Chartered Accountants of Poynton, Cheshire |
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Keep your income below the age allowance limitThere are many ways to save tax - all of them perfectly legal. For example, if you are over 65, keep your income below the £18,900 limit - at that limit the higher allowances are scaled back. Call us at Appletons Accountants and we'll tell you more! Pay less tax - Create a tax shelter investmentThere are many ways to save tax - all of them perfectly legal. Did you know that.... Tax can be effectively deferred by investment in Enterprise Investment Scheme shares, Venture Capital Trust shares (both subject to limits), or in film finance partnerships? Call us at Appletons Accountants and we'll tell you more! |
Pensions and ISAsPensions: There is no financial limit on the amount that may be contributed to a registered pension scheme. The maximum amount on which an Individual can claim tax relief in any tax year is the greater of the individual's UK relevant earnings or £3,600 If total pension Input exceeds the annual allowance of £235,000 there is a tax charge at 40% on the excess. This limit does not apply in the year that full pension benefits are taken.
PLEASE NOTE: The information contained on this page and other pages in this website is for general guidance only.
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Whilst all due care and attention is taken in preparing the articles which appear on this website, no liability can be accepted for any of its contents. It is designed to be of a general nature, and no action should be taken without our specific help tailored to your unique circumstances. |