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