HMRC will raise the Tax Free Personal Allowance to £13,006 through a lesser-known rule. If you spend your own money on items necessary for your job and these items are solely used for work purposes, you may be eligible to claim tax relief.
However, you cannot claim this relief if your employer reimburses you fully or provides an alternative, such as supplying a laptop when you would prefer a different make or model. If your employer has covered some of your expenses, you can only claim tax relief on the portion they have not paid.
Maintenance Payments Relief can reduce your Income Tax if you are making maintenance payments to a former spouse or civil partner.
You qualify for this relief if all the following conditions are met: either party was born before 6 April 1935, you are making maintenance payments under a court order following the end of the relationship, and the payments are for the upkeep of your ex-spouse or former civil partner (provided they haven’t remarried or entered a new civil partnership) or for your children who are under 21.
An additional £436 will push your Personal Tax Free Allowance over the £13,000 mark.
It’s also worth noting that donations made by people to charities or community amateur sports clubs (CASCs) are tax-free, reports Birmingham Live.
This is known as tax relief. The tax benefits either you or the charity.
The way this works depends on whether you donate through Gift Aid, directly from your wages or pension via a Payroll Giving scheme, land, property or shares, or in your will.
This rule also extends to sole traders and partnerships, although different regulations apply to limited companies.
By donating through Gift Aid, charities and community amateur sports clubs (CASCs) can claim an additional 25p for every £1 you donate. This won’t incur any additional costs for you.
