Are you ready for the end of the 2023/24 tax year?
Implications for businesses amid soaring pension tax relief
Recent statistics reveal a significant increase in the amount of annual pension tax relief, exceeding £50 billion for the first time.
BOO-st your tax planning this Halloween
When it comes to tax planning, timing is everything.
18-year-olds to be included in auto-enrolment expansion
A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions of young people across the UK.
Have your employees claimed their pensions? What business owners need to know
The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs. Recent data reveals that unclaimed pensions amount to a staggering £28,000 per person.
Beneficiaries could see inherited pensions taxed as new proposals by HMRC are published
Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax and Income Tax if it is under the Lifetime Allowance (LTA) But HM Revenue & Customs (HMRC) is proposing that these pensions are no longer excluded from marginal rate Income […]
Major pension reforms sparks rethink for UK savers
Several significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance.
How will the changes in the Spring Budget change pensions?
During the 2023 Spring Budget, the Chancellor announced changes to pensions, which may alter the way you save for retirement.
A guide to National Insurance and State Pension eligibility
Introduced in 2016, the new State Pension is a payment based on your National Insurance record when you get to State Pension age.