Personal Tax Guidance

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Additional information supplementary pages

Tolley provides this great tax content on additional information supplementary pages to help you keep your customers keep abreast of tax policy updates.
Latest Guidance
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3 Jun 2020

IntroductionEmployment-related securities (ERS) broadly means that the shares or securities in question are acquired in connection with an employment....

Personal_tax_img8
13 Mar 2020

The personal allowance is a deduction against net income that is available to all UK resident individuals (and some non-residents, see below). The...

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13 Mar 2020

The profits from the surrender of certain life insurance policies are treated as savings income (rather than capital gains) and taxed last after all...

Personal_tax_img4
13 Mar 2020

The maximum amount that an individual can build up in pension savings is limited in two ways:•first, the annual allowance limits the amount that...

Personal_tax_img9
13 Mar 2020

Life insurance products are used either:•to pay out a sum of money to a beneficiary when someone dies, or•as an investment vehicle to...

Personal_tax_img4
13 Mar 2020

Usually, allowable capital losses can only be set against chargeable gains. If the losses are not fully utilised against gains in the year in which...

Personal_tax_img
13 Mar 2020

The married couple’s allowance (MCA) is only available if one of the two spouses or civil partners was born before 6 April 1935. This means that...

Personal_tax_img7
13 Mar 2020

Annual allowanceThe annual allowance is the maximum amount which can be contributed (or deemed to be contributed) in a pension input period without...

Personal_tax_img9
13 Mar 2020

From 6 April 2015, an individual can elect to transfer 10% of the personal allowance (£1,250 in 2020/21 and 2019/20) to the spouse or civil...

Personal_tax_img2
28 Jun 2019

SummaryAs with any other discretionary option plan, a non tax-advantaged share option plan involves the granting of a specific number of options to an...

Latest Guidance
Personal_tax_img3
Personal Tax

IntroductionEmployment-related securities (ERS) broadly means that the shares or securities in question are acquired in connection with an employment. The term...

Personal_tax_img8
Personal Tax

The personal allowance is a deduction against net income that is available to all UK resident individuals (and some non-residents, see below). The basic personal...

Personal_tax_img10
Personal Tax

The profits from the surrender of certain life insurance policies are treated as savings income (rather than capital gains) and taxed last after all other income...

Personal_tax_img4
Personal Tax

The maximum amount that an individual can build up in pension savings is limited in two ways:•first, the annual allowance limits the amount that can be paid into...

Personal_tax_img9
Personal Tax

Life insurance products are used either:•to pay out a sum of money to a beneficiary when someone dies, or•as an investment vehicle to provide a return on an...

Personal_tax_img4
Personal Tax

Usually, allowable capital losses can only be set against chargeable gains. If the losses are not fully utilised against gains in the year in which they arise, the excess...

Personal_tax_img
Personal Tax

The married couple’s allowance (MCA) is only available if one of the two spouses or civil partners was born before 6 April 1935. This means that one member of the...

Personal_tax_img7
Personal Tax

Annual allowanceThe annual allowance is the maximum amount which can be contributed (or deemed to be contributed) in a pension input period without the member incurring a...

Personal_tax_img9
Personal Tax

From 6 April 2015, an individual can elect to transfer 10% of the personal allowance (£1,250 in 2020/21 and 2019/20) to the spouse or civil partner where neither...

Personal_tax_img2
Personal Tax

SummaryAs with any other discretionary option plan, a non tax-advantaged share option plan involves the granting of a specific number of options to an individual. These...