The Money Advice Service explains: “If you’re a UK taxpayer, in the tax year 2019-20 the standard rule is that you’ll get tax relief on pension contributions of up to 100 per cent of your earnings or a £40,000 annual allowance, whi
Now, as the international professional services giant continues to evaluate its priorities in the UK, it has been reported that KPMG is considering the sale of its pensions practice.
The new tax law doubled the exemption amount, but this provision expires, or sunsets, after 2025.
A long-running case on this issue, known as the Staveley case, is to enter the Supreme Court next year, although no official date has been set.
“Of course the combination of matched contributions from their employer, NICs relief and tax-free investment growth over time mean there would still be every reason for this group of people to save in a pension.
Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue (tax, interest and penalties) for OECD and G20 countries over the