by Neesha Hallan | Jun 27, 2025 | HMRC
Employees who join their employer’s pensions salary sacrifice scheme stop paying pension contributions and instead sacrifice part of their gross salary in return for higher employer pension contributions. This means that both employers’ and employees’ National... by Neesha Hallan | Mar 1, 2025 | Budget
One of the biggest benefits is the tax relief you can receive on pension contributions. Basic rate taxpayers will receive tax relief at 20% on up to £60,000 a year of contributions, but remember, you cannot receive more in tax relief than you pay in tax in a single... by Neesha Hallan | Oct 10, 2024 | HMRC, Tax
HMRC will put you on an emergency tax rate when you first access your pension, but this treats your first payment as if this is what you are going to get in income every month, which leads to significant tax overpayment for new pensioners. The figures have been laid... 
by Lotuswise | Jan 12, 2021 | Tax
New Year’s Resolutions to Save Tax New Year’s Resolutions to Save Tax: Planning New Year’s Resolutions to Save Tax – At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before... 
by admin | Jun 5, 2019 | Tax
What you need to know about your pension in 2019 What are the changes and news impacting pensions this year and how does it apply to you? Doctors lobbying for Pension tax changes also impacting high income earners Hospital doctors and GPs are currently lobbying the...