I recently moved out of my old apartment located in the City of London. I am now based in Westminster. As a result, I now have to pay my council tax to Westminster City Council. Virtually all councils will offer various means and methods of payments to settle your council tax bill. Monthly direct debit […]
Taxes
How to claim EIS and SEIS tax relief
Earlier this year, I made a small investment in a company called Graphene Composite through the crowdfunding platform Crowdcube. Graphene Composite (GC) is a nano-materials technology company that combines graphene, aerogels and other materials to produce a range of composites that are extremely light, and yet extremely resistant. There are many applications for this technology. […]
How the 2018 Budget affects your personal finances and your business
The Chancellor of the Exchequer, Philip Hammond, delivered the 2018 Budget to the House of Commons. Most measures in the 2018 Budget will enter into force on 6 April 2019, which will mark the beginning of the new fiscal year. Or they should become effective at that time. The Chancellor indicated that a new “fiscal […]
Living the Silicon Valley dream in London: Venture Capital 101
Building a financial safety net should be everyone’s first priority. The safety net is what ensures that you can recover if you are ever knocked down financially. It is hard and takes time. If you completed all five steps, then congratulations. What you have achieved is truly amazing. You may still not be able to […]
Pension contributions in the United Kingdom: a crash course
The United Kingdom posted the biggest July government surplus in 18 years, according to figures published by the Office for National Statistics. Given the withdrawal of tax incentives for buy-to-let investors and significant income taxes, it is no wonder that the government’s coffers are in better shape. Yet, don’t bet on any significant tax breaks […]
Why you are probably also paying 60% of tax on your income
Let’s turn our attention to income tax brackets (or bands). It is generally a good idea to know how much income tax you are paying. Three reasons come to mind. First, you know how much net income you have left to save but also to invest. That’s crucial if you want to take control of […]