Tax for Companies / October 10th 2019

Pensions Annual Allowance – an easy mistake to make

Many individuals pay into a pension scheme each year, whether through their employer, making their own contributions into a private scheme or a combination of both.  However, what most taxpayers don’t know is that there is both a life time limit and annual allowance.  Exceeding either of these comes with a significant tax charge, but the annual allowance is often the one that is missed. The…

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