The new Lifetime ISA – details beyond the tax free headlines
One of the more welcome announcements for individuals and “the next generation” from the recent 2016 Budget was the introduction of the new Lifetime ISA in April 2017. This is a new measure aimed at helping those under 40 save for their retirement and/or...
Changes to tax relief on pensions for high earners from 2016/17
Are you aware of the changes to tax relief on pensions for high earners for 2016/17? If you are a higher earner, pension contributions can be a very tax efficient way of saving for your future. However, changes are due to come into force from 6 April 2016 which will...
Self assessment deadline close – are you ready?
Are you ready for the fast approaching self assessment deadline of 31 January 2016? Any self assessment returns that are filed after 31 January – regardless of whether there is tax to pay – will be subject to a £100 late return fine. Longer delays will...
Self assessment tax return – submission penalties
You may have seen in the press or on the TV a couple of months ago, news stories that implied that it would be easy to get out of paying an automatic £100 minimum penalty for the late filing of a self assessment tax return. The background to the initial news stories...
