Hospital doctors and GPs are lobbying the government to amend the pension tax rules as the current system of restricting tax relief on pension contributions means many doctors are paying almost all of the extra salary back in tax if they take on additional responsibilities or work additional shifts.
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Pensions Savings Investments
This time of year is a good time to start planning your tax affairs before the end of the tax year on 5th April.
HMRC have updated their guidance on the rules for carrying forward the unused pension savings annual allowance, together with a calculator on their website.
Did you know that you can now view your National Insurance record online?
Take a look at our Spring 2016 Newsletter. It includes tax planning tips, our chosen charity for 2016 and our latest event details.
A number of changes have been made to UK inheritance tax over the past few years, including some very significant announcements in the 2015 Budget, therefore, it is now very important for individuals to review their Wills and undertake revised estate planning.