Budget 2021

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Budget 2021 – what you need to know In a Budget dominated by measures aimed at helping businesses and the economy recover from the impact of the coronavirus pandemic, there were also some significant announcements when it comes to your pensions, savings and the tax you pay. Chancellor Rishi Sunak’s second Budget, delivered on 3…

Tax planning with redundancy payments

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Tax planning with redundancy payments Redundancies are an unfortunate consequence of current times. And with the Government’s furlough scheme coming to an end, there may be more employers who will need to make cuts to their workforce. It’s important that those facing redundancy understand what is included in their lump sum payment, how it’s taxed…

COVID-19 the latest

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Please see below a brief factual summary of the Chancellor’s announcement last Thursday. Employees  For the six months from 1 November , the new  Job Support Scheme (JSS) will protect viable jobs in businesses who are facing lower demand over the winter months due to COVID-19.  Employees for whom JSS claims are made will need…

‘Summer Statement’

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The Chancellor yesterday made his “Summer Statement”. I have summarised the key points and the potential impact for your clients and their families below. As always if you have any questions please let me know. Economic Backdrop In the first two months of the FY 2020/21, UK government borrowing has exceeded £100bn and according to…

NHS Staff

One Day A Week dedicated to NHS Staff for a 15 minute Zoom Call At Our Cost Our amazing NHS workers are facing an extremely challenging and daunting future. They are essentially putting their lives on the line for us. Day in. Day out. On top of the worries of the coronavirus pandemic, we have…

Your Covid-19 Government Support Scheme Guide

Bentley IFA has been reviewing the various support schemes offered by the government. Please find below the updated government matrix, which includes details for rules on supporting the self-employed.   Individuals / Employees Self-Employed Individuals* Businesses / Employers*  Coronavirus (COVID-19) helpline –  Webchat – Speak to an adviser – for problems paying taxes due to coronavirus (COVID-19),…

Impact of the Coronavirus

Is the impact of the Wuhan Coronavirus being offset by better news elsewhere? Comparing the current Coronavirus with previous endemics is likely to be misleading, as they differ in terms of the speed with which they spread, and the ratio of fatalities to the total number of people infected. Alarmingly, more people have been diagnosed with…

Employers are reviewing pension arrangements

  Master trusts could lead to poorer retirement outcomes than group personal pensions, as these schemes don’t allow for adviser charging, Royal London has claimed. In its 24-page policy paper Group Personal Pension or Master Trust? – A guide for employers published last week (April 25), Royal London stated if employees are enrolled into a master trust they…

Managing your tax affairs in 2018/19

Now is the perfect time get a head start on your tax planning resolutions to enhance your own, your family’s or your company’s tax-efficient plans for the future. We have set out some tax tips and actions that may be appropriate to certain taxpayers. It is important to ensure that, if you have not done…