The tax year-end is always important due to the various tax allowances and reliefs that are available. This year in particular there are serious changes to the pension landscape you need to be aware of.
The headline change is that tax relief at your highest marginal rate will be allowed up to £50,000 p.a. from April 6th however if you’re a higher-rate tax payer and take appropriate action before tax year-end, you can benefit even more.
The complications of the current year ‘anti-forestalling’ £20,000 contribution limitation, as well as the removal of the personal allowance above £100,000 and a 50% tax rate above £150,000 mean that it would be wise to find out what you can do sooner rather than later. Obtaining 50% tax relief is akin to receiving a 50% discount on your investments!
To explain the changes and what they mean for you, we’re hosting two tax and investment seminars at The Gherkin on Tuesday 15th March and Thursday 17th March. At each event we will share a number of planning opportunities for higher rate tax payers, as well as investment ideas and a superior insurance proposition for your properties.
Places are strictly limited. Please RSVP to a.roberts@abusinessinnovation.com at your earliest to secure your place.
Below is a copy of the invite:
Our last event about the budget changes and implications for your tax bill was a hit. The feedback from attendees was really positive:
“Increase the frequency of your events…”
“Great venue!”
“Perfectly timed and informative…”
Abbie, our Head of Marketing, snapped a couple of shots of the event and the view from The Gherkin.
We hope to see you there!
The Fish Financial Blog sent to you