Contents
Don't leave it to chance
Family tax planning
Tax payback - tax credits
Pay rise for the other half?
Jam today, or jam tomorrow?
Pension payments and tax relief
Employee pensions
Children's pensions?
Borrowings and tax
Investment limits
Employee cars and fuel
Give generously and save tax
Capital gains
Capital losses
Second homes
Company or trade?
Inheritance tax
Children's savings?
Business tax
Two jobs = too much NIC?
Should VAT be flat?
Mutiny and bounty
One careful owner
A matter of trust
If you have more than one employment, or an employment and a self-employment, you could end up paying too much in National Insurance Contributions. There is a maximum that any individual is supposed to pay in NIC in any year, and if two employers both deduct NIC, you may exceed the limit. It is a simple matter to apply for the limit to be operated, but it is supposed to be done before the start of a tax year in which you are likely to pay too much. It is always easier not to pay NIC than to get it back after paying too much!
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© Bayar Hughes & Co., 2010.