In the UK today, millions of people are failing to save enough to have the income they would like in retirement. Life expectancy is increasing but people are saving less into pensions. To meet this challenge, the Pensions Act 2008 laid the foundations for a fundamental reform of workplace pensions requiring every employer to automatically […]
Budget 2013 implications for Directors Loan Accounts
Budget 2013 announced various anti avoidance measures aimed at “loans to participators”, this is the technical term for what we call “your overdrawn directors loan account”. The Rules Where a company makes a loan or advance to a participator (which to all intents and purposes means you as a director), it must account for tax […]
The Budget 2013
PERSONAL Help for home buyers Two schemes are available. Help to buy: equity loan This scheme will run for three years from 1 April 2013 and is proposed to provide £3.5bn of additional investment. • The scheme will apply to new builds only • All house buyers can apply – this scheme is not restricted to first-time […]
Budget 2013 – a Budget for an aspiration nation?
The Chancellor delivered a bleak economic forecast when he stood up this afternoon, admitting growth in 2013 would be 0.6% – half the 1.2% he predicted four months ago in the autumn statement. However, growth forecasts for the economy in future years are forecast to be in more positive territory, with predictions of 1.8% growth […]
Using your Home for Business?
We always try to get you the best deal on this, by claiming the maximum possible for the extra costs of using your home as the base of your business but at the same time ensuring no adverse effect on the immensely valuable capital gains tax exemption when you sell your private residence and hopefully […]
The Autumn Statement – What it Means for Business
The Chancellor delivered his Autumn Statement today, and I think it was a relatively good one (considering the pressure the Government is under to raise money!) for businesses and their owners – it’s clearly aimed at using business to kick start the economy. Here are the main things you need to know: Annual Investment Allowance […]