Please find summary document of the key issues arising from yesterday’s budget for your information. Kindly prepared by our own accountants, CHD Chartered Accountants & Tax Advisors. See 2018 Autumn Budget Wealthflow LLP › Should you have any questions arising from the points mentioned, please do not hesitate to contact Duncan Glassey direct on 0131 247 6745. For […]
It’s business as usual for pension saving as the Chancellor confirmed there will be no imminent changes to pension tax relief. And the introduction of the new LISA saving vehicle from April 2017 adds another attractive complementary option to the saving landscape. Taken together with cuts in CGT rates, further boosts in income tax thresholds […]
Are you planning to retire soon? There have been a number of changes over the last year to the way in which you will be able to take your pension benefits, with more changes to follow in April 2015.
Individuals with income in excess of £150,000 are liable to a 50% top rate of Income Tax, and 42.5% on dividends. In addition, the basic personal allowance for Income Tax is gradually reduced to nil for individuals with adjusted net income above £100,000. Reducing Your Taxable Income Incorporation of a business can help to mitigate […]