Q. I am a physiotherapist and I am self-employed. A colleague has told me that HMRC is scrutinising the tax affairs of all those who work in this sector, with a view to increasing its revenue. Is this correct? A. To an extent, yes, this is true. HMRC has conducted a number of disclosure campaigns in… Read more »
Q. I am the HR Manager of a well-known North-East employer. I am responsible for ensuring our compliance with the auto-enrolment / workplace pensions regime and I read with interest therefore your answer to a recent question regarding an expected “capacity crunch” amongst pension providers. I recently approached a pension adviser to source a suitable scheme… Read more »
Q. I am a higher rate tax payer. I make significant monthly contributions to my personal pension, upon which I receive tax relief at my marginal rate. I caught sight of a newspaper headline recently which appeared to suggest that the government is set to restrict pensions tax relief to the basic rate of income… Read more »
Q. I have heard a rumour that the government is set to reintroduce the married couples’ allowance. Is this correct? A. Not exactly. David Gauke, the Treasury Minister, has written a letter to Conservative MPs insisting that tax breaks for married couples will be introduced before the next election (meaning that, if it is to… Read more »
Q. I am approaching retirement and expect to save a considerable amount in the next five years in order to boost my pension. I read an article recently that stated that the lifetime allowance is set to be reduced and, if that is correct, I suspect that my pension savings may exceed the lifetime allowance…. Read more »
