Mosaac Financial Blog

With Christmas and the New Year over, it is time to turn your thoughts to planning for the tax year end. While many parts of the tax landscape have been frozen, such as the personal allowance and most income tax thresholds, that does not mean you should ignore tax year-end planning as we approach 5 April. Among the areas to consider are; ·      Pension contributions: The tax limits for pension contributions were eased at the start of the current tax year. You may now be able

With a general election less than 18 months away, thoughts are turning towards the potential policies of a new occupant of 11 Downing...

New income tax statistics from HMRC appear to be good news, but the numbers are not what they seem. This table, recently released by...

New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes...

New legislation is set to simplify one aspect of tax on divorce or dissolution. Marriage is not what it used to be. In 2020, 46% of...

The deadline to backfill your pre-2016/17 state pension contributions is nearing. When the new state pension was introduced in April...

New data from HMRC reveals there are now over six million people paying higher or additional rate tax in the UK. Source: HMRC. In recent...

Higher rate taxpayer numbers are rising sharply, and if that’s you, then independent financial advice is now more important than ever....

The changes to national insurance contributions (NICs) announced in the Spring Statement in March were not straightforward. Let’s set the...

A critical review of how the government taxes child benefits has raised a major question mark over HMRC’s approach to collecting...

I’m sure most of us, at this time of year, take the trouble to buy our other half a gift to celebrate Valentine’s day whether this be...