Tag Archives: pensions

Top Earner Pensions – Trick or Treat?

High Earner Pension

NHS pensions made news this year, consultants and GPs blaming large tax bills, linked to pension statements, for making some work uneconomic. But why should high-earning power, coupled with pension provision, spell trouble – even for top-earners outside the NHS? Two key allowances are at play: the annual allowance (AA) […]

Lifetime Allowance – Myths you need to know

lifetime allowance

For those who haven’t heard of this before, the Lifetime Allowance (LTA) is the amount that a UK individual can hold in a registered pension arrangement(s).  Now the LTA is £1.055m and it is set to increase with CPI every year.

Later Life Care – a financial time bomb?

later life care time bomb

Local authorities are cash strapped – fact.  The Dilnot Report capping the cost of Later Life Care fees keeps being delayed.  Something has to be done to address this. The Pensions Policy Institute (PPI) has published ‘Care in later life: incentives to use assets to pay for care’ sponsored by […]

Tens of thousands entering retirement each year without taking advice

retirement advice

New analysis from the Association of British Insurers (“ABI”) shows very low levels of retirement readiness. This isn’t really surprising to us but continues to be a bit worrying! Of the 62,000 people accessing some of their pension via drawdown for the first time during a 6 month period, 34% […]

North East NHS workers: Tax planning and pension Q&A

North East NHS Pension advice

Here in the North East, healthcare professionals, such as consultants, GPs, doctors and dentists need specific financial advice.  The team at Robson Laidler Accountants have a dedicated healthcare service where all matters of accounting, taxation, financial planning, payroll and NHS pensions advice can be delivered all under one roof. And […]

Tax year end planning 2019 – Recycle savings into a more efficient tax wrapper

With tax year end just around the corner, it’s time to check you are making the most of your tax reliefs and allowances to save for a brighter future. You may want to consider: No bonus? No problem: recycle savings into a more efficient tax wrapper As mentioned in our earlier […]

Tax year end planning 2019 – Investments: take profits using Capital Gains Tax annual allowances

  With tax year end just around the corner, it’s time to check you are making the most of your tax reliefs and allowances to save for a brighter future. You may want to consider: Investments: take profits using CGT annual allowances If you are looking to supplement your income […]

Tax year end planning 2019 – Recover your personal allowances and child benefit

With tax year end just around the corner, it’s time to check you are making the most of your tax reliefs and allowances to save for a brighter future. You may want to consider: Recovering personal allowances and child benefit Pension contributions reduce an individual’s taxable income. In turn, this […]