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Archive for the "Pensions, Savings & Investments" Category

pension

Pension Planning

15th January | Posted in: Pensions, Savings & Investments, Planning

For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers contributions by both the individual and their employer. Note ...

defer state pension

Should I defer my State Pension?

7th January | Posted in: Pensions, Savings & Investments, Planning

It is stunning, but with around 330,000 people reaching state pension age each year, many lose out on their entitlement by making ill-informed choices based on their life expectancy. In November 2018 ...

Other UK budget news

26th November | Posted in: Business Tax, Government Announcements, Pensions, Savings & Investments, Personal Tax

The annual ISA investment limit increased to £20,000 from 6 April 2017 and remains at that level for 2019/20. Dividends on shares held within an ISA continue to be tax free As previously announced th...

pension allowance

Pension lifetime allowance

20th November | Posted in: Pensions, Savings & Investments, Planning

This is the sixth and final blog in our pension series, which looks at the pension lifetime allowance and the consequences of exceeding this. The lifetime allowance is currently £1,030,000 and should...

salary exchange

Salary exchange

19th November | Posted in: Pensions, Savings & Investments, Planning

This is the fifth blog in our pension series, which considers the benefits of entering into a salary exchange agreement with your employer. Typically, an employer pension scheme requires contributions...

pension drawdown

Already in pension drawdown and want to keep contributing?

16th November | Posted in: Pensions, Savings & Investments, Planning

This is the fourth blog in our pension series, which discusses the impact on the pension annual allowance for someone who is already in pension drawdown. The general rule here is that if someone has t...

Pension Tax Charges and ‘Scheme Pays’

13th November | Posted in: Pensions, Savings & Investments, Personal Tax, Planning

This is the third blog in our pension series and looks at pension tax charges. Let’s consider the position where a taxpayer, even after considering carry forward allowances, has still over-contribut...

Pension complication!

8th November | Posted in: Government Announcements, Pensions, Savings & Investments, Planning

Cast your mind back to 6 April 2015 when the Government introduced a more flexible pension system.  From that date, anyone over age 55 could make unlimited withdrawals from their Defined Contribution...

Pension carry forward

8th November | Posted in: Pensions, Savings & Investments, Planning

This is the second blog in our pension series, where we discuss pension carry forward. Normally, the maximum amount that you can pay into your pension each tax year is £40,000.  However, as explaine...

newsletter

September 2018 E-Newsletter

1st October | Posted in: Community, Company News, Government Announcements, Pensions, Savings & Investments, Planning, Regulations, VAT

Welcome to our September E-Newsletter which we hope you enjoy reading. Our September blogs have included information on pensions which requires some careful planning.  Some of the rules can be compl...

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