Latest from Aspira

Inheritance Tax – What Changes May Be Announced?

Kay Ingram

0 Comments 19 February 2020

New rules may be announced in the forthcoming Budget on 11 March, following the Office of Tax Simplification (OTS) proposed changes around lifetime gifts.* A Parliamentary Committee recommends scrapping most of the allowances for lifetime gifts and reducing the rate of inheritance tax from 40% to…

How Does Pension Savings Tax Relief Work?

Kay Ingram

0 Comments 28 January 2020

Everyone from the age of 0 to 75 can make savings into a pension plan with the benefit of tax relief. Contributions paid in by employers are not taxable and personal contributions reduce the taxable income of the pension saver. Tax relief is given at the taxpayer’s highest marginal income tax rate…