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An introduction… Payroll Legislation Changes for 2015-16 …Income Tax …National Insurance …Student Loans …Statutory Payments …Employment Allowance …Filing Penalties …Other budget changes – reminders Income Tax Income Tax Allowances The basic personal allowance for the tax year starting 6 April 2015 will be increased to £10,600 and the tax code for use will be 1060L…. Read more
You will probably have heard Nick Hewer advertising Workplace Pensions – ‘we’re all in’. The question is; what is it all about? New legal duties require employers to ‘automatically enrol’ their employees into a pension scheme. Even if you already offer pension arrangements for your employees, you may not have a qualifying scheme in place… Read more
Client Testimonials for Hunter Gee Holroyd Hunter Gee Holroyd recently carried out an invaluable survey, which was distributed to all our clients, providing us with some client testimonials we’d love to share! Thanks to everyone who completed the survey and particular congratulations to Mr Boddy – the lucky recipient of a case of wine. We… Read more
Changes to your pension…what does it mean for you? There are two big Pension Changes hitting the headlines… The first is the freedom of access to your pension plans from April 2015. This will affect you if you have any savings in a personal pension plan and/or some types of employer sponsored schemes. Secondly,… Read more
Pension Changes – “How to blow your pension”. On Monday evening, (12th January 2015) Channel 4’s Dispatches current affairs programme was entitled “How to blow your pension”. Michael Buerk presented the results of various surveys which highlighted that most people who will have greater freedom of access to their pension funds in April this year,… Read more
Pension Planning Update Great news for pension planning! The government is to abolish the 55% pensions death tax charge with effect from April 2015! This means that if a person who dies is 75 or over, beneficiaries will only pay their marginal tax rate on drawdowns from the pension. At the moment the tax charge… Read more
Tax free loans – what do you need to know? It is possible for an employer to make a loan to an employee at a beneficial rate of interest or even at zero interest. When this happens it is called a beneficial loan and there maybe tax consequences for the employee receiving the loan if… Read more
Recommended Business Reading I am often asked what books I could recommend for business reading. Over recent years Hunter Gee Holroyd has built up a library of business books for the directors and team to read. The team have read them all and we would like to open the library to our clients and contacts…. Read more
NISA’s – The Basics From July 1, 2014, ISAs – Individual Savings Accounts – are being simplified and renamed… to NISA. New ISA (NISA) The main changes are as follows:- Annual Allowance increased to £15,000. It is currently £11,520 (with an increase to £11,880 on April 6). The full £15,000 can be split between CASH… Read more
Have you considered how the transferable tax allowances for married couples will impact you? With effect from April 2015 a spouse or civil partner will be able to transfer £1,000 of their personal allowance to their spouse or civil partner. This option will be available where neither spouse nor civil partner is a higher or… Read more
