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...
by Jessica Garbett | Mar 28, 2018 | ACCA, pensions, personal finance, personal taxatation
With various reliefs available, what is the true cost of pension contributions to individuals? An individual under 75 years of age is entitled to tax relief on the contributions they make to a registered pension scheme during a tax year. An individual is entitled to...
by Jessica Garbett | Mar 22, 2018 | pension reform, pensions
This is in today from The Pensions Regulator, in their own words: On 6 April the minimum amount employers must pay into workplace pensions is going up On 6 April 2018, by law, the minimum amount employers have to pay into workplace pensions goes up to 2% of qualifying...
by Jessica Garbett | Mar 1, 2018 | business taxation, capital taxation, enquiries and tax disputes, pensions, personal finance, personal taxatation, property taxation
This time of year there are a lot of articles appearing in the media on year end tax planning – but its an ongoing process – here are our top twelve easy tips to keep tax bills under control – they are not just for year end, they are day to day: Make...
