The Department for Work and Pensions (DWP) has announced several updates effective June 2025, impacting recipients of Personal Independence Payment (PIP), Universal Credit, and State Pension. These changes aim to provide enhanced financial assistance to eligible individuals. June 2025 DWP Updates : Personal Independence Payment (PIP) Adjustments Starting June 2025, PIP rates have been increased […]
In 2025, the United Kingdom continues to grapple with economic challenges, including rising inflation and increasing living costs. To support vulnerable households, the Department for Work and Pensions (DWP) has introduced the Cost of Living Payments. This article explores the structure, eligibility, and impact of these payments on low-income households. Understanding the 2025 Cost of […]
In 2025, the UK continues to face significant economic challenges. Inflation remains high, energy bills are elevated, and the cost of everyday essentials like food and transportation continues to rise. These financial pressures have left many households struggling to keep up, particularly those on low incomes or fixed benefits. To alleviate some of these burdens, […]
In recent weeks, the global economic landscape has been significantly altered by a series of trade tariffs introduced by U.S. President Donald Trump. These tariffs have not only escalated trade tensions worldwide but have also had profound implications for the UK economy, particularly in the housing and mortgage sectors. This article explores the recent mortgage […]
Trump’s Tariffs proposed implementation particularly on Chinese and European imports, has sparked renewed debates about global trade. In an increasingly interconnected global economy, political and economic decisions made in one part of the world often ripple across borders. While the immediate focus tends to be on the U.S. and its direct trade partners, the effects […]
Tax planning for married couples or civil partners has long been an effective strategy for enhancing tax efficiency . This Tax efficiency planning strategy is particularly beneficial for utilizing tax allowances fully, especially regarding capital gains tax (CGT) and income tax. One of the significant advantages for married couples or civil partners is the ability […]
Being a company owner, you likely have a personal vehicle or car Efficiently that you may or may not manage through your company. There are two common approaches for handling the business portion of private vehicle expenses: Own the Car Personally and Charge Mileage: You can own the car personally and charge your company at […]
Accounting and Finance
Tax-Efficient Strategies for Extracting Company Profits in the UK through salary
When it comes to extracting money from your company, a common approach is to take a small salary and the balance via dividend. Usually, company owners are advised to take a salary equal to the personal allowance, with the rest drawn as dividends. However, this isn’t always the most tax-efficient method. In the UK, determining […]
For anyone who owns or is considering acquiring trading premises or any commercial property, utilizing a Small Self-Administered Scheme (SSAS) can be a highly tax-efficient strategy. . Many business owners either hold their commercial property personally or within their company, but both approaches have significant drawbacks. Holding property within a trading company exposes the asset […]
Share buybacks could be a powerful tool if you’re not ready to sell your company to a third party but want to start stepping back from day-to-day operations. This strategy allows you to realize the value of your shares at the advantageous Business Asset Disposal Relief rate of 10% CGT. In essence, a company buyback […]