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In these unprecedented times, new financial information to kickstart our economy is being reviewed by the Government and consistently updated. At Tax-Link, we believe information is a key element of success and we can help by keeping you up to date. If you have any queries, please do not hesitate to contact us, and together, we can make it through these challenging times.
Personal – pensions tapered annual allowance
Rates and allowances The tax-free personal allowance will remain at £12,500 for the 2020/21 tax year throughout the UK. The basic-rate band in England, Northern Ireland and Wales will stay at £37,500 and consequently, the higher-rate threshold will con...Tapered allowance threshold set to rise
High earners poised for pensions boost.BCC: ‘Use the Budget to boost businesses’
Time to sweep away barriers to business growth.Workplace pension participation levels hits new high
Participation rate increased 30% over eight years.FSB calls for tweaks to entrepreneurs’ relief
Business group warns against abolishment in Spring Budget.Predictions for Spring Budget 2020
A round-up of the best rumours for individuals and businesses.The end of mortgage interest relief
Landlords to lose relief on finance costs from 2020/21.UK-US trade deal may boost economy by 0.16%
Government estimates an uplift of up to £3.4bn.IFS: ‘Pensions should be liable for inheritance tax’
Cutting pensions tax relief seems unlikely.Campaigners voice concerns over IR35 changes
No penalties for non-compliance in 2020/21.
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