DON’T FORGET YOUR 2016/17 ISA ALLOWANCE

The current ISA allowance is £15,240, rising to £20,000 for 2017/18. Remember that there is no longer a 50% restriction on the amount that you can invest in a cash ISA; the £15,240 annual limit covers all ISA investments which could be in shares, bonds, cash or certain other investments.

AND MAKE PENSION PAYMENTS BEFORE 6 APRIL

The current annual pension limit remains at £40,000. In addition, unused relief from the previous three tax years may be utilised once the current £40,000 limit has been used. However, the relief from 2013/14 will lapse on 6 April 2017.

If, for example, you have £10,000 unused allowance from 2013/14 you would need to make pension contributions of at least £50,000 by 5 April 2017 to avoid losing your 2013/14 relief. Remember also that pension savings continue to qualify for higher rate tax relief and may help to reduce your payments on account.

If you would like further information, please contact your local Saint & Co Office.

Don’t miss our last ever Pension Automatic Enrolment Workshop

Why it’s easier to deal with Auto Enrolment than you think”

Join us at our FREE Pension Automatic Enrolment Workshop

on Thursday, 2nd March at 11.30 am

at The Shepherds Inn, Rosehill, Carlisle

All employers will soon need to automatically enrol eligible staff into a workplace pension. Join us to discover what your responsibilities are, and how you can ensure everything is taken care of for compliance.

Our FREE 1½ hour workshop will guide you through the automatic enrolment process and your duties. Our qualified financial services staff will also be on hand to discuss any queries you may have.  Tea and coffee will be available on arrival and we hope you can stay after the workshop for a hot lunch.

Do not miss out on booking your place as demand is likely to be high. To secure your place(s), please visit our events page www.saint.co.uk/events.