From 6th April 2018, overall minimum contributions into qualifying pension schemes are set to increase. The minimum contributions are set to increase again from April 2019 and could represent a significant increase for some employees. The current rates and contributions for the next 2 tax years are as follows: Date effective Employer min. cont’n … Read More
Earn more than £150k pa? Think about your pension contributions now
Chancellor George Osborne is set to deliver his post election Budget on 8 July and it’s widely predicted that he’ll announce a restriction on pension tax relief for those earning in excess of £150,000p.a. The ‘pension raid’ is necessary to pay for increased inheritance tax breaks as announced in an earlier manifesto and professional bodies predict that it will be … Read More