personal finance Archives - Page 6 of 11 - Whitefield Tax - Isle of Wight Accountants

£1,500 Tax Free Pension Drawdown for Advice

by Jessica Garbett | Feb 17, 2017 | business issues, business taxation, pension reform, pensions, personal finance, personal taxatation

From April 2017 individuals will be allowed to withdraw £500 tax free from their pensions on up to three occasions, once in each tax year, for Pensions and Financial advice. This allowance is available at any age, but clearly it comes from your pension savings –...

New tax-free childcare for employed and self-employed parents

by Jessica Garbett | Jan 30, 2017 | ACCA, personal finance, personal taxatation

Tax-free childcare is a new government initiative which is due to be rolled out from early 2017. Tax-free childcare is a new government initiative which will replace the existing childcare voucher scheme in April 2018. How does it work? For every 80p you or someone...

Eight things you should know about pensions

by Jessica Garbett | Dec 21, 2016 | ACCA, pension reform, pensions, personal finance

Guidance on eight key areas you should know prior to completing your self assessment tax returns. Types of pension (1) The basic state pension is currently available to most UK individuals when they reach state pension age. The basic state pension depends on the...

Six months until state pension top up applications close

by Jessica Garbett | Oct 14, 2016 | ACCA, pensions, personal finance

With only six months left until the government’s state pension top up scheme closes on 5 April 2017, it’s worth considering if it could be right for your clients. State pension top up is a class of voluntary national insurance contribution (known as Class 3A), which...

Help to buy – an overview

by Jessica Garbett | Jun 28, 2016 | ACCA, personal finance

ow ‘help to buy’ works in England, with links to information on variations in other parts of the UK. The scheme in England operates as follows: Who is eligible? It is open to first time buyers and individuals who have previously owned property. Eligibility is...

Pension Protection Fund: explained

by Jessica Garbett | Jun 16, 2016 | ACCA, pensions, personal finance

Having attracted much media coverage recently, what is the purpose of this fund and how does it work? The main purpose of the Pension Protection Fund is to provide compensation to members of eligible defined benefit pension schemes, when there is a qualifying...

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£1,500 Tax Free Pension Drawdown for Advice

New tax-free childcare for employed and self-employed parents

Eight things you should know about pensions

Six months until state pension top up applications close

Help to buy – an overview

Pension Protection Fund: explained

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