Trusts are more common than many people realise. They can be used to protect assets or simply hold assets on behalf of another person. Here we look at the different sorts of trusts that might be used and give an overview of how they are taxed. The information that follows is intended purely as ...

Paying National Insurance can earn you the right to receive certain benefits, such as the state pension. We explain how National Insurance contributions (NIC) work and how to work out what you will pay. If you want information on how to get a National Insurance number (NINO) or what to do if you ...

This section looks at how the tax system interacts with applying for and repaying student loans. When applying for student finance, you may need to provide details about your and your family’s taxable income. After leaving your course, you may repay your student loans through the tax system whether ...

On this page, we explain briefly the two main ways tax is collected on income in the UK. We only deal with UK sources of income here. For more information on how UK capital gains tax is collected, see our page Capital gains tax. For more information on how foreign income is taxed in the UK, go to ...

On this page we explain what income tax is, explain who is liable to pay income tax and provide an overview of income tax rates.

Here, we briefly explain what tax is and who HM Revenue & Customs (HMRC) are.