There is considerable speculation that a rise in capital gains tax (CGT) is on the cards, with a new rate as high as 25% being suggested in some quarters.
Although this is mere speculation at this stage, it does serve as a timely reminder that there is still a brief window of opportunity to review your CGT position and optimise it before the tax year end. (more…)
A quick reminder that as from 6 April this year the age at which you can draw on a personal retirement fund rises from 50 to 55. (more…)
Pension contributions are paid net of basic rate tax, and the pension provider recovers the tax element. Up to £3,600 per year (gross) may be invested by any individual irrespective of whether they have earnings to match it or not. (more…)
These two schemes allow ingoing tax relief on investments that are channelled into venture capital for smaller and growing businesses. By their very nature they are considerably more risky than ISA’s and other similar investment vehicles. (more…)
The Finance Act 2009 introduced the necessary legislation to enable the top rate of tax to be increased to 50% on taxable income in excess of £150,000 in any tax year. (more…)
