Posts Tagged ‘Tax Relief’

Taxing time for your pension

Thursday, 17 March 2011 15:18 Written by traceyevans 0 Comments

Tax relief on pension savings changes from 6 April 2011 in the UK. The changes are:

  • The amount of pension savings that can build up in any one tax year in a tax efficient way (called the ‘Annual Allowance’) reduces from £255,000 to £50,000 from 6 April 2011
  • The total value of pension benefits (called the ‘Lifetime Allowance’) that can be received when you take your pension without incurring an additional tax charge will reduce from £1.8 million to £1.5 million from 6 April 2012

 

Will I be affected?

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If I had a crystal ball……..

Wednesday, 02 June 2010 19:01 Written by traceyevans 0 Comments

There has been a huge amount of speculation about what the new budget will have in store both for business and us personally.

Obviously we can speculate endlessly and if I had a crystal ball I would give you the “heads up” now of all the proposed changes so that you could be ahead of the game (one for the world cup fanatics out there!).

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