We have 2 tip(s) under the heading Children.
Personal Pensions - You can pay up to £3600 gross a year into a personal stakeholder pension plan for your children. You will still retain basic rate tax relief out of your contributions meaning the net cost to you would be £2880. You should remember that they cannot take the benefits until they are at least 55 years old.
Children`s Income - Children are entitled to full personal allowance and lower rate tax bands. The income of your children is their`s in their own right, no matter how young they are. There are certain exceptions where income comes directly, or indirectly from you, which may still be treated as your income.
Keep up to date with tax news that affects you.
"They have created an easy and intuitive system which takes the burden out of completing a tax return."
"I have been with TWD for quite a few years and I would like to take the opportunity to say a big thank you to you and all the staff for making my life very straight forward and relatively uncomplicated."
"Many thanks for your kind assistance throughout this process; goes to show that you really need to know what you're doing regarding Inland Revenue and understanding the whole 'Tax business!' I am honestly still completely baffled!"
Thank you for this opportunity to say how delighted I have been with your services over the last ten years.It is so simple to use ...
I thank you for your letter dated 7/7/11 in which you confirm my tax return has been filed on line with HMRC.
To use their service was an excellent decision. Friendly, knowledgeable staff, able to answer my questions in a way I can understand, supported by efficient admin..
How to find an accountant to do your tax return