Personal Pensions Tapered Annual Allowance

Rates and Allowances The tax-free personal allowance will remain at £12,500 for the 2020/21 tax year throughout the UK. The basic-rate band in England, Northern Ireland and Wales will stay at £37,500 and consequently, the higher-rate threshold will continue to be...

Campaign Builds for Business Rates Reform

A campaign for revamping the UK’s business rates system in England and Wales is gathering momentum ahead of a potential Budget date this autumn. Business leaders from more than 50 companies recently wrote to new Chancellor Sajid Javid with their collective...

Treasury to review tapered annual allowance

High net-worth individuals will be familiar with the tapered annual allowance and its potential to restrict pension contributions. They will probably welcome the news that the Treasury is set to review it in the coming months, although nobody knows when given recent...

Devolution and Property Taxes

Devolution may be grabbing the headlines amid a background of Brexit uncertainty, but in reality, it’s been going on for decades. Back in September 1997, Scotland and Wales held referendums to transfer certain tax powers from central government to the regions,...