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Tag: Pensions

Afford Bond Chartered Accountants
Tax trap hits 1 million over 55's
Almost one million people aged over-55 who took advantage of the right to withdraw from their pension funds between 2015 and 2018 may get an awful tax surprise as a result, according to HMRC.   Tax re...
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Afford Bond Chartered Accountants
Quarter of over 55's unaware of pension tax
"More than a quarter of people approaching retirement are unaware of the tax charge they will face if they withdraw their pension savings as cash," said Afford Bond Partner, Paul Edwards this week.  I...
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Afford Bond Chartered Accountants
State Pension Age Rises to 65 for Women
On 6th November, 2018, the state pension age for women increased to 65 - which means women now qualify for their state pension at the same age as men.  Paul Edwards, Partner at Cheshire accountants, A...
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Afford Bond Chartered Accountants
Remember to use up your tax allowances while you can
Effective financial planning should really be a year-round activity. But we all get busy and day to day life takes over. So often, it’s a shock to realise that the year-end tax deadline of 5 April 201...
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Banks Sheridan Ltd
CBI warns government not to 'tinker' with pensions tax
The first industry-wide survey since the general election sets out businesses' pensions priorities this Parliament. The CBI has reported that according to the latest survey companies wish for stabilit...
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