Note that the unused allowance for a particular tax year may be carried forward for three years and can be added to the relief for the current, but then lapses if unused. Hence the unused pension allowance for 2015/16 will lapse on 5 April 2019 if unused. Note that under the current rules the net after tax cost of saving £10,000 in a personal pension for a higher rate taxpayer is only £6,000 but there continue to be rumours that this generous relief may be reduced in future.

Working from home allowance...

If an employer requires an employee to work from home, the employee is entitled to claim under the working from home allowance, to cover increased costs, eg, heating and electricity.HMRC states that t...

Posted by:
Sarah Wood | October 23, 2020

COVID-19 New Support Measures Update...

Following recent announcements, please see attached our updated factsheet with detail on the updated COVID Support Measures. A summary of the points discussed in the factsheet include:COVID-19_Support...

Posted by:
David Murphy | October 16, 2020

Podcast – COVID19...

Our own MD Chris Wood was invited as a guest on a new business podcast earlier last week to discuss all things COVID19! The new podcast also included HR and Legal expert guests, discussing how busines...

Posted by:
David Murphy | April 14, 2020

Government assistance...

COVID-19 UPDATE March 13, 2020We have recently sent out a newsletter covering the main points from the Budget. We are still waiting for further details on a majority of the announcements. However, we ...

Posted by:
Sarah Wood | March 16, 2020

Small Steps...

Last Sunday marked the 50th Anniversary of Neil Armstrong, Edwin Aldrin and Lt Col Michael Collins taking humankind’s first steps on the moon and the famous line “That's one small step for man, one gi...

Posted by:
Ryan Bains | July 24, 2019

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