TAX AVOIDANCE Synopsis: HMRC has launched a new campaign with the aim of providing an opportunity for individuals in employment who have additional untaxed income from other sources to get up to date with their tax affairs in a simple, straightforward way. Date posted: Monday, May 12, 2014 In April, HMRC launched the ‘Second Incomes […]
PENSIONS – SIMPLIFIED TAX REGIME Synopsis: A fixed protection 2014 reminder Date posted: Monday, March 31, 2014 Fixed Protection 2014 elections will need to made this week (w/c 31/3/14) and no later than Saturday 5th April 2014. To apply on line here. Alternatively, if you are applying by post, applications must be received at HMRC […]
PENSIONS – PENSION REFORM 2014/15 Synopsis: Government announce relaxation to rules on timings of drawing PCLS with pension income Steve Webb has announced that the government is to change the current rules that require the income from a pension to be taken within 6 months of the pension commencement lump sum being drawn. The government […]
PERSONAL ALLOWANCES Synopsis: A £10,500 personal allowance could be announced in the Autumn Statement. Date posted: Wednesday, November 20, 2013 We commented in an earlier Bulletin on the Conservatives’ aspirations to increase the personal allowance to £12,500 if the party wins the next election. Pushing up the personal allowance is good politics: In isolation it […]
Use of Will provisions to save tax- a useful article and information we thought we’d share with you. The word.doc is available to download via the link below… Read the full document here >
Date posted: Monday, October 28, 2013 Over the last few years we have seen a growing trend for the Government to reduce the amounts which people can invest in the tax-privileged investments that are registered pensions. It was only a few years ago that the maximum annual contribution that a person could make to a […]
FINANCIAL TIMES Financial Times:” UK state pension to rise by £2.95 per week”. State pension payments are expected to rise by £2.95 a week from next April following the release of official inflation data this week. Click here to go directly to the article Financial Times:” Probes boost HMRC tax take”. The amount of tax collected by […]
