Tax Archives - Page 3 of 8

Could changes in pension tax relief spell the end of the pension itself?

March 10, 2016 by TIna

Category: pensions & Tax & Uncategorized

There’s a lot that’s likely to change about your pension in the near future, which in turn will have an impact on all sorts of other factors regarding savings for your retirement. Depending on what changes the government imposes on how pensions are taxed and the amount of tax relief allowed on pension contributions, you may end up needing to pay considerably more each month towards your pension, or even end up working several years longer before you can retire.

Changes to Tax Relief for Pension Contributions?

March 04, 2016 by TIna

Category: pensions & Tax & Uncategorized

After several years of speculation, according to a recent BT Home article, fears are growing that Chancellor George Osborne is finally poised to take away higher-rate tax relief for pension contributions. If this is the case, then the vital cut-off date for investors could well be Wednesday 16th March – the day of his next Budget.

Don’t forget, from April 2016 the annual allowance tapered reduction begins

March 04, 2016 by TIna

Category: Annual Allowance & pensions & Tax & Uncategorized

Think back to the Chancellor’s budget proposals in July last year, and you may remember an announcement about changes to the annual pension allowance. Well, that change is set to come into effect at the start of the new tax year on 6th April 2016. It therefore seems like a good idea for a bit of a refresher on what those changes are and what they potentially mean for you.

Pension tax changes: Should you pay more before relief rates are curtailed?

February 08, 2016 by TIna

Category: pensions & Tax & Uncategorized

Given recent comment from George Osborne, and mentions of the same during the Autumn Statement, it appears as though pension tax is set for a shake-up in 2016. With that in mind, there appears to be a potential opportunity for higher-rate taxpayers to make the most of their savings while the good times last.

Seven suggestions made to the government during the consultation on pension taxation

February 06, 2016 by TIna

Category: pensions & Tax & Uncategorized

The Government has recently finished a consultation looking at how pension taxation could work in the future. The Chancellor, George Osborne, has said that he expects to reveal the findings and the direction he is going to take during the March Budget. But is there any way to take an advance look at the situation? What has the Chancellor considered and what might his decision be in March?

Three personal finance changes to look out for in 2016

January 08, 2016 by TIna

Category: savings & state pensions & Tax & Uncategorized

As usual, the coming year will see plenty of shifts in the financial planning landscape for all of us. Changes come about largely as a result of new legislation or policy introductions and, whilst there isn’t anything quite as dramatic as 2015’s introduction of pension freedoms on the horizon, there’s still plenty to look out for in 2016. Here are three of the biggest changes you may wish to familiarise yourself with.

Could changes in pension tax relief spell the end of the pension itself?

Changes to Tax Relief for Pension Contributions?

Don’t forget, from April 2016 the annual allowance tapered reduction begins

Pension tax changes: Should you pay more before relief rates are curtailed?

Seven suggestions made to the government during the consultation on pension taxation

Three personal finance changes to look out for in 2016

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