One of the big stories talked about last week has perhaps inevitably been the pension reforms. It has certainly been a hot topic of conversation between ourselves and contacts in the financial services sector. We all seem to agree that with more than 400,000 people expected to benefit from the major changes which came into force last week, its inevitable that savers will choose to unlock more cash from their retirement funds.Read More
The tax team are getting back to work today after our Budget presentations at the John Innes Conference centre, Norwich and Hintlesham Hall, Ipswich yesterday. It was a great turn out for both events!
Well, the Budget was something of a surprise! Help for savers was the rabbit hidden in the Chancellor’s Budget box and politically many measures had one target – older voters with savings, many of whom may be 40% tax rate payers.Read More
The Chancellor is set to present his 2014 Budget tomorrow. Our top five predictions for what he will say are:
A further increase in the personal allowance to £10,500. It was announced last time round that the personal allowance would be £10,000 and the Autumn Statement in December 2013 confirmed this.Read More