Don’t Forget The Kids!
Whilst many of us will be busy finalising contributions to ensure 2011/12 ISA limits are utilised, those with young children may wish to consider the recent change to child savings. Junior ISAs are set up in the child’s name by a parent or guardian and available to each child in the family each tax year. […]
What’s In Store For Pensions?
With the tax-payer already squeezed, experts are warning pension holders that they might be in line for some amending of pension rules in order to raise additional tax revenue come next month’s Budget. Whilst the Lifetime Allowance will already reduce to £1.5million from its present £1.8million in April, the Exchequer may also look to trim […]
Higher Relief, Higher Risk
The Government has finally decided to make changes to Protected Rights by abolishing some forms of contracting out. This will aid and simplify the pensions system and offer important opportunities for pension holders. These significant changes come into effect from the new tax year in April for pensions built up on a defined contribution basis […]
The Demise Of Protected Rights
The Government has finally decided to make changes to Protected Rights by abolishing some forms of contracting out. This will aid and simplify the pensions system and offer important opportunities for pension holders. These significant changes come into effect from the new tax year in April for pensions built up on a defined contribution basis […]
To Fix Or Not To Fix?
Those with significant pension assets should take action in advance of the changes in pension legislation coming into effect from 6 April 2012. Under existing rules, those with accumulated pension benefits in excess of the Lifetime Allowance (LTA) of £1.8 million currently face a potential tax charge of up to 55%. Changes announced in last […]
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