Pension contribution increases ahead
Posted on Tuesday, February 12th, 2019
The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase to an overall minimum of 8%, with employers contributing at least... Read Full Article...
Protect your pension pots
Posted on Tuesday, February 12th, 2019
The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and ‘negligent trustees’. Research carried out by the Service found that criminals use a range of tactics to convince savers to... Read Full Article...
Stamp duty cut: 121,500 households save £284 million
Posted on Wednesday, October 3rd, 2018
According to the latest statistics 121,500 first-time buyers have saved a total of £284,000,000 following the introduction of a relief for first-time buyers under the Stamp Duty Land Tax rules which apply in England and Northern Ireland.... Read Full Article...
No Comments on Stamp duty cut: 121,500 households save £284 million
Employer-Supported Childcare gets a reprieve
Posted on Tuesday, May 8th, 2018
Many employers help employees with childcare costs, often by providing childcare vouchers by way of salary sacrifice. Following the roll out of Tax-Free Childcare (TFC), the new government scheme to help working parents, existing Employer-Supported Childcare (ESC)... Read Full Article...
Dividend allowance down to £2,000
Posted on Tuesday, May 8th, 2018
In 2017/18 the first £5,000 of dividends are chargeable to tax at 0% (the Dividend Allowance). From 6 April 2018 the Dividend Allowance is reduced to £2,000. Dividends received above the allowance are taxed at the following... Read Full Article...
Tax-free childcare roll out
Posted on Tuesday, May 8th, 2018
The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out to eligible parents in stages. The scheme first made its debut in April 2017 and... Read Full Article...
Childcare Services compensation
Posted on Thursday, September 21st, 2017
The government are offering compensation to those who have been affected by problems with the implementation of Tax-Free Childcare. Individuals who have been affected may be able to get a government top-up as a one-off payment for... Read Full Article...
Tax-Free Childcare and childcare options
Posted on Thursday, September 21st, 2017
Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare launched at the end of April and is being rolled out to parents, starting with those parents with the youngest children first.... Read Full Article...
Residential property income and interest relief
Posted on Thursday, September 29th, 2016
The government has issued guidance and examples on the restriction of income tax relief for interest costs incurred by landlords of residential properties. The new rules, which are phased in from April 2017, only apply to residential properties... Read Full Article...
No Comments on Residential property income and interest relief
Have you accessed your Personal Tax Account?
Posted on Tuesday, July 5th, 2016
HMRC are advising employers that their employees may benefit from accessing their Personal Tax Account. These accounts allow taxpayers to view information about their tax affairs and advise HMRC online about changes that may affect the tax... Read Full Article...