pensions Archives - Page 10 of 11 - Whitefield Tax - Isle of Wight Accountants

Annual allowance of pension contributions

by Jessica Garbett | Feb 1, 2015 | ACCA, pension reform, pensions

A tax charge may arise if the amount saved in an individual’s various pension schemes exceeds the annual allowance for that year. If there is such a tax charge the individual must disclose it on their self assessment tax return on the additional information pages (for...

Bereavement and Tax – It’s changing again

by Jessica Garbett | Oct 9, 2014 | pensions, personal finance, personal taxatation, Tax Help for Old People

There can be a mountain of paperwork to deal with after a bereavement, and everyday matters like dealing with banks, council departments and utility companies can become overwhelming. One area which needs attention in the majority of bereavements is tax. It is also...

ACCA welcomes proposed new accounting rules for pensions

by Jessica Garbett | Oct 4, 2014 | ACCA, pensions

Statement of Recommended Practice will bring clarity, but lobbying of DWP is important in achieving this. Statement of Recommended Practice will bring clarity, but lobbying of DWP is important in achieving this. A proposed new Statement of Recommended Practice (SORP)...

Automatic enrolment and what you need to know

by Jessica Garbett | Oct 1, 2014 | ACCA, pension reform, pensions

By August this year, more than 21,000 employers had automatically enrolled more than four million staff into a workplace pension, but even bigger numbers are still to come. More than one million small and micro employers with between 1 and 50 staff will need to...

Pension schemes and inheritance tax

by Jessica Garbett | Jul 26, 2014 | ACCA, pension reform, pensions, personal finance

Making the right choice and knowing the risks are important when considering options for a pension. For registered pension schemes, the inheritance tax treatment will depend upon the choices made by the individual concerned. The general rule is that if the individual...

Governance of defined benefit pension schemes

by Jessica Garbett | Jun 22, 2014 | ACCA, pensions

Understanding the role of a pension scheme trustee. Trustees of pension schemes have a legal obligation, under section 249A of the Pensions Act 2004, to implement adequate internal controls. This covers a broad range of governance functions including operational,...

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Annual allowance of pension contributions

Bereavement and Tax – It’s changing again

ACCA welcomes proposed new accounting rules for pensions

Automatic enrolment and what you need to know

Pension schemes and inheritance tax

Governance of defined benefit pension schemes

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