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190 results for "pension"
How to add pension contributions to my tax return
Wondering how to add pension contributions to your Self Assessment tax return and whether this is necessary? Find out here!
Pension Tax Relief calculator – Taxfix
Calculate how much tax relief your private pension provider should automatically get you and how much more you’re entitled to from HMRC.
6 pension hacks every freelancer should know – Taxfix (formerly TaxScouts)
Like tax, pensions are a notoriously unexciting conversation starter. Penfold helped us put together these six facts to learn about pensions.
Can I transfer an overseas pension to the UK?
Can I transfer an overseas pension to the UK? You may be wondering this if you work abroad and want to retire in the UK - read to find out!
How to reclaim NHS pension
When you contribute to the scheme but choose to opt out, sometimes you may be able to reclaim your NHS pension and benefits.
Understanding private pensions and tax
When you save into a pension, you may receive tax relief, which is a key benefit of private pensions and tax planning.
Limited company pension contributions explained ​
Limited company pension contributions are payments your business makes into your pension as an allowable expense.
Pension lifetime allowance – Taxfix Taxopedia
The Pension Lifetime Allowance is how much you can draw out from your pension plans and schemes, without paying tax. It is £1,073,100.
State Pension
A State Pension is a government-led pension scheme that you can claim to help you with everyday living costs. You claim it weekly.
Pension Annual Allowance – Taxfix Taxopedia
The Pension Annual Allowance is how much money you can contribute to your pension pot each year while receiving pension tax relief.
Pension
A pension is a tax-efficient way of saving for when you retire from work. There are different types available, dependent on circumstances.
Pension triple lock
The pension triple lock is in place to make sure that the State Pension doesn’t lose value or isn’t overtaken by the rising cost of living.
Workplace pension – Taxfix Taxopedia
A workplace pension is a way of saving for your retirement that’s arranged by your employer. You usually get tax relief automatically from it.
What is the 60% tax trap?
The 60% tax trap occurs when your income exceeds £100,000, causing you to lose your personal tax allowance.
What are the most tax-efficient investments in the UK?
HMRC assumes interest from joint accounts to always be split down the middle. If you want to change this split, find out how to do it here.
How does salary sacrifice work?
Wondering how does salary sacrifice work? Well, it lets you exchange part of your salary for benefits that reduce your taxable income.
Paying yourself a limited company director salary
The best limited company director salary balances PAYE, dividends, and pension contributions to keep your income tax-efficient and compliant.
How do carers pay tax?
How do carers pay tax? You may still have to pay as a carer but you could also eligible for certain benefits.
Do I pay tax on money invested in Nutmeg?
So, do you pay tax on money invested in Nutmeg? Well that depends - it’s a little bit more complicated than a straight yes or no answer.
Carry forward – Taxfix Taxopedia
Carry forward means taking a loss from the current year to the next year – and claiming it next year just like you would claim an expense.
What is the Christmas Bonus tax-free payment? 
A £10 tax-free bonus from HMRC for Christmas is usually made in the first full week of December, so keep your eyes peeled if you qualify.
What is EU community tax?
EU community tax: what even is that? If you work for an EU institution, it’s important to understand everything there is to know about it.
The benefits of a limited company – Taxfix (formerly Taxscouts)
There are plenty of benefits of a limited company. Let's decide if setting one up is the right move for your and your business.
Auto-enrolment – Taxfix Taxopedia
Auto-enrolment - "automatic enrolment for workplace pensions" - is when employers enrol employees into a workplace pension automatically.
What does a Self Assessment form look like?
If you’re unsure what a Self Assessment form looks like, or how it should be filled in, don’t worry! They're not as complicated as they seem.
HMRC’s income record viewer is a game changer: here’s why
The highly anticipated income record viewer has finally touched down, and tax professionals across the country couldn’t be happier.
Relief at source – Taxfix Taxopedia
Relief at source is a way of giving automatic tax relief on the contributions that you made into your pension scheme. It's set at 20%.
How to avoid paying tax on cryptocurrency
If you owe crypto tax, you can’t avoid paying it - but there are a few ways you can navigate the dreaded ‘crypto-tax’. Read about this here!
How much is tax on investment income?
Tax on investment income varies in the UK. What you pay depends on the type of investment you make money from.
Are Twitch donations taxable? (UK) 
Twitch is a live video streaming service. But, are the Twitch donations you receive taxable? We can help you navigate them!
How to upload your Uber income to Taxfix
Want to file your tax return with Taxfix but not sure how to upload your Uber income to your Taxfix account? Look no further.
What is Tax-free income? – Taxfix Taxopedia
Tax-free income is income that you earn on which you’re not liable to pay tax. There are lots of allowances that you can claim in the UK.
Interest on your savings is increasing your tax bill…
You may have already found out the hard way that interest earned on your savings is taxable. But, what does this mean for your savings?
Bye-bye High Income Child Benefit tax charge – Taxfix (Formerly TaxScouts)
Have you been caught out before by the High Income Child Benefit tax charge? Well, we've got good news! Things are about to change!
What tax-free allowances do you have?
Claiming tax-free allowances can significantly reduce the amount of tax that you need to pay. Find out more about these allowances here.
How is tax different for film industry jobs?
Self-employment is a big factor in film industry jobs, especially if you work behind the camera. It's split between PAYE and those who file a tax return.
National Insurance (NI) – Taxfix Taxopedia
National Insurance (NI) is a contribution paid to HMRC by employees, their employers, and the self-employed.
How much class 4 National Insurance do you pay? – Taxfix
Class 4 National Insurance is paid by self-employed individuals. It helps fund state benefits and is calculated based on your annual profits.
National Insurance Number (NINo) – Taxfix Taxopedia
The National Insurance Number (NINo) is a number that proves you have the right to work in the UK when you're looking for a job.
Carer's Allowance – Taxfix Taxopedia
The Carer’s Allowance is an allowance that you can claim if you care for someone for at least 35 hours each week.
Tax code – Taxfix Taxopedia (formerly TaxScouts)
The tax code is a special code used is by your employer or pension provider to work out how much Income Tax to take from your pay or pension.
Adjusted net income – Taxfix Taxopedia
Your entire taxable income is called your adjusted net income. This includes your salary, rental income, income from side hustles, etc.
When to start paying tax when you go self-employed – Taxfix (formerly TaxScouts)
When you go self-employed, tax is a major point of confusion. Check out this article to learn when you're supposed to first start paying tax.
How to change your tax code – Taxfix (formerly TaxScouts)
Get help with all things tax with Taxfix, like how to change your tax code if you fear you may be on the wrong one.
How much does it cost to create a limited company?
How much does it cost to create a limited company? From a £12 registration fee to insurance and accounting, here’s what to expect.
What documents do I need to file my tax return?
The documents Taxfix needs from you to file a tax return are different if you're self-employed, PAYE, etc. See which ones you need.
Tax efficiency – Taxfix Taxopedia
Tax efficiency is when a person or a business lawfully pays the least in tax that they need to. It is not the same as tax evasion. 
Where's my tax rebate? – Taxfix (formerly TaxScouts)
Waiting for your tax rebate can sometimes feel like an eternity. Wondering where it is? We'll give you the ins and outs.
Class 2 National Insurance – Taxfix Taxopedia
You pay Class 2 National Insurance if you’re self-employed. For the 2023/24 tax year, it's £3.45 a week. It's scrapped from 6 April 2024.
Class 3 National Insurance – Taxfix Taxopedia
Class 3 National Insurance is a voluntary payment that you can make if you have gaps in your NI record and you want to qualify for state pension.
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