If you are taxed under PAYE (employed) and that is your only income, it is unlikely that HMRC requires you to complete a tax return. While that is good news, if you are a higher-rate taxpayer making pension contributions to your own pension, you should inform HMRC about those pension contributions to receive higher-rate income tax relief. In other words, for every £80 net you have contributed, your tax bill will be reduced by at least £20. If you want to receive the higher-ra

We are delighted to announce that we have won our first national award. At the end of November, Bluecoat was nationally recognised for its Innovation in financial services. During the last 2 years (starting pre-Covid), Bluecoat has focused on improving our client experience. This has driven several innovations, some of which clients see and many that work behind the scenes to provide a better service to clients. The new innovations introduced include our client app Bluecoat

Recent data suggests the number of company car drivers continues to fall. Once upon a time, the aspiration of many an office worker was to climb the ladder to the height at which a company car became part of the remuneration package. The appeal of being liberated from the expenses of motoring – sometimes including ‘free’ fuel – was considerable. Source: HMRC. As the graph shows, the latest data from HMRC suggests that the lure of the company car is fading. However, HMRC is un

Since December 2010, instead of sending our clients traditional Christmas cards, Bluecoat Wealth Management has sent electronic greetings cards and added the money saved to our Kiva account. I first heard about Kiva, at a philanthropy talk given by the Charities Aid Foundation who described Kiva as a new kind of Charitable Giving* or a new way for Philanthropists to use their money. Kiva enables individuals and companies to lend to people and small businesses in the Third Wor