Last year, we saw an increase in corporation tax, a lowered additional income tax threshold, a freeze on personal allowance, decreased tax-free dividends, and a reduced tax-free allowance on capital gains. In short, a lot can change – and that’s without adding a general election to the mix.Continue reading
Category Archives: Pensions
18-year-olds to be included in auto-enrolment expansion
A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions of young people across the UK.
Have your employees claimed their pensions? What business owners need to know
The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs. Recent data reveals that unclaimed pensions amount to a staggering £28,000 per person. Continue reading
Major pension reforms sparks rethink for UK savers
Several significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance.
How will the changes in the Spring Budget affect pensions?
During the 2023 Spring Budget, the Chancellor announced changes to pensions, which may alter the way you save for retirement.
A guide to National Insurance and State Pension eligibility
Introduced in 2016, the new State Pension is a payment based on your National Insurance record when you get to State Pension age.