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.

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

Accounts Assistant....

Due to our continued growth, an opportunity has arisen for an accounts assistant to join the team at Grenfell James Associates.Working under the guidance of a Grenfell James partner, this is an excell...

Posted by:
Sarah Wood | October 14, 2019

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

Don’t Let These Growth Obstacles Slow You Down!...

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Posted by:
Grenfell James | March 7, 2019

Year End Pension Planning...

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 allo...

Posted by:
Grenfell James | March 7, 2019

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