What we’re expecting to see in the Budget 2020

Based on rumours, political commentary and our professional hunches, here’s what we’re expecting to hear in the Budget on 11th March 2020: Entrepreneurs’ Relief – ER at 10% is currently available on sale of qualifying business assets, which include a trading business or shares in a trading business. The rate is available on lifetime gains up to £10m then usual … Read More

Autumn Statement 2015 – future measures

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 … 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

Pensions tax relief – changes ahead

From April 2014, the annual allowance for pension relief on pension contributions will reduce from £50,000 to £40,000. The move is aimed at reducing tax relief for higher earners with lots of disposable income and comes in as many companies are required to move towards a system of pension auto-enrolment for employees. To discuss how this change affects you and … Read More