Budget 2020 Overview Introduction So was it the Coronavirus Budget, or the Infrastructure Budget? Or was it, as the Chancellor declared at the end of his speech, the ‘people’s Budget from a people’s government?’ It was certainly a Budget that was high...
Pensions There’s still time to invest up to £40,000 into a pension this tax year. To make the most of your pension allowance you can either contribute personally or from your business. There are a number of benefits to investing in a...
Profits from Private Limited companies attract Corporation Tax, currently at 19% at the time of writing. Business expenditure such as staff wages, supplies, bills etc are deductible from gross profits before the Corporation Tax is calculated. Pension contributions made by the...
We have a number of clients with either current or (more commonly) frozen Final Salary Pension Schemes as well as personal pensions or new employer workplace pension plans. When going through working life ‘collecting’ pensions it can be tricky and...
As the end of the 2018/19 tax year approaches, it is worthwhile taking time for some last-minute tax planning. Here are some simple tips that may save you money. 1. Preserve your personal allowance: the personal allowance is reduced by...