Fuller Spurling’s tax briefing on the 2020 Budget Surcharge on home purchases Help with Statutory Sick Pay during COVID-19 (Coronavirus) NIC allowance & holiday, changes from 6 April 2020 Easing the pension charges – thresholds increase Car & van benefits – changes to electric car savings Entrepreneurs’ relief capped Relief from business rates for […]
Fuller Spurling’s year-end tax review. Introduction, tax law changes to come? Interest on savings – how to reduce tax you pay by controlling the type of income you receive ‘Max out your state pension’ – have you checked if you’ll qualify for the full state pension? ‘Give & save’ – how Gift Aid donations […]
The month of March is a good time to review whether you have made sufficient pension contributions in the tax year, and to check whether you are in danger of exceeding your annual pension contributions allowance which would lead to a pension contributions tax charge.
You are probably too busy running your company to think about your pension . . .
Do you know how much state pension you will receive when you retire? You can find this figure though your online personal tax account.
If you have taken a lump sum from your pension fund you may have had excess tax deducted by the pension company, but you can reclaim it.
On 6th April 2018 employers with auto-enrolment duties will be required by law to increase the contribution they make to staff auto-enrolment pensions.
In order to receive the full flat-rate state pension (currently £159.55 per week) you need to accrue 35 years of national insurance (NI) credits. It’s easy to find out how many NI credit years you already have: log in to your online personal tax account on gov.uk/personal-tax-account. If you contracted out of the state pension […]
We help our clients with their business and tax issues and sometimes we can help with other concerns – for example recently we helped a client with their concerns about State Pensions.
Pensions auto-enrolment continues to be a hot topic (the TV and Radio advert saying “I’m in!”). It is also a very important one for all businesses with employees. This is the feedback from our recent seminar on auto-enrollment