For many years it has been possible to take benefits from a pension scheme in a method known as a pension drawdown. This approach has undergone various changes and in 2011 a new form of drawdown was introduced known as a flexible drawdown. This offers fantastic planning opportunities for those individuals who are eligible. Here we explain the advantages.
This article outlines how, by using the new pension regime rules an individual, or employer, can boost pension funds and obtain maximum tax relief in the current tax year. This is particularly relevant for those earning over £130,000 in the last three tax years and that have been limited to a maximum contribution of £30,000 in the 2009/10 and 2010/11 tax years.
At some point every business owner considers what will happen when they decide not to work in their business anymore. Whatever route you choose to take there will be a number of issues to consider. Here we look at those issues and also at how Entrepreneurs' relief can be of benefit.
A look at the lifetime allowance: the limit placed on the value of pension benefits an individual can accumulate without suffering an additional tax charge
With markets and investment performances being volatile in recent months, this leads naturally to concerns for those with investments or who are thinking of investing. This article from our financial services briefing looks at how to invest in volatile markets.
UK VAT-registered businesses with an accounting period starting on or after 1 April 2012 will now have to submit their VAT returns online, and pay electronically.