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Starting a pension for a child is a very long-term investment, and probably one only considered by high net worth individuals who have used every available tax wrapper to the max. Given the most that can be paid in for someone with no earnings is £3,600 gross a year, it’s important that any pension started is low-cost or the tax benefits can quickly be wiped out.
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The Government has promised doctors in England that their tax bills will be covered by the NHS in an attempt to get them to do overtime shifts.
The Competitions and Markets Authority (CMA) is investigating the completed acquisition of GBST Holdings Limited by FNZ (Australia) Bidco Pty Ltd.
The UK’s Self Invested Personal Pensions (SIPP) industry has recently been shaken by the outcome of the Berkeley Burke case in relation to SIPP investments.
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A recruitment agency and its managing director have pleaded guilty to misleading The Pensions Regulator (TPR) by falsely claiming staff had been put into a workplace pension.