Articles Tagged ‘Pension allowance’

Have you personally planned for your year end?

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It’s coming to the end of the tax year, so it is a good time to look at your personal finances and make a plan to maximise benefits from your personal tax allowance, pension contributions and capital gains.

HMRC warning not to use unfunded pension arrangements


HMRC are currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax and National Insurance contributions. Read our latest article to find out more.. 

Pension allowance: Make sure you enjoy your rainy day to the full

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According to latest available figures, over recent years, there has been a sharp upturn in the number of people breaching government rules on the annual pension allowance and who are running risk of HMRC clawing back tax perks.

Between the tax years 2012/13 and 2014/15 there was a staggering 79% increase in the number of people who saved more in a pension in a single year than the rules allow.

What has become ever-more apparent is that increasingly complicated pension rules are stalling a government drive to persuade people to save for later life. Now, more than ever, is the time for tax experts to step forward and offer help.

Pension contribution is tax efficient for both employee and employer


Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the annual input limit is not breached. The contributions are also deductible for the employer provided incurred wholly and exclusively for the purposes of the trade and paid before the end of the accounting period of the business. Read on more to find out how you could be benefitting.. 

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