The UK government has announced a record-breaking £13.9 billion in research and development (R&D) funding for the coming year. This major investment is designed to drive innovation, create quality jobs, and support long-term economic growth across the country.A large share of the funding, amounting to £8.8 billion, has been allocated to UK Research and Innovation…
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Child Benefit increases April 2025
Child Benefit has risen for 2025-26: £26.05 for eldest, £17.25 for others. Claim continues to age 20 in approved education. HICBC still applies for incomes over £60K - but PAYE option coming this summer!The child benefit rates for the only or eldest child in a family increased to £26.05 (from £25.60) for the 2025-26 tax…
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Higher rate tax relief on pension contributions
Want to make the most of your pension savings? You could claim up to 45% tax relief on contributions, plus carry forward unused allowances. Here's how to boost your retirement pot with generous HMRC incentives.Tax relief on private pension contributions is generally available up to 100% of your annual earnings, subject to specific limitations. The…
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Less than a year before MTD for Income Tax starts
MTD for Income Tax kicks off in April 2026 for those earning over £50k. Digital records, quarterly updates, and tougher penalties are on the way. If this affects you, it's time to get ready.Designed to modernise the tax system and improve accuracy, MTD will significantly change how Income Tax is reported and paid. With less…
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