Protect your pension fund from a potential 55% tax charge
Review the traps and our subsequent tips to protect your fund from changes in tax laws. Currently the ceiling for lifetime pension savings which qualify for tax breaks stands at…
Leave your wealth in the right hands and avoid unnecessary Inheritance Tax
After the hard work you have put in to generating wealth in the first place, you will of course want it to remain in good hands. Avoid “Double Trouble” tax…
Make sure you are managing your director’s loan account properly
It would be worth here refreshing your memory from our July post “Changes to how your director’s loan account function” … In summary, tax implications apply when a shareholder still…
Rest Assured…we are claiming the maximum tax relief for you
A historically sticky point where tax relief is concerned is relating to expenses that are part business and part personal, so expenses with a dual purpose. You may remember reading…
Save tax by changing your life insurance
Life insurance can now be set up in a way that enables it to be fully tax deductible. Historically, life cover insurance has been difficult to justify as a “wholly…
Leveling the playing field – tax compliance v tax evasion
The latest innovative move by government officials is to use details of debit and credit payments to match against the declared income of businesses in an attempt to highlight those…
Do you earn the lion’s share of the household income? Equalise your income to save up to £15k a year!
It is common for household income to not be generated in equal proportions; typically one spouse earns the lion’s share whilst the other earns significantly lower or none at all….
Win:Win:Win – Reduce your tax bill, your fuel bill and your impact on the environment!
100% tax relief available… In government efforts to encourage and reward the use of environmentally friendly cars, excellent tax breaks are available for both business owners and employees (which, includes…
