I would like my limited company to make pension contributions for me. I have FP14 and have never breached the terms. My advisor says I can’t have contributions made because of my FP14. This was not my understanding of the post April 2023 world. My understanding ... Continue Reading
An individual is a 40% taxpayer on their salary and has made pension contributions totaling £30,000 gross over the last three tax years. In the current year, they are selling shares and expect to receive a capital gain of £60,000. They plan to use the entire ... Continue Reading
Hi I am considering investment into an offshore reporting fund that accumulates its income. I understand that, if you hold such a fund on the last day of its reporting period, you have to declare income as per the "excess reportable income" rules and calculations. ... Continue Reading
Please could you help resolve this IHT planning question, as we have been given two answers so far: continue with paying rent; stop paying rent. Myself and my brother have been given 50% of our widowed mother’s house (25% each) (in 2012) as part of our family’s ... Continue Reading
I recently applied for probate online as executor for my father's estate - my mother (his surviving spouse is the sole beneficiary) The value for probate purposes is 454k The Gross estate for IHT is 487k net qualifying estate for IHT is 0 (as his spouse, my mother, ... Continue Reading
I have a client wo informs me that Funding Circle, which makes loans to businesses, has supplied him with a list of irrecoverable debts, totalling £12k. Should these be notified as a Negligible Value Claim ( in theory he still owns the outstanding loans) or under ... Continue Reading
Hello I would like to know whether the £1,000 personal savings allowance can be used for foreign interest income. This is for a basic rate taxpayer. Thank you Continue Reading
Good evening Is a mechanism in place whereby a third party (Insurance company) can pay an individuals PAYE and NI directly to HMRC. Under the following circumstances. The insurer is paying out following an employment tribunal, the claimants award (Unfair dismissal) ... Continue Reading
