lifestyle
Can I retire because of ill health?
You’ll sometimes see this referred to as medical retirement or retirement on medical grounds. If you have a private or workplace pension, you might be abl...
Category: Lifestyle
lifestyle
How is investment income taxed in UK?
Tax on savings income is paid at 20%, 40% or 45%, depending on how much other income you have, while tax on dividends from investments is paid at 7.5%, 32...
lifestyle
What is letting relief for CGT?
Lettings relief is a valuable relief that may reduce the capital gains tax (CGT) payable on the sale of a property, which was at some point used as the ta...
lifestyle
Can 2 Ltd companies have the same name?
Your name cannot be the same as another registered company’s name. If your name is too similar to another company’s name or trade mark you may have to cha...
lifestyle
Do you pay tax on freehold property?
Does it apply to freehold and leasehold properties? Stamp Duty is payable whether you buy a freehold property, a new or existing leasehold property, or th...
lifestyle
Who can be a shareholder in a private limited company?
Work out your shares A company limited by shares must have at least one shareholder, who can be a director. If you’re the only shareholder, you’ll own 100...
lifestyle
Can I set myself up as an umbrella company?
Umbrella companies will ask you to sign their own standard contract between yourself as an individual employee and themselves. This contract will specify ...
lifestyle
How can I access my old Service Tax portal?
Visit click on Central Excise button and, enter your username and password to login in to Central Excise application. How to access Service Tax (ST) appli...
lifestyle
How do I become a sophisticated investor?
To be considered a sophisticated investor your accountant needs to certify that you: have earned an income of $250,000 or more per annum for the last two ...
lifestyle
What is the new tax code for April 2021?
The emergency tax codes for 2021-22 are 1257L W1, 1257L M1 and 1257L X. Your employer will use one of these codes when you first start a job, if you’re ge...
lifestyle
What career can I start at 32?
Here’s a list of the top 10 best career change jobs for those considering a midlife career change. Dental Assistant. Veterinary Technician or Technologist...
lifestyle
Can VAT flat rate scheme be backdated?
Backdating VAT Flat Rate Scheme Registration If you are registering for VAT and FRS at the same time, your VAT/FRS registration can often be backdated to ...
lifestyle
What are VAT accounts?
You must keep a separate record of the VAT you charge and the VAT you pay on your purchases. This record is called a ‘ VAT account’. You use the figures i...
