Future Measures……

Moving forward to the Budget 2016 and the various consultations in place here are some of the items we expect to see:

• Salary Sacrifice – Further consultation is being sought to assess what action can be taken to combat the rise in use of these arrangements.
• Pension Tax Relief – We expect to see further restrictions on pension tax relief currently £40,000 limit for higher rate relief to be announced.
• ISA Tax Relief in Probate – Expecting to see legislation to allow the ISA tax relief to apply during the estate administration period.
• Loan Relationships – Following new accounting standards being introduced further rules on corporate debt relief are expected.
• Tax Avoidance – Various new measures are expected to penalise those who undertake these schemes.

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Tags: #AS2015, future budget changes, loan relationships, Pension tax relief, Salary sacrifice, Tax avoidance