Tax-assisted cycling

Posted on Oct.05, 2016 by in Latest News

Employers with an interest in their employees’ health can also provide a useful tax incentive by participating in the government’s Cycle to Work scheme. The scheme involves employers buying a bike on an employee’s behalf and charging the employee for its use. The monthly payments are deducted from the employee’s gross salary so that no tax or National Insurance is… more

Tax-assisted childcare

Posted on Oct.05, 2016 by in Latest News

The tax-advantaged arrangements for childcare are about to change. Currently, parents who are employed are able to claim a childcare tax credit or to buy childcare vouchers, with the cost being deducted from their salary before tax is charged. However, no such scheme is available to the self-employed. This deficiency is being addressed in a new scheme which is to… more

Closing tax loopholes

Posted on Oct.05, 2016 by in Latest News

HM Revenue & Customs is concerned about the extent to which employers are assisting their employees to reduce their liability to income tax and National Insurance contributions by offering benefits in kind in lieu of salary. It is proposing that with effect from April 2017 certain such ‘salary sacrifices’ would be brought into charge to tax. Three schemes would be… more

Fixed price auto-enrolment project management for your clients

Posted on Sep.12, 2016 by in Latest News

We work with payroll companies and accountancy practices to provide their clients with top quality auto-enrolment advice. You can view our latest video, Auto-enrolment: Creating new opportunities for advisers, that we produced in partnership with Aviva, the UK’s largest insurance company. As well as delegating responsibility to ensure they are compliant, here are some of the reasons 100’s of companies… more

Auto-enrolment: Creating new opportunities for advisers

Posted on Sep.12, 2016 by in Latest News

We work with payroll companies and accountancy practices to provide clients with top quality auto-enrolment advice for a competitive fixed fee. As an independent provider, we have been working closely with all the major pension providers and recently produced a video, Auto-enrolment: Creating new opportunities for advisers, in partnership with Aviva, the UK’s largest insurance company. Aviva also kindly provided… more

Three minutes with…Shai Patel

Posted on Sep.12, 2016 by in Latest News

Who does what in our business? Like most websites, we have a ‘Meet the team‘ page, which tells you a bit about each of our team members. But in this news feature, ‘Three minutes with…’ we delve into their lives a little bit further – both inside and outside the office. Now it’s for one of our Directors, Shai Patel, to… more

A pensions ‘dashboard’

Posted on Sep.05, 2016 by in Latest News

In his 2016 Budget speech, chancellor George Osborne encouraged the pensions industry to create by 2019 an on-line ‘dashboard’ which would enable pension savers to view in one place all the schemes of which they are members. The project has been welcomed and a number of organisations have come forward to begin the process of establishing a set of standards…. more

State pension top-up

Posted on Sep.05, 2016 by in Latest News

The new scheme which was introduced in October 2015 to enable men born before 6 April 1951 and women born before 6 April 1953 to top up their State pensions has been largely ignored, even though the available income is twice that which could currently be obtained from buying an annuity. Reluctance to part with cash could be part of… more

Pension pot withdrawals

Posted on Sep.05, 2016 by in Latest News

According to the Association of British Insurers, around 300,000 pension savers made 1 million pension fund withdrawals in the first year of ‘pension freedoms’, George Osborne’s major 2015 reform which permits personal pension pots to be encashed as from age 55. The ABI report concludes that 57% of savers withdrew less than 1% of their fund, and 4% withdrew more… more

Fewer VCT offerings

Posted on Sep.05, 2016 by in Latest News

The reductions in the pension lifetime allowance to £1 million and in the annual contribution allowance to a maximum of £40,000 have caused some more affluent clients to consider alternative tax-efficient types of investment, and in particular Venture Capital; Trusts (‘VCTs’). Whereas pension contributions currently offer income tax relief at the investor’s highest marginal tax rate, VCTs offer 30% relief… more

Page 3 of 712345...Last »
Generation FS

Generation FS