Some employers have reportedly been caught out after spending £58 on ‘Certificates of Auto Enrolment Exemption’ that are actually a scam. The appeal of the certificates is that, for a relatively small fee, the employer is told they will be exempt from any and all Auto Enrolment duties. However, such an exemption does not exist for (almost) all employers. Therefore as ...read more
As the more eagle eyed of you will no doubt have noticed, Chancellor George Osborne presented his 2015 Budget to Parliament this week. The 2015 Budget will affect both this coming tax year and the following – and if you live in the UK it is likely to have a profound impact on your life. You’ve probably heard plenty about ...read more
In Part 2 (see part 1 here) of our summary on pensions, we look at what tax implications and savings you can take advantage of.Income TaxAny pension contributions that you make serve to increase the basic rate band of tax (the amount you pay 20% tax on), and subsequently increasing all the further ...read more
Whatever age you are, it is never too early to start thinking about saving for the future. Many people will find that their state pension will not provide enough income to sustain the lifestyle that they are used to. So how can this be prevented?The first thing to understand is that there are many different options available in order to ...read more
In this week’s blog, we thought we would take a breather from the weighty topics that have been covered recently (such as foreign tax implications, and buying vs hire purchase) and answer some general questions that we’ve received over the past few months. Some of these, you may note, have been discussed in previous blog posts.Q: My company has received ...read more