Up to 200,000 people are set to cash in their pension pots all in one go next year, according to new research. From April 2015, all those over the age of 55 will have the freedom to take all their savings out of their pension fund, if they wish. (more…)
Those looking to pass on their pension fund received a boost today when the Government confirmed they’re following through on their promise to scrap the current 55% tax charge on death. This means the tax system will no longer penalise those who draw sensibly on their pension fund, making pensions a very attractive wealth transfer wrapper. (more…)
“and on the podium for The 2013 Taxation Innovation Awards:
This post outlines the latest treatment of VAT as highlighted in yesterday’s budget.
The VAT registration threshold will rise from £77,000 to £79,000 and the deregistration threshold will increase from £75,000 to £77,000, both from 1 April 2013.
