The issue relates to the two different ways in which pension tax relief is paid, but industry experts have warned there is a real risk of huge non take-up.
The issue relates to the two different ways in which pension tax relief is paid, but industry experts have warned there is a real risk of huge non take-up.
Grant Seaton, head of intermediary lending at Cumberland Building Society, says Making Tax Digital may have been introduced as a change to tax reporting, but its biggest impact could...
Anna Lewis, commercial director at Castle Trust Bank, says advisers who understand Making Tax Digital rules will be better placed to support landlord clients, spot where extra...
An additional 87,000 taxpayers are liable for CGT since 2023/24.
The biggest gains come from locking in pension tax relief at higher rates today — particularly for earners whose tax rate is likely to fall in future.
Four in ten say clients will need a review of financial plans and 57% say they need to refresh or improve their knowledge on alternative strategies.
The Chancellor has announced an increase tax on rental income for landlords.
The majority liable in 23/24 were likely to be basic rate taxpayers.
Reeves was reportedly considering cutting or capping the tax-free pension lump sum.
Changes to capital gains tax, dividend allowances, inheritance thresholds, and pension reliefs are all on the table as the Chancellor aims to plug an estimated £22bn to...
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