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The deadline to top-up NIC contributions has been extended. In certain circumstances it can be beneficial to make voluntary National Insurance Contributions (NICs) to increase your entitlement to benefits, including the State or New State Pension. Usually,... read more

National Insurance when working abroad can be confusing. If you move abroad, it can often be advantageous to continue paying your UK National Insurance Contributions (NICs) in order to preserve your entitlement to the State... read more

If you earn over £100,000 in any tax year your personal allowance is gradually reduced by £1 for every £2 of adjusted net income over £100,000 irrespective of age, so you end up losing your... read more

HMRC interest rates have increased again. The Bank of England’s Monetary Policy Committee (MPC) met on 10 May 2023 and voted 7-2 in favour of raising interest rates by 25 basis points to 4.5% in a... read more

Spring Budget Summary 2023 As expected, the Chancellor, Jeremy Hunt, resisted pressure to reduce taxes in any significant way, and the majority of his announced changes were already in the public domain. According to the Chancellor,... read more

Autumn Statement Summary The new Chancellor of the Exchequer, Jeremy Hunt, has delivered his Autumn Statement to the House of Commons against a backdrop of a worsening cost of living crisis and with confirmation from the... read more

This so-called mini-budget actually morphed into a series of major  announcements by the new Chancellor Kwasi Kwarteng. The expected reversal of the 1.25% increase in National Insurance contributions in the current tax year was confirmed and... read more