Don’t forget that the Standard Lifetime Allowance and Annual Allowance with regard to pension savings and tax are reducing from 6 April 2014.
The Standard Lifetime Allowance, is to reduce from £1.5M to £1.25M with the Annual Allowance falling from £50,000 to £40,000. These changes will apply from 6 April 2014.
Pension planning provides a very valuable tax relief, to make sure that you are maximising your benefits, please do get in touch.
cleartaxation are a leading team of tax experts based in the Central Belt of Scotland, but servicing clients all over the UK.
For journalists enquiries, we always have an opinion and are happy to help – please contact Arlene directly on 07595 915 164