tax trap Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/tax-trap/ North Devon's Leading Wealth Managers Wed, 25 Sep 2024 12:33:42 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.1 https://www.miltonpj.net/wp-content/uploads/2018/02/PJMCO-Site-Image-4-100x100.png tax trap Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/tax-trap/ 32 32 Don’t get fined if you have to complete a tax return this year https://www.miltonpj.net/2024/09/04/more-people-facing-self-assessment-tax-returns/ Wed, 04 Sep 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11378 Self-assessment Tax Returns are a pain for the self-employed and increasingly for many modest investors who may not have realised they need to complete one – with many more fines being issued as a result. A Freedom of Information (FOI) request from City platform AJ Bell notes has found that 3.6million people are due to […]

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]]> Sterling effort, investment and taxes https://www.miltonpj.net/2024/08/30/sterling-strong-against-dollar-investment/ Fri, 30 Aug 2024 15:45:37 +0000 https://www.miltonpj.net/?p=11340 The US Dollar’s the lowest against Sterling since April 2022. That’s a 20% ascent for Sterling since the Sept 2022 low. It has been weaker these last few weeks as it is expected that interest rates will be cut even though US inflation readings are mixed. Currency volatility can work for you or against you […]

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]]> Do you fall into the 60% tax trap? https://www.miltonpj.net/2023/05/31/do-you-fall-into-the-60-tax-trap/ Wed, 31 May 2023 09:10:00 +0000 https://www.miltonpj.net/?p=10656 Higher earners are being warned not to fall foul of the ‘60% tax trap’ that could eat significantly and perhaps unnecessarily into their earnings. This will not affect everyone, of course, but as of April, the additional rate tax threshold for income tax was reduced from £150,000 to £125,140, dragging more people into the higher […]

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