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Fringe benefits

Article Abstract:

Fringe benefits, known as benefits in kind or perks, are non-cash items one receives on top of the salary. Many of these benefits are liable to income tax, but have a key advantage for employees in that they are usually free of National Insurance, a potential saving of pounds sterling 110 on a benefit worth pounds sterling 1,000 at the Class 1 National Insurance rate.

Corporate Taxes-Savings Incentives, Tax incentives

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Savings and investments

Article Abstract:

The income that one gets from savings and investments is treated in one of the three ways for tax- taxed before one gets it, taxable but paid gross, or tax-free. A brief description of a range of investments that are taxed, of tax-free investments, like Isas (individual savings accounts), and of basic tax return, is presented.

Forecasts, trends, outlooks, Tax Rates, Dividends, Dividend Policy, Taxation, Forecasts and trends, Market trend/market analysis, Savings, Company dividends

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Checking your income tax

Article Abstract:

Calculation of income tax for the year 2004-2005 for the UK citizens, is presented. The calculator considers different tax rates but does not cover taxable gains from life insurance and taxable lump sums from employers.

Tax Administration, Tax administration and procedure, Income tax

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