Q. Is it true that people living in Scotland are going to pay less income tax? I thought they had voted to stay in the UK. A. Although you are obviously correct that the Scottish referendum confirmed Scotland’s place in the United Kingdom, the answer to your question is “maybe”. From April next year the Scottish Rate… Read more »
Q. I am a member of the University Superannuation scheme, which is changing next April. It will cost me more but the potential benefits are being reduced. I understand this is because the rising cost of pensions has meant there is a large deficit in the scheme. Is it still worth being a member or should… Read more »
Q. I run a small Limited Company employing three staff. Most of my personal income is made up from dividends from the Limited Company. Am I right in assuming that I will experience a rise in taxes next year because of the recent budget? A. Yes most likely, depending upon the level of income you take… Read more »
Q. I have just been awarded a pay increase which takes my salary to £54,000. We have 2 children and my wife gets child benefit for them, which I understand that we will now lose. Is there anything we can do to retain this benefit? A. The High Income Child Benefit Charge was introduced on 7th January… Read more »
Q. I have a reasonable job and I have accrued significant savings in my current account having saved more than I have spent over the last few years. Currently I hold around £95,000 – with little or no interest on these savings from my bank, I would like to know what other options are available for… Read more »
