Tax Archives - Moore Stephens Financial Services

Using pension freedoms could mean a £4,000 maximum annual pension contribution limit

Posted by | Budget, News, Pensions, Politics, Tax | No Comments

The Autumn Statement passed relatively benignly and only time will tell whether our new Chancellor has saved his best for the March 2017 Budget. Certainly the one area of pensions reform which all professionals seem agreed on, the possible abolition of the pensions Lifetime Allowance, was notable for its absence or indeed any reference to pension contribution limit changes, bar one which has seemingly snuck under the radar. The Chancellor…

Read More

Pensions Tax relief – What is Philip Hammond’s policy?

Posted by | Pensions, Politics, Tax, Uncategorized | No Comments

The Autumn Statement will be upon us again in November and it seems like we will be dusting off the same potential threats to tax relief on pensions as we have fretted about for the past couple of years. The Government have pulled back from acting upon the rumours at the last minute in recent years, but this time it might just be different. This will be Philip Hammond’s first…

Read More

Pensions Tax relief – What is Philip Hammond’s policy?

Posted by | Budget, Pensions, Politics, Tax | No Comments

The Autumn Statement will be upon us again in November and it seems like we will be dusting off the same potential threats to tax relief on pensions as we have fretted about for the past couple of years. The Government have pulled back from acting upon the rumours at the last minute in recent years, but this time it might just be different. This will be Philip Hammond’s first…

Read More

Capital gains tax – 2016/17 tax rates and the under-used annual allowance

Posted by | News, Tax | No Comments

Capital gains tax applies to the sale of most investments, but different rates apply depending on what type of asset the gain arose from. Many people don’t realise that each individual is automatically entitled to a capital gains annual allowance. In the 2016/17 tax year, each person is able to incur capital gains of £11,100 before any tax becomes due. George Osborne announced in his March 2016 Budget that once…

Read More