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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 £50,000. The additional-rate band...

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5 year-end tax planning tips for 2019/20

With less than a month until the end of the 2019/20 tax year, time is running out to maximise any unused allowances. You either use them or lose them before 5 April as they will all be reset when 2020/21 gets under way the following day. From tax-efficient ways to extract profits from...

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