....The tax advantages enjoyed by the UK’s millions of self-employed people will be dramatically reduced following a series of major changes in the budget. Appearing to reverse a Conservative party manifesto pledge from 2015, Philip Hammond risked irking his backbenchers and party supporters by announcing he is to close tax benefit
s that are “no longer justified” by increasing the national insurance contributions (NICs) for self-employed people earning more than £16,250 a year. ...
[Read full article on Guardian
Wednesday 8th of March 2017 02:24:49 PM
.... Another option is a Self-Invested Personal Pensions (Sipp), which also ring-fences dividends from tax if money is not needed until age 55 - or 57 from 2028. The tax benefit
s of SIPPs are a good option for many, as investors can also benefit from pension tax relief. ...
[Read full article on Daily Express
Thursday 9th of March 2017 04:32:00 PM