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.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Tax on your fringe benefits. Self-employment. Fringe benefits
- Abstracts: Faking it. Supermarket sound and vision. A day in the life of a trading standards officer
- Abstracts: Prints Charming. Best Buy monitor. Prints charming
- Abstracts: Seeking information. Sour advice. Food scares
- Abstracts: Cordless phones. Look, no hands!