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Income Tax

Income tax is the tax which is paid on any income which you receive over a certain level - for example, income from your employment, pension, interest on savings or dividends, rental income etc.

Most people have a personal allowance, which is the amount of income they can receive before being taxed. For 2018-19 the basic Personal Allowance is £11,850 but can be higher for people over a certain age. Generally speaking anything over this level will be taxed.

Income Tax is something which many people often overlook as they have the majority of income tax deducted at source - i.e. it is automatically deducted from their income or from the bank interest.

Call our expert team for more help and advice or click the links below: 

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Wills, Probate and Trusts Team

If you are looking for legal experts to help you with your Asset Protection or Inheritance Tax Planning needs our team will give you a call back at the earliest opportunity fill in your details to the left. Alternatively, you can call our Doncaster office on 01302 341414 or our Sheffield office on 0114 272 1884
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