What is the Money Purchase Annual Allowance?

By Andy Pardoe, Compliance Officer at Anstee & Co.  If you are a UK taxpayer, when you pay into your pension you will get tax relief on your contributions up to £40,000 a year or 100% of your earnings, whichever is the lower. However, if you have started taking money from a defined contribution pension [...]

2019-09-26T15:33:39+01:00September 30th, 2019|News|

Lifetime Allowance. Could you be subject to the tax charge?

By Andy Pardoe, Compliance Officer at Anstee & Co.  The lifetime allowance is the overall limit of pension funds a member can build up during their lifetime before a tax charge applies. If you should go over this limit, you will pay a tax charge on the excess whenever you take income, withdraw a lump [...]

2019-09-26T10:43:09+01:00September 23rd, 2019|News|

Could an Apprentice really be the answer?

By Jane Lumley-Walker, Office Manager at Anstee & Co. Back in January 2018 one of our administrators handed in his notice looking for a career change. We had a gap to fill and how best to do it?? We could recruit an experienced administrator but would have significant recruitment costs and training to carry out [...]

2019-09-19T15:47:51+01:00September 19th, 2019|News|

Could you use your home as a cash machine?

More and more people over the age of fifty-five, are using their home as a cash machine as interest rates continue to fall on Equity Release plans. The rates have tumbled from around 8% four years ago, to fixed rates below 3% today. How can you turn your home into a cash machine? According [...]

2024-01-26T14:42:11+00:00September 9th, 2019|News|
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