Tag Archives: pension

Exceeding the annual pension allowance

If your pension savings exceed the annual pension input limit (generally £40,000) then there is an annual allowance charge. The effect of the annual allowance charge is to reduce tax relief on any pension saving over the annual allowance. The annual allowance charge is not at a fixed rate but will depend on how much…

New restriction for those in pension drawdown

One of the measures affecting pensions announced in the Spring 2017 Budget that was not included in the first Finance Act, concerns a new £4,000 pension input limit for those who are drawing income from their money purchase pension fund. The new flexible drawdown rules introduced from 6 April 2015 has allowed those with money…

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…

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…

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,…

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,…