On the 27th October 2021, Chancellor Rishi Sunak unveiled the contents of his Budget in the House of Commons. Setting out the government's tax and spending plans for the year ahead, Mr Sunak said his plans were focused on the...
Posts Tagged ‘Pension’
Budget 2020 Overview
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...
A Guide To The Budget 2020
On 11 March 2020, the Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget in the House of Commons. Just before the Budget announcement, Mark Carney from the Bank of England announced a reduction in UK interest rates from 0.75%...
How Much Do I Need To Sell My Business For?
If your retirement plans are dependent on selling your business, my extremely capable accountancy colleagues at Alextra Group can help you with valuing your business for sale or for shareholder purposes. However, if you are looking to retire in the...
Don’t Miss Your Opportunity To Maximise Your Tax-Efficient Pension And ISA Allowance Before 5th April 2020
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...
Are You Paying Too Much For Your Pensions And Investments?
Whether we are talking about Pensions, ISAs, Bonds, Unit Trusts, OEICs etc… these will all likely have an underlying portfolio of investments. You may or may not know what you are paying for your investments. New regulatory disclosure rules introduced in...
Request That The Pension Charge Is Paid By Your Fund By 31 July
The Pension Annual Allowance tax charge depends on the individual’s marginal rate of tax. Where their income exceeds £150,000 it would be at 45%. Thus if the pension input for 2018/19 Was £40,000 and the limit is tapered to £10,000...
New Workplace Pension Limits From 6 April 2019
The amounts that employers and workers will be required to pay into workplace pensions are due to increase from 6 April unless the worker opts out. The new limits will be 5% from the worker and 3% from the employer....