With potential Capital Gains Tax (CGT) changes on the horizon, many investors are thinking about realising gains on their investments before the budget announcement on 30 October 2024. However, if you plan

The current State Pension is £11,502 per year and is expected to rise to around £12,000 for the 2025/26 tax year. To put this into perspective, at today’s annuity rates, it would cost over £300,000 to purchase an index-linked annuity starting at £12,000 a year

Under the current pension rules, many people over the age of 55 can withdraw up to 25% of their pension savings tax-free.

With the October Budget fast approaching, there are strong rumours that pension tax relief could be a key focus for potential changes. These adjustments could raise more tax revenue than both Capital Gains Tax (CGT) and Inheritance Tax (IHT) reforms combined.

With potential changes to Capital Gains Tax (CGT) on the horizon, many taxpayers are considering bringing forward their asset disposals to take advantage of the current rates.

The table below sets out the HMRC advisory fuel rates from 1 September 2024. These are the suggested reimbursement rates for employees’ private mileage using their company car.