Tax Archives - Page 2 of 8

Now that you’ve got to grips with auto-enrolment, prepare for auto re-enrolment

May 25, 2016 by TIna

Category: Auto-enrolment & Financial planning for Businesses & Tax

Auto-enrolment, the government initiative which made it compulsory for all businesses to enrol their employees in a pension scheme, celebrated its third anniversary last October. Whilst most employers have by this point got to grips with what they need to do to comply with auto-enrolment, those businesses that were some of the first to implement the initiative face a new challenge three years on: the first phase of automatic re-enrolment.

Tax cuts now, payback later – what will the Budget of 2019 look like?

April 13, 2016 by TIna

Category: Budget & Economy & Tax & Uncategorized

The Chancellor will need to reduce borrowing by £32bn in 2019-20 – the biggest ever annual cash consolidation – in order to meet his Budget surplus target by the end of parliament, according to a new post-Budget briefing report published by the Resolution Foundation.

How long before pension tax relief fills the ‘Black Hole’?

April 11, 2016 by TIna

Category: pensions & Tax & Uncategorized

Before the March 2016 Budget there had been much speculation that the Chancellor was planning big changes to the tax relief on pensions. However, just before the Budget, the Treasury scotched rumours of such changes and subsequently there were no changes to pension savings tax relief in the forecast Budget.

The ‘Brexit’ impact on your pension

April 06, 2016 by TIna

Category: Budget & pensions & Tax & Uncategorized

In the lead up to the budget announcement, George Osborne seemed to bow to the pressure David Cameron and other members of the Conservative Party were putting on him to soften his approach when it comes to pensions and tax relief.

Three ways accelerated tax payments are likely to affect you

March 11, 2016 by TIna

Category: Accounting & Tax & Uncategorized

George Osborne announced last year that the tax system as we currently know it will be phased out by 2020, after the Treasury described the system of tax returns as “complex, costly and time-consuming.” In its place, a new digital system will be rolled out by the government which purports to be easier to use and manage for both individuals and businesses.

Could changes in pension tax relief spell the end of the pension itself?

March 10, 2016 by TIna

Category: pensions & Tax & Uncategorized

There’s a lot that’s likely to change about your pension in the near future, which in turn will have an impact on all sorts of other factors regarding savings for your retirement. Depending on what changes the government imposes on how pensions are taxed and the amount of tax relief allowed on pension contributions, you may end up needing to pay considerably more each month towards your pension, or even end up working several years longer before you can retire.

Now that you’ve got to grips with auto-enrolment, prepare for auto re-enrolment

Tax cuts now, payback later – what will the Budget of 2019 look like?

How long before pension tax relief fills the ‘Black Hole’?

The ‘Brexit’ impact on your pension

Three ways accelerated tax payments are likely to affect you

Could changes in pension tax relief spell the end of the pension itself?

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