Pension schemes and tax relief A pension is one of the most tax-efficient ways of saving for retirement. Pension schemes that are registered with HM Revenue & Customs (HMRC) can qualify for tax relief on: Pension contributions Investment income and gains Some lump sums paid from the scheme Contributions When you make a payment into …
Business Structures
The first question to ask is, are you self-employed and operating a business or are you an employee. If you are self-employed; income tax and national insurance payments are lower and you can deduct more expenses against your income. Against these benefits you have no employment law rights and more administration, self employment is not …
Introduction
This is an introduction to a series of blogs about business structures, taxation and accounting with an underlying theme of looking at the implications of employing people. This is quite a large subject area as there is no one correct answer to the issues faced, it depends on your circumstances, and we can only really …