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Year-end tax planning for 2024–2025
As 2025 is now well underway, it’s once again that time of year when you need to consider your year-end tax plans. While there will be no Spring Budget this year, taxpayers must still get their tax affairs in order before the end of the tax year on 5th April.
New accounting rules regarding umbrella companies
Umbrella companies typically employ temporary workers on behalf of recruitment agencies and end clients. However, this structure leaves room for umbrella company fraud and tax avoidance, which is why they’re often under HMRC’s spotlight.
Should postgraduates repay student loans early?
Postgraduates with student loans will be liable for high effective marginal tax rates – which apply to every £1 above repayment thresholds – but partially or fully repaying all of their student loans might not make the most financial sense.
ISA allowance frozen until 2030
The increase in National Insurance Contributions (NICs) for employers that was announced in the 2024 Autumn Budget is due to take effect in a few months – from 6th April 2025.
What are the consequences of higher National Insurance Contributions?
The increase in National Insurance Contributions (NICs) for employers that was announced in the 2024 Autumn Budget is due to take effect in a few months – from 6th April 2025.
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