Tax Relief | Independent Financial Advice Service, Pensions and Investment Portfolio Advisers

June 2010 Budget – Damage Limitation for High Earners

Thursday, June 24th, 2010

The expected cut in pensions tax relief for high earners in the June 2010 budget did not materialise – but the show’s not over yet. Maximum annual pensions contributions may be capped at around £45,000. Find out more by clicking headline above.

Tags: AIB Bank, Lufthansa, Maximum Pension Contribution, Pension Financial Planning, Pension Income, Pensions, Pensions Planning, Personal Pansions, SIPPS, Tax Efficiency, Tax Relief
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VCTs offer 30% tax relief, tax free dividends, and invest in UK industry

Thursday, March 25th, 2010

VCTs or Venture Capital Trusts are an attractive investment option, offering 30% tax relief up front. VCTs are currently enjoying high levels of interest from higher earners in particular. While the upper limit for VCT investments is £200,000, VCTs are also open to those with just £3,000 to invest.

Tags: Pensions Advice, Pensions Planning, Private Pension, Private Pensions, Professor David MacKay, Tax Efficient Investments, Tax Relief, VCT, VCT Tax Relief, Venture Capital Trusts
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Turn trading losses into tax relief with pension contributions

Wednesday, December 16th, 2009

Not everything that has come from the Chancellor in the past year has been bad news for high earners.

Last Aprilâ€™s Budget 2009 extended the facility for employers to carry back trading losses for up to three years.

Tags: London Stock Exchange, Maximum Pension Contribution, Pension Contributions, Pension Transfers, Pensions, Pensions Planning, Repossessed Spanish Property, Tax, Tax Efficiency, Tax Relief
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Flexible pension savings without the lock-in – TISA

Monday, November 30th, 2009

Workers should be able to save for their retirement with an option to dip into their pension savings on specific occasions, according to the Tax Incentivised Savings Association (TISA). The Tax Incentivised Savings Association is attempting to create tax-advantaged savings options in the workplace that would offer the flexibility to make withdrawals in a small [...]

Tags: AIB Bank, Individual Voluntary Arrangement, ISAs, Life Insurance Products, Maximum Pension Contribution, Office of Fair Trading, Pension, Pensions, Retirement Planning, Tax Incentivised Savings Association, Tax Relief, TISA, Unsecured Loans
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Revenue offers tax back on pensioners’ savings

Wednesday, November 11th, 2009

Thousands of pensioners who have overpaid tax on their savings and investments are entitled to reclaim overpayments, and have their interest paid gross in the future,Â according to an announcement this week by the Revenue (HMRC).Â Non-taxpayers, including the vast majority of pensioners receiving Pension Credit, are currently taxed on interest in their bank or building [...]

Tags: Financial Planning, HMRC, Mortgage Adviser, Online Stockbroker, Online Stockbrokers, Pensions Advice, Pensions Planning, Personal Finance, Reclaim Tax, Repossessed Spanish Property, Savings Account, Savings and Investments, Stakeholders Pension, Tax Efficient Investments, Tax Relief
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End of tax year – our top tips

Monday, February 9th, 2009

“Tax doesn’t have to be taxing”. YES it does. There is no nice way of putting this – it has to be paid. However there are ways in which we can avoid paying as much or reclaim what we have paid. Here are a few examples. Invest in an ISA to ensure that you do [...]

Tags: Avoid Tax, Best Mortgage Deal, Critical Illness Insurance, Debt Management Advice, DWP, Efficient Tax Planning, EIS, Enterprise Investment Schemes, Financial Advice, Pensions Planning, Private Pension, Professor David MacKay, Repossessed Spanish Property, Tax Relief, VCT, Venture Capital Trusts
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