HMRC are running a campaign to remind people that they could get up to £2,000 per child, per year, towards childcare costs. Broadly, eligible parents or guardians can receive government top-ups of 20p for every 80p that they pay into a tax-free childcare account, up to a maximum of £2,000 per child or £4,000 for
The provision of benefits for employees will usually assist in reducing National Insurance Contributions for businesses. Where a director is concerned, this may have the opposite affect due to the low salary they receive. Here is an explanation on how remuneration planning can help to keep NIC’s low. National Insurance Contributions NIC is a form
Last week NHS England published a plan under which doctors could pay their 2019/20 annual allowance tax charges out of their pension fund. The UK Health Minister has since warned that these plans may constitute ‘tax avoidance’. How have the charges arisen? The annual allowance for pension contributions is currently £40,000 per annum. Taxpayers who
