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From time to time the Partners at Ingenhaag publish client memos and articles.
You can review the list of memos and articles in the column to the left and view the entire content for each simply by clicking on the link.
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George Osborne delivered his Emergency Budget on 8th July. There were several significant tax changes as the Conservatives look to balance the books and fulfil previous election promises without impacting the ‘average’ family... Read the full article here (opens as a PDF) |
George Osborne delivered his sixth Budget on 18th March.
Some modest increases in personal allowances and help for savers were announced together with further crackdowns on the avoidance of tax. Pensions were again subject to changes with a further reduction in the lifetime allowance, and it will soon be possible for annuities to be cashed in for a lump sum or alternative product. The wider implications of some of the measures announced will become clearer over the coming weeks. In the meantime we summarise the main proposals that may affect you.
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YEAR END TAX UPDATE 2014/15 |
In advance of the 2015 Budget on 18th March 2015 we summarise some topical tax issues that we hope will be of interest to you. The result of the General Election in May could also lead to changes in tax policy. The Labour Party have said that they intend to increase the additional rate of tax from 45% to 50% if they hold the balance of power after the election. Their policies also include a ‘mansion tax’ on properties valued over £2 million. Please contact your usual partner for any further information or explanations, and for details of Independent Financial Advisers (IFAs).
Read the full report here (PDF) |
George Osborne delivered his Autumn statement on Wednesday 3rd December. The wider implications of some of the measures announced will become clearer in the coming weeks and months. In the meantime we summarise the main proposals that may affect you.
TAX RATES AND ALLOWANCES
The standard personal allowance will be increased to £10,600 for 2015/16.
The increase is accompanied by a slight reduction in the basic rate band and anyone with total income in excess of £42,385 will be a higher rate taxpayer.
Allowances will continue to be withdrawn for those whose total income exceeds £100,000.
As previously announced, the capital gains tax annual exemption will increase to £11,100 for 2015/16.
Click here to read the full report (PDF) |
George Osborne delivered his fifth Budget on 19th March. There were extensive changes to the pension system and several measures to help savers. With and eye on next year’s general election several proposals will come into force from April 2015, but most of the big pension changes will take effect next week.
Read the full report here (PDF)... |
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YEAR END TAX UPDATE 2013/14 |
In advance of the 2014 Budget on 19th March 2014 we summarise some topical tax issues that we hope will be of interest to you. Please contact your usual partner for any further information or explanations, and for details of Independent Financial Advisers (IFAs).
Read the full report here... |
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FURTHER CHANGES TO PENSION SCHEMES ACTION MAY BE REQUIRED BY 5TH APRIL 2014 |
As you will be aware from our previous briefings, a number of changes have already been made to the pension regime over the previous few years. Further changes come into effect on 6th
April 2014 and we summarise below some of the key points. The input of a suitably qualified Independent Financial Adviser (IFA) will be invaluable. If you do not already have an IFA we can put you in touch with firms who are happy to work with you as a one-off project, or to advise on an on-going basis. If this briefing does not affect you personally, please pass on to other family members.
Read the full report here (PDF) |
George Osborne delivered his Autumn statement on Thursday 5th December. The wider implications of some of the measures announced will become clearer in the coming weeks and months. In the meantime we summarise the main proposals that may affect you.
Read the full report here (PDF) |
George Osborne delivered his fourth Budget on 20th March.Once again the speech to the House did not fully reflect all the proposals and the accompanying HM Revenue & Customs Tax Information Notes run to 192 pages. There are also a number of issues to be addressed through consultation. The wider implications of some of the measures announced will become clearer over the coming weeks. In the meantime we summarise the main proposals that may affect you.
Read the full report here... |
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CHANGES TO PENSION SCHEMES ACTION MAY BE REQUIRED BEFORE 5TH APRIL 2013 |
As you will be aware from our briefings, on top of the changes made to the pension regime in previous tax years, further changes came into effect on 6th April 2012. Also, the additional rate of income tax is reducing to 45% on 6th April so the tax relief available for pension contributions may reduce. We therefore summarise some of the key points you may like to consider before 5th April 2013.
read the full article here... |
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Tax Briefing - December 2012 |
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PLANNING FOR THE REDUCTION OF THE ADDITIONAL RATE OF TAX FROM 50% TO 45% ACTION MAY BE REQUIRED BEFORE 6TH APRIL 2013 - read more... |
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