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.

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.

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