by Jessica Garbett | Dec 9, 2019 | ACCA, pensions, personal finance
A handy guide to help you review your state pension provision. An overhaul in April 2016 replaced the old two-tier system with a flat-rate state pension, which is now (in 2019/20) £168.60 per week. However, the amount a person is entitled to depends on their National...
by Jessica Garbett | Jul 12, 2019 | ACCA, pension reform, pensions
The MPAA in summary. Where taxpayers have accessed a pension, the amount they can pay into a pension and still get tax relief is the Money Purchase Annual Allowance (or MPAA) which for the tax year 2019-20 is £4,000. Where it’s exceeded it should be entered on the SA...
by Jessica Garbett | Jun 27, 2019 | ACCA, pension reform, pensions
The Pensions Regulator launches new campaign. In the coming weeks, The Pensions Regulator (TPR) will be targeting its new wave of compliance checks at employers across the UK who are suspected to be non-compliant with their automatic enrolment duties. Employers are...
by Jessica Garbett | Apr 22, 2019 | ACCA, pensions, personal finance, personal taxatation
The lifetime allowance charge (LAC) arises when a person has a pension scheme (or schemes) with a value of more than the lifetime allowance (LA). If there is a LAC then this gives rise to a tax liability which is paid to HMRC. A person may be a member of a number of...
by Jessica Garbett | Feb 7, 2019 | ACCA, pensions
Make sure you get the correct tax relief for pension payments. Pension contributions can be a complicated area but thankfully for self employed people with personal pensions it should be fairly straightforward. However, many clients do not understand exactly how the...
by Jessica Garbett | Sep 3, 2018 | ACCA, pensions, personal finance
Pensions never seem to stand still. From the increase in state age to the growing number of schemes individuals may be enrolled in, people increasingly have a range of queries State pension ages have been undergoing changes since April 2010. These changes have seen...
