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+00:00 September 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+00:00 September 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+00:00 September 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 to [...]

2019-08-28T09:14:48+00:00 September 9th, 2019|News|

Relationship breakdown. What can be done financially?

When a relationship breaks down it is never easy. Groucho Marx, the American comedian, famously said - “Marriage is a fine institution, but who wants to live in an institution” First of all, couples who are living together often do not realise that they don’t enjoy the same legal rights as those married or living [...]

2019-09-26T10:37:36+00:00 September 2nd, 2019|News|