Business & Finance Questions and Answers in The AnswerBank

Cash Isa Query

Can I add 20k to an isa every year and the interest be tax free? Therefore if I maxed out my annual allowance for 10years, I could earn interest on 200k tax free? I've no pension at 45, thinking of... ...

Treacle71

What Can I Get Someone For Secret Santa For £5 Who’s A Cat Lady?

The rest of us wanted £10 secret Santa, but our boss said £5. Oh well. I just wondered if anyone had any ideas?

Treacle71

My Coworker Is Asking Me If I'll Cry On Her Last Day In The Office?

Well, my answer is no. I won't because part of me is glad she's going! Plus, I don't have strong connections in the workplace so no way would I cry. The workplace is purely somewhere to get... ...

Davidmus

Self Assessment Rental Income

Self-assessment for rental income involves reporting earnings from property rentals on your tax return. It includes calculating rental income, allowable expenses, and deductions like maintenance,... ...

Hymie

More Brexit Misery

It has been some time since I posted a video from my mate Phil. In this video he explains that border checks now being imposed on imports will add to the costs of goods in the UK, and for some it... ...

jw47

Money Gifts

If you inherit a substantial amount of money but under the Inheritance rate and you do not own your own property, can you gift more than the yearly £3000 or does the seven year survival clause... ...

dave50

Has The Energy Price Cap Discouraged Competition?

Since it was introduced, all the energy companies price their energy around that level with no significant differences. The rule of unintended consequences.

breadstick

Spiralling Debt

Hi I am in a very bad place currently with debt that is just getting worse every month with credit cards and overdrafts going up and up, I'm not trying to play the self pity card but there are... ...

curlyfries81

Self-Assessment

I have underpaid tax to the tune of £3,353. I know I have to pay it all back by 31 January 2025. I also have to pay back all my child benefit as my earnings for last year were over the threshold.... ...

Business & Finance