Autumn Statement 2023 – Growth, growth, growth…

As ever, in the last couple of weeks there has been a huge amount of speculation about what may or may not be announced at the Autumn Statement 2023 – abolition of inheritance tax; increase in the inheritance nil rate band; a stamp duty land tax holiday; a cut in the rate of income tax… […]

Autumn Statement 2023 – Tax cut, complexity and uncertainty

It’s a tax cut, Jim, but not as we know it Having been told by successive Chancellors for as long as one can care to remember that ‘national insurance is not a tax’, it feels so wrong to claim that there has been a tax cut today – that said, to the ‘man on the […]

Budget 2023 – everywhere, but not quite everything

In what was the first (and hopefully last) budget of 2023, there was a focus on growth being supported by the Chancellor’s four pillars – enterprise, employment, education and everywhere… not quite everything everywhere all at once, but there were some promises to review and reform the self-assessment for small businesses and sole traders which […]

Budget 2023 – the great big pension gamble

Although the budget felt a bit light on content from a personal tax perspective, there was still some interesting stuff, although not a total surprise if you had followed the news over the weekend! The biggest change since A Day? Who would have thought that a change to pension tax would incentivise people to work? […]

Pension contributions: Cash or assets?

Tax relief is available to individuals for contributions to a registered pension scheme if certain conditions are satisfied. The conditions can be complex and are beyond the scope of this article; but if relief is otherwise available, it is given on contributions paid during the tax year. Was it ‘paid’? HM Revenue and Customs (HMRC) […]

Pension contributions: Cash or assets?

Tax relief is available to individuals for contributions to a registered pension scheme if certain conditions are satisfied. The conditions can be complex and are beyond the scope of this article; but if relief is otherwise available, it is given on contributions paid during the tax year. Was it ‘paid’? HM Revenue and Customs (HMRC) […]