Bournemouth Accountants and Financial Advisers News, Ward Goodman Chartered Accountants
tax relief

Radical reform for pension contribution tax relief?

Posted under Tax Briefs, Ward Goodman News.

The pre-Autumn Statement rumour mill is suggesting a radical reform of pension contribution tax relief. Could tax relief for pension contributions be based on your age rather than the rate of income tax you pay? It may sound strange, but one idea doing the rounds is that tax relief on pension contributions should become a…

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state pension review

State Pension Age: getting older?

Posted under Tax Briefs, Ward Goodman News.

The government has published an independent review on the state pension system. There was a time when it was all so simple: men drew their state pension from age 65 and women from age 60. That all started to change in the mid-1990s, when the Pensions Act 1995 set in train a phased increase in…

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pensions anniversary

Pensions freedom anniversary: taking too much or too little

Posted under Tax Briefs, Ward Goodman News.

New statistics have been published showing just how much has been withdrawn in the first year of pensions freedom. In August, the Association of British Insurers (ABI) published data showing how much had been withdrawn from pension arrangements in the 12 months to April 2016, the first year in which the pension flexibility reforms introduced…

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cash isa

Cash defies low interest rates

Posted under Tax Briefs, Ward Goodman News.

New statistics from HMRC show that cash is still a popular ISA investment, despite ultra-low interest rates. In early summer the Financial Conduct Authority published a report looking at easy access cash interest rates for savings account and cash ISAs. The regulator surveyed the lowest rates on offer from 32 major providers and summarised its…

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