Maximising pension contributions and tax implications

Maximising pension contributions and tax implications

When it comes to making tax advantaged pension contributions, one of the unfamiliar yet highly effective strategies for maximising pension contributions involves carrying forward unused annual allowances from the previous three tax years. This can be significant,...
Director pay – weighing up salary vs dividends

Director pay – weighing up salary vs dividends

A common question we are asked by directors is ‘what is the best way to take income from my company?’ There is an abundance of solutions, but which is the most tax efficient? This Tax Tuesday, we share our top strategies for extracting income from your company with...
Changes to the High Income Child Benefit Charge

Changes to the High Income Child Benefit Charge

Have you previously cancelled your child benefit entitlement due to the High Income Child Benefit Charge (HICBC)? Recent changes to the threshold and rates may prompt you to reconsider. In the Spring Budget last month, the government acknowledged the current bias...
Creative industry support in Spring Budget

Creative industry support in Spring Budget

Earlier this month, Jeremy Hunt delivered the 2024 Spring Budget, based on the Economic and Fiscal outlook provided by the Office for Budget Responsibility (OBR). In front of what can only be described as a raucous audience of MPs, Hunt outlined several policies that...
Year-end tax planning

Year-end tax planning

How prepared are you for tax year-end? With just over two weeks to go until the 2023/24 tax year draws to a close, the clock is ticking to use any remaining allowances before they refresh on 6th April!   This Tax Tuesday, we thought it was time to look at some of the...