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Pension restrictions for Higher Earners

Posted on: December 21, 2016 by in Accountant Stoke on trent, HMRC
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Pension restrictions for upper earners People earning higher income and are trying to save for their retirement in the most tax-efficient way need to be aware of changes made to the annual allowance in April 2016. The government’s committed to changes that restrict the amount of pensions tax relief for individuals with income higher then £150,000 per annum. Changes to The annual allowance One of the main benefits of saving into a registered pension scheme is the tax Continue Reading ...

Highlights from the Chancellors Autumn Statement 2016

Posted on: December 13, 2016 by in Accountant Stoke on trent, HMRC
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Chancellors Autumn Statement 2016 - From Accountant Stoke Pro The Chancellor of the Exchequer gave his Autumn Statement to Parliament on 23 November 2016. This Autumn Statement lasted for just over 1 hour, here are some of the highlights that Accountants Stoke Pro have noted from this statement Continuing to bring down the deficit 1. New economic forecast The UK economy is forecast to be the fastest growing major economy in 2016, but the Office for Budget Responsibility has forecast growth Continue Reading ...