You searched for pension

How to add pension contributions to my tax return

Wondering how to add pension contributions to your Self Assessment tax return and whether this is necessary? Find out here!

Pension Tax Relief calculator – TaxScouts

Calculate how much tax relief your private pension provider should automatically get you and how much more you’re entitled to from HMRC.

6 pension hacks every freelancer should know

Like tax, pensions are a notoriously unexciting conversation starter. Penfold helped us put together these six facts to learn about pensions.

Can I transfer an overseas pension to the UK?

Can I transfer an overseas pension to the UK? You may be wondering this if you work abroad and want to retire in the UK - read to find out!

How does the private pension tax relief work?

Are you looking for information on the private pension tax relief? Our short and easy to read guide has all the information you need.

How to reclaim NHS pension

When you contribute to the scheme but choose to opt out, sometimes you may be able to reclaim your NHS pension and benefits.

Pension lifetime allowance – TaxScouts Taxopedia

The Pension Lifetime Allowance is how much you can draw out from your pension plans and schemes, without paying tax. It is £1,073,100.

State Pension

A State Pension is a government-led pension scheme that you can claim to help you with everyday living costs. You claim it weekly.

Pension Annual Allowance – TaxScouts Taxopedia

The Pension Annual Allowance is how much money you can contribute to your pension pot each year while receiving pension tax relief.

Pension

A pension is a tax-efficient way of saving for when you retire from work. There are different types available, dependent on circumstances.

Pension triple lock

The pension triple lock is in place to make sure that the State Pension doesn’t lose value or isn’t overtaken by the rising cost of living.

Workplace pension – TaxScouts Taxopedia

A workplace pension is a way of saving for your retirement that’s arranged by your employer. You usually get tax relief automatically from it.

What are the most tax-efficient investments in the UK?

HMRC assumes interest from joint accounts to always be split down the middle. If you want to change this split, find out how to do it here.

Can salary sacrifice reduce tax?

Can salary salary sacrifice reduce tax you owe? Yes it can! It's a great hack to be more tax efficient. Click here for how it works.

60% tax? What to do if you just started earning over £100,000

If you’ve just started earning over £100k, you’ll realise you’re not paying tax at a marginal rate of 60%. Here’s how to lower it.

How do carers pay tax?

How do carers pay tax? You may still have to pay as a carer but you could also eligible for certain benefits.

Do I pay tax on money invested in Nutmeg?

So, do you pay tax on money invested in Nutmeg? Well that depends - it’s a little bit more complicated than a straight yes or no answer.

Carry forward – TaxScouts Taxopedia

Carry forward means taking a loss from the current year to the next year – and claiming it next year just like you would claim an expense.

What is the Christmas Bonus tax-free payment?

A £10 tax-free bonus from HMRC for Christmas is usually made in the first full week of December, so keep your eyes peeled if you qualify.

The 2023 Autumn Budget

The 2023 Autumn Budget is a statement by the Chancellor of the Exchequer revealing plans for raising and spending money for the year.

What is EU community tax?

EU community tax: what even is that? If you work for an EU institution, it’s important to understand everything there is to know about it.

The benefits of a limited company

There are plenty of benefits of a limited company. Let's decide if setting one up is the right move for your and your business.

How to avoid paying tax on cryptocurrency

If you owe crypto tax, you can’t avoid paying it - but there are a few ways you can navigate the dreaded ‘crypto-tax’. Read about this here!

What does a Self Assessment form look like?

If you’re unsure what a Self Assessment form looks like, or how it should be filled in, don’t worry! They're not as complicated as they seem.

HMRC’s income record viewer is a game changer: here’s why

The highly anticipated income record viewer has finally touched down, and tax professionals across the country couldn’t be happier.

Auto-enrolment – TaxScouts Taxopedia

Auto-enrolment - "automatic enrolment for workplace pensions" - is when employers enrol employees into a workplace pension automatically.

Relief at source – TaxScouts Taxopedia

Relief at source is a way of giving automatic tax relief on the contributions that you made into your pension scheme. It's set at 20%.

How much is tax on investment income?

Tax on investment income varies in the UK. What you pay depends on the type of investment you make money from.

Are Twitch donations taxable? (UK)

Twitch is a live video streaming service. But, are the Twitch donations you receive taxable? We can help you navigate them!

How to upload your Uber income to TaxScouts

Want to file your tax return with TaxScouts but not sure how to upload your Uber income to your TaxScouts account? Look no further.

What is Tax-free income? – TaxScouts Taxopedia

Tax-free income is income that you earn on which you’re not liable to pay tax. There are lots of allowances that you can claim in the UK.

Partners

TaxScouts offer a simple, quick and jargon-free personal tax service. If your clients would benefit from it, let's talk partnerships.

Bye-bye High Income Child Benefit tax charge

Have you been caught out before by the High Income Child Benefit tax charge? Well, we've got good news! Things are about to change!

What tax-free allowances do you have?

Claiming tax-free allowances can significantly reduce the amount of tax that you need to pay. Find out more about these allowances here.

Interest on your savings is increasing your tax bill…

You may have already found out the hard way that interest earned on your savings is taxable. But, what does this mean for your savings?

How is tax different for film industry jobs?

Self-employment is a big factor in film industry jobs, especially if you work behind the camera. It's split between PAYE and those who file a tax return.

National Insurance (NI) – TaxScouts Taxopedia

National Insurance (NI) is a contribution paid to HMRC by employees, their employers, and the self-employed.

How much class 4 National Insurance do you pay? – TaxScouts

If you are self-employed and earn more than £12,570 (2023/24), you must pay Class 4 National Insurance contributions. See the rates here.

National Insurance Number (NINo) – TaxScouts Taxopedia

The National Insurance Number (NINo) is a number that proves you have the right to work in the UK when you're looking for a job.

Autumn Budget: what happened?

Chancellor Jeremy Hunt announces the 2022 Autumn Budget. Let's get you up to date on what's what and how it affects you.

Will I lose money now that my tax credits are changing to Universal Credit?

Do you receive child or working tax credits? By 2024, all those on tax credits will be switched over to Universal Credit.

Tax efficiency – TaxScouts Taxopedia

Tax efficiency is when a person or a business lawfully pays the least in tax that they need to. It is not the same as tax evasion.

Can I pay Self Assessment tax through PAYE?

Paying your tax bill through PAYE is when your Self Assessment tax bill is taken from your salary (or pension) in monthly instalments.

Adjusted net income – TaxScouts Taxopedia

Your entire taxable income is called your adjusted net income. This includes your salary, rental income, income from side hustles, etc.

When to start paying tax when you go self-employed

When you go self-employed, tax is a major point of confusion. Check out this article to learn when you're supposed to first start paying tax.

How to change your tax code

Get help with all things tax with TaxScouts, like how to change your tax code if you fear you may be on the wrong one.

Carer's Allowance – TaxScouts Taxopedia

The Carer’s Allowance is an allowance that you can claim if you care for someone for at least 35 hours each week.

Class 2 National Insurance – TaxScouts Taxopedia

You pay Class 2 National Insurance if you’re self-employed. For the 2023/24 tax year, it's £3.45 a week. It's scrapped from 6 April 2024.

Where’s my tax rebate?

Waiting for your tax rebate can sometimes feel like an eternity. Wondering where it is? We'll give you the ins and outs.

Can forex trading (UK) be a full-time job?

If you've just started forex trading (in United Kingdom), you probably want to know whether this can become a full-time job. Find out here!

We sort your Self Assessment for you. £169, all in.

Tax guides and articles

We sort your Self Assessment for you. £169, all in.

Looking for tax help?