Income Tax Trends, Reforms and Allowances

Welcome to our latest episode of the Mortgage Livestream, where we delve into the latest industry trends, the future of financial advising, and the emerging role of mortgage advisors. This episode analyses the features of Dutch mortgages and their potential impact on the field.

Dive into a comprehensive discussion about protection booms, the shift towards holistic planning, and the efforts of the FCA to ensure advisors provide good value for fees. Aimed at mortgage advisors, brokers, and financial advisors, this episode promises to reveal trends set to reshape the industry.

In addition, kick start your CeMAP studies, CPDs, and updates with a valuable discussion about the Basis Period Reform. The episode also explores how this government-mandated initiative could hasten the taxation process for the self-employed, benefiting them and the system alike.

This episode ventures into taxation matters, starting with a clear breakdown of allowances and how they can be utilised to pay less tax legally. It covers a wide range of allowances from standard personal to the less commonly known, like the blind person's and marriage allowance. It also highlights the 'fiscal drag' phenomenon and discusses its implications on taxpayers.

Listeners will also gain insights into allowances related to property rent and renting a room. Wrapping up the episode, we provide an update on the relaunch of our CeMAP 2 podcast for a more in-depth understanding of the CeMAP 2 syllabus.

Enrich your understanding of the mortgage sector, stay informed on the latest developments, and enhance your career, whether you're a seasoned professional, a student, or simply interested in staying updated on tax-related matters.