Meaning of Carried Interest

Meaning of Carried Interest

by | Jul 2, 2026 | Income Tax

Carried interest is essentially a share of the profits from an investment fund that is paid to the fund managers. Unlike a fixed fee, its value depends directly on the fund's performance. This type of payment is considered carried interest if it is a...
Avoid 60% Income Tax band

Avoid 60% Income Tax band

by | Jul 2, 2026 | Income Tax

A ‘60% Income Tax band’ can arises when an individual’s income exceeds £100,000 in a tax year. Once this threshold is crossed, the personal allowance is gradually withdrawn at a rate of £1 for every £2 of adjusted net income above...
Understanding dividend tax

Understanding dividend tax

by | Jun 25, 2026 | Income Tax

Understanding dividend tax is important for anyone who receives income from shares in a company. Dividends are taxed differently from salary, pensions and other forms of income, with their own allowances and tax rates. For the 2026-27 tax year, individuals do not pay...
Understanding your tax code

Understanding your tax code

by | Jun 18, 2026 | Income Tax

Your tax code tells your employer or pension provider how much Income Tax to deduct from your pay. It is set by HMRC, and you may have a different code for each job or pension. Most people with one job (or pension) use the code 1257L, which reflects the standard...