The tax affairs of Armed Forces Personnel are
not always straightforward as there are a variety
of awards and allowances available which are
paid in addition to basic salary. Some of these
payments are taxable and others are not. The
Armed Forces Pension also has taxable and non-taxable
elements.
In addition, as referred to in our article last
time, there is a full exemption from inheritance
tax for military personnel who die either on
active service or later as a direct result of their
injuries. This relief is not well-known and often
overlooked. We can advise both clients and
probate specialists of the availability of this
relief and how to claim it.
The Low Incomes Tax
Reform Group has made a tax guide that specifically covers the special
taxation regime for Armed Forces personnel - read the Armed Forces tax guide
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