• Limited Companies
  • Sole Traders
  • Resources
The Female Accountant The Female Accountant
enquiries@thefemaleaccountant.com
The Female Accountant
Close
Book a Call
enquiries@thefemaleaccountant.com
  • Home
  • About
  • Limited Companies
  • Sole Traders
  • Resources
  • Our Clients
  • Fees & Pricing
  • Contact
(Our Resources)

Our Blog & Tools We’ve
Created for You.

Read Article
7 February 2026

Need Your SA302 for a Mortgage? Here’s How to Download It from HMRC

Read Article
7 January 2026

How to Legally Reduce Your Corporation Tax Bill

Read Article
7 January 2026

Voluntary VAT Registration: Could It Save Your Business Money?

(Follow Us)
(@thefemale.accountant)
The UK is in its trillion-dollar debt era… and we’ The UK is in its trillion-dollar debt era… and we’re not even at the top of the list! 💸🌍The US takes first place with $38.27 trillion in government debt, followed by China and Japan. Meanwhile, the UK is sitting in fourth place with over $4 trillion! 🚩But here’s something you probably didn’t know… 🇱🇮 Liechtenstein and 🇳🇺 Niue are often cited as two places with little to no national debt. Yes, apparently that’s a thing?! ✨So why are other countries borrowing so much money? Well, governments borrow to cover spending on things like healthcare, education and infrastructure when the money coming in from taxes isn’t enough.And here’s the interesting part… having the most debt doesn’t automatically mean a country is doing the worst financially! It’s also about how much debt they have compared to the size of their economy and whether they can afford to manage it💰Source: IMF / Visual Capitalist (2025), World Population Review.
👀 Your pension could soon be subject to inheritanc 👀 Your pension could soon be subject to inheritance tax… and here’s why you need to know about it! 💸From 6 April 2027, most unused pensions will be included when calculating inheritance tax. This means your pension could push the total value of your estate over the tax-free threshold.Here’s what that could look like👇🏾 🏡 Property and savings: £300,000 💰 Unused pension: £100,000 💸 Total estate: £400,000That’s £75,000 ABOVE the standard £325,000 inheritance tax threshold.🚩 Potential inheritance tax bill? £30,000!But before you panic, this doesn’t mean everyone will have to pay inheritance tax! 👀The 40% tax normally only applies to the amount above your available tax-free threshold, and additional allowances or exemptions could reduce your bill.For example, if you’re leaving a qualifying home to your children or grandchildren, you may be entitled to an additional £175,000 tax-free allowance✨The example above assumes only the standard £325,000 allowance applies, with no debts, exemptions or additional allowances.💬 Did you know your pension could soon count towards inheritance tax?Source: GOV.UK / HMRC.
A 2.5% deposit to buy your first home?! 🏡✨ If sav A 2.5% deposit to buy your first home?! 🏡✨If saving for a house deposit feels never-ending, this might be some good news for you!Andy Burnham has announced plans for a new ‘Your First Home’ scheme, which could allow first-time buyers in England to purchase an eligible new-build home with just a 2.5% deposit and a government equity loan of up to 20% 💰 So on a £200,000 home, you’d only need a £5,000 deposit!Of course, there’s a little more to it 👀 The government loan would need to be repaid, and income limits, property price caps and other eligibility rules will apply.Nothing is open for applications just yet, with more details expected at the October Budget ✨💬 Would a 2.5% deposit make buying your first home feel more achievable?Source: GOV.UK, September 2026.
Your tax code changed. Do you know why? 👀 Your em Your tax code changed. Do you know why? 👀Your employer uses it to work out how much Income Tax comes out of your pay, so a change could affect what lands in your account each month💸It might be something straightforward: you’ve started a new job, but HMRC still has your old one on record. Or your estimated income or company benefits have changed. A new code doesn’t automatically mean there’s a problem, but you want to know what’s behind it.Check the reason in the HMRC app, make sure the details are right and update anything that isn’t. Then keep an eye on your payslip. It’s your money…don’t leave it to guesswork🩷
A pay rise takes you into the 40% tax band. Do you A pay rise takes you into the 40% tax band. Do you suddenly pay 40% on your whole salary? No💸Say you earn £55,000: First £12,570 → 0% Income Tax
Next £37,700 → 20% Income Tax
Final £4,730 → 40% Income Tax That’s £1,892 taxed at 40%, not £55,000 taxed at 40%.A higher tax band only applies to the slice of income above the threshold 🩷Example for the 2026/27 tax year in England, Wales and Northern Ireland, assuming the standard Personal Allowance. Income Tax only; National Insurance and other deductions also affect take-home pay.
The side hustle is bringing in money? Love that fo The side hustle is bringing in money? Love that for you. Now let’s make sure the admin is handled too💸If you made over £1,000 before expenses from freelance work, content creation or reselling between 6 April 2025 and 5 April 2026, check whether you need to complete a tax return.If you do and you’re new to Self Assessment, 5 October 2026 is the date to tell HMRC. You’re registering to file, your online return and tax payment are due by 31 January 2027.Already registered and filing? You don’t need to register again. Made £1,000 or less? You may not need to register for that income, although there are exceptions🩷👀General information only: check your own circumstances using HMRC’s Self Assessment checker.
(SITEMAP)
  • Home
  • About
  • Limited Companies
  • Sole Traders
  • Resources
  • Our Clients
  • Fees & Pricing
  • Contact
(SOCIAL)

Instagram
Linkedin
Facebook

(CONTACT)

Email us
Telephone us

© 2026 The Female Accountant Limited.

Company Registration: 12685133.
VAT Number: 437231901. All Rights Reserved. Privacy Policy.

The Female Accountant