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Pension drawdown – allowances

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...

Law breaking employers targeted

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...

Pensions for self-assessment

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...

Keeping track of pensions

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...