On Wednesday 15 March 2023, the Chancellor unveiled the Budget which included several key tax announcements. We have listed some important tax changes below and commented on the Scottish perspective where appropriate. 1. Pensions There were a number of announcements in respect of changes to pensio...
23 July 2024 • 9 min read Professional Pensions Defined Benefit Summit Wednesday 2 October | Rudding Park, Harrogate Register now Opinion view all SPP: The LGBTQ+ pension gap – why there's still a long way to go Daniel Gerring
SPRING BUDGET 2024 TAX ADVICE Do you need help understanding what the Spring Budget means for you? There are several big changes including a shake-up of non-dom tax. Our team can help you prepare for the new tax measures. Welcome to Churchill Taxation ...
In this article, the author discusses the impact on the move of the British government to reduce the pension tax relief for high earners by 20%. The author expresses that the move would affect the pensions industry at the same time undermine consumer confidence in pensions. According to the ...
The Spring Budget in March 2023 reduced this charge to 0%. More recently, the Autumn Statement 2023 confirmed that the LTA would be removed entirely from 6 April 2024, and this has now taken effect. As a result, you can now theoretically add to your pension (within set limits) without ...
“With the budget fast approaching, the rumour mill has begun and questions surrounding inheritance changes are beginning to form, with some suggesting, or perhaps hoping, it could be scrapped altogether. “Families hit earlier in the year by the nil rate band and residence nil rate band freeze...
Creating a budget with realistic savings goals Working to pay down debt Saving little and often Making the most of tax-efficient savings accounts, such as ISAs Methodology In February 2024, our 360 Reviews UK team used the third-party survey platform Pollfish to survey 1,200 UK consumers. Surv...
Most workers also makeNational Insurance contributions, which fund benefits and pensions. If you are an employee, these payments are taken out of your salary at the same time as your income tax. In 2024, employees contribute up to 10% of their wages, while employers pay up to 13.8%. ...
The 2024 Spring Budget announced the following: The RDEC tax credit remains at 20% of a company's R&D expenditure, taxed at the Corporation Tax rate (19% to 25%). The RDEC benefit varies between 15% and 16.2% depending on your tax position. ...
September 3 2024 InterviewPersonal Finance Dan Neidle: ‘A UK wealth tax wouldn’t work’ Respected tax lawyer urges Labour government to consider how tax raises could stunt economic growth UK Budget Reeves to lay out ‘tax road map’ for business in UK Budget ...