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How is the National insurance cut calculated?

How is the National insurance cut calculated?

HMRC has updated the National Insurance (NI) threshold changes from July and launched an online tool to help people better understand how much tax savings the update will save. This policy basically covers most groups, and from July 6, 2022, the threshold will be...
Warning of rising cost of living this autumn

Warning of rising cost of living this autumn

Sources: The Institute for Grocery Delivery (IGD) says prices will rise by 15% as households pay more for staples such as bread, meat, dairy and fruit and vegetables. Not only that, but IGD also warns that people with more vulnerable funds may skip meals. The IGD also...
What is Making Tax Digital?

What is Making Tax Digital?

Making Tax Digital, currently underway, is a key part of the government’s plan to make it easier for individuals and businesses to gain tax rights and take control of their taxes. HMRC has also developed a fairly strict fine model to ensure that all companies...
Q&A:How can I get the State Pension

Q&A:How can I get the State Pension

“I’ve been working hard and making uninterrupted contributions to the social security system. I want to know if I can get a retirement salary to protect my old age when I’m old? When will I be eligible for the State Pension?” We recently...
Everything you need to know – Help to Buy

Everything you need to know – Help to Buy

Help to Buy is a government scheme designed to help first-time homebuyers buy a property with a 5% deposit. You can borrow 20% of the purchase price (40% in London) interest-free for 5 years. The government had planned to close the application channel on March 31,...

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