permanent home – or domicile – for tax purposes is outside...
by AJN Accountants | Dec 9, 2024 | Property
The stamp duty land tax (SDLT) surcharge levied on purchases of second and subsequent homes has been increased from 3% to 5% with immediate effect. The higher rate applies to purchases of second homes and buy-to-let residential properties. The change applies to...
