Supporting a charity could give you that feel-good factor and provide a sense of purpose. When you’re looking at the benefits from a tax perspective, it might make financial sense in some circumstances too. Indeed, according to a June 2025 article published by Professional Adviser , more people are leaving a charitable legacy in their will as a way to reduce a potential Inheritance Tax (IHT) bill. The first step to making your charitable efforts tax-efficient is to make them

High earners striving to build wealth, dubbed “Henrys” (high earner, not rich yet), may find their tax position changes drastically as their income grows. Being aware of your tax liability now and in the future could allow you to create a financial plan that helps you get more out of your money by potentially reducing your tax bill. There isn’t a clear definition of how much you need to earn to be a Henry or what constitutes being “wealthy”. A huge range of factors could affe

24% of people think all their savings are tax-free, according to a Lloyds Bank  survey carried out in February 2025. However, they could be in for an unexpected shock, as the interest earned on savings might be liable for Income Tax. The good news is, there are often ways to reduce a potential tax bill on your savings. Read on to find out when your savings might be taxed and how to avoid an unexpected bill. 3 allowances that may affect whether you’re liable for tax on your sa