Moira Accountancy

We would like to wish all our of lovely clients a very Merry Christmas and a Happy & Prosperous New Year for 2020.
Our office is now closed for the festive period & will recommence for business as normal from 09.00 2nd January.
We look forward to seeing clients, both old & new, in 2020.

We would like to wish all our of lovely clients a very Merry Christmas and a Happy & Prosperous New Year for 2020.
Our office will be closed from 13.00 tomorrow 20th December & will recommence for business as normal from 09.00 2nd January 2020.

We would like to wish all our of lovely clients a very Merry Christmas and a Happy & Prosperous New Year for 2020.
Our office will be closed from 13.00 20th December (this Friday) & will recommence for business as normal from 09.00 2nd January 2020.

We would like to wish all our of lovely clients a very Merry Christmas and a Happy & Prosperous New Year for 2020.
Our office will be closed from 13.00 20th December & will recommence for business as normal from 09.00 2nd January 2020.

We would like to wish all our of lovely clients a very Merry Christmas and a Happy & Prosperous New Year for 2020.
Our office will be closed from 13.00 20th December & will recommence for business as normal from 09.00 2nd January 2020.

We are closed for the bank holiday Monday 26th August reopen Tuesday 27th @ 9.00

We will be closed for the holidays on Thursday 11th @ 13.30, Friday the 12th July and Monday 15th July. We will reopen Tuesday 16th July.

Moira Accountancy Services Ltd would like to wish all our clients a very Happy Easter 🐣
Office reopens Monday 29th April 9am.

Change 12
12. Minimum wage rises - £691.60 extra
There's a decent rise for minimum wage workers too
... National living wage – the minimum wage by any other name - is going up on April 1. That means more money in the posckets of an estimated 2million workers.
The rate is rising 4.9% from £7.83 to £8.21 an hour for those aged 25 and over - worth £691.60 a year to someone working a 35-hour week.
Rates for younger workers rise too.
They go up from £7.38 to £7.70 for people aged 21-24, from £5.90 to £6.15 for the 18-20 age group, and from £4.20 to £4.35 for those aged 16-17.
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Change 11
11. Capital gains tax - £84 savings
You can now make more money from your assets before tax is applied thanks to in increase in the capital gains tax threshold.
... This tax applies to money you make selling things that have risen in price - although your main home is excluded as is any money you have in ISAs or your pension.
Outside of that, thought you can be hit with up to 28% tax on profits over £11,700.
From April that limit is going up to £12,000, saving you up to £84.
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Change 10
10. More expensive houses passed on without tax
More of your house can be passed on tax free too
... The Government is also raising the "Residence Nil Rate Band". This is a specific allowance for leaving property to direct descendants such as children and grandchildren after your death.
While the tax-free amount for inheritance tax purposes has been stuck at £325,000 since 2009, the new residence nil-rate band gives a boost to anyone passing on their home – and it will rise again this April
“From April 2017 those with a residential property were given an extra £100,000 inheritance-tax-free allowance, increasing to £125,000 last year and from April 6th this will increase again to £150,000.
“However, there is tricky small print with this allowance, as the property must be left to direct descendants, so a child, grandchild, or their spouse. Anyone with an estate valued at more than £2m will also start to lose the allowance by £1 for every £2 they are over this limit.”
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Change 9
The Universal Credit Work Allowance (the amount people can earn before benefits start to taper) will increase by £1,000 a year.
The 'work allowance' is the amount of money you’re allowed to earn before your Universal Credit payment is affected.
... Your Universal Credit payment will then go down by 63p for every £1 you earn above this amount. This is called the earnings tape
So by raising this allowance, people can earn more money before their payments are reduced.
The Government says that about 2.4million households will get to keep an extra £630 each year
Disability benefits and premiums will also rise, as will Widowed Parents’ Allowance, Maternity Allowance and Pay, Paternity Pay, Sick Pay, Pension Credit and all carer elements and premiums.
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Moira Accountancy Services Ltd Easter Closing Times🐣🐥 Fri 19th April - Monday 29th April

Change 8
8 . Marriage Allowance - £12 extra for couples
So far, 3.5 million couples are benefiting from Marriage Allowance - which was introduced in April 2015 - but many couples who could be eligible for cash are missing out.
... Marriage Allowance lets lower income workers to transfer £1,190 of their Personal Allowance to their husband, wife or civil partner - if their income is higher.
This reduces their tax by up to £238 for 2018/19 tax year.
This will increase from £1,190 to £1,250, and the amount that can be saved will rise from £238 a year to £250 - an extra £12 of savings.
HM Revenue and Customs (HMRC) estimates around 700,000 couples are eligible for the free tax break, worth up to £238 this year, but haven't signed up.
The better news is you can back date the claim, so could get hundreds back.
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Change 7
7. More tax-free savings for children
The main ISA limit - that is to say how much you can squirrel away to earn money tax-free in an ISA each year - has been held at £20,000.
... The limit for lifetime ISAs and help-to-buy ISAs - where extra cash is added on top by the Government - is also not moving.
But the allowance for junior ISAs is rising - meaning parents can now save £4,368 a year on behalf of their children - £108 more than last year.
That's £364 a month for those with regular monthly payments.
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Change 6
6. Bigger pensions before tax kicks in
You can save more for your retirement tax-free too
... You might not realise it, but there's a limit to how much you can save into your pension before it gets taxed.
If you have too much in there you face a tax of at least 25% on your savings and maybe as much as 55%.
So it's good news it's rising. And from April the Lifetime Allowance for pensions will increase with CPI from £1,030,000 to £1,055,000. Meaning you can save £25,000 extra before being hit by tax.
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Change 5
5. Extra cash for retired people - £221 extra
The State Pension is also rising in April.
... “Anyone in receipt of the state pension continues to benefit from the triple-lock, which pegs the payment to the highest of average earnings, CPI inflation or 2.5%," said AJ Bell's Tom Selby.
“With average earnings the highest figure this year, pensioners will enjoy a 2.6% increase in their state pension income from April 6th."
The old Basic State Pension rising £3.25 to £129.20 a week, and the new State Pension rising £4.25 to £168.60 a week.
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