Pensions Archives

Reviewing Your State Pension

Earlier this year, a report suggested that half a million people could be paying ‘unnecessary’ tax on their state pension. The issue arises where someone carries on working beyond state pension age. At 65, state pension age is now the same for women as for men. It...

Pensions Re-Enrolment: Don’t Get Caught Out

Pensions

As an employer, did you know that you have a legal duty to re-enrol certain employees back into an automatic pension scheme every three years, even if they opted out the first time? Failure to do so could result in a penalty… If you were one of the thousands of...

Pensions Re-Enrolment: Don’t Get Caught Out

Auto-enrolment, Pensions

As an employer, did you know that you have a legal duty to re-enrol certain employees back into an automatic pension scheme every three years, even if they opted out the first time? Failure to do so could result in a penalty… If you were one of the thousands of...

The Rising Tide of Auto Enrolment

Auto-enrolment, Employees, Payroll, Pensions

Over the course of the next two years Auto Enrolment Pension contribution rates are rising. These changes will affect you as an employer as well as your employees. Currently the total minimum amount is 2% of qualifying earnings, of which the minimum for the employer...

New Allowance for Pension Advice

Pensions, Tax

A new allowance which will enable people to access pensions advice in a tax efficient way will commence in April 2017. Under existing rules, if you require advice regarding pensions you will normally have to pay a fee to a Financial Adviser. A new allowance being...

Year End Tax Planning Tips For Companies

Pensions, Research and Development, Tax

Corporation tax is set to reduce to 19% with effect from 1 April 2017 but opportunities still remain to reduce and defer corporation tax liabilities. Here are some you may wish to consider. MAXIMISE CAPITAL ALLOWANCE The annual investment allowance (AIA) provides...