HSCFS Key Guides series: April 2017
It’s certainly been a busy spring between the Budget in March and now a general election in June.
The government has been particularly active in trying to push through its Finance Bill before the dissolution of Parliament. However, the record-breaking 762-page Bill ended up as a mere 148 page Finance Act as more controversial items were set aside to smooth its passing.
We are pleased to tell you that, as usual, we have recently reviewed and updated our Key Guides series.
There is still uncertainty around some measures such as the changed money purchase annual allowance cut for 2017/18 and the projected cut to the dividend allowance for 2018/19, but both are expected to be reinstated should the government be returned on 8 June. We will certainly keep you posted at that time.
The latest information can be found within our specialist Key Guides, which are available to view below.
Specific updates in this update include:
- The taxation of investments
We have updated the section on dividend income to reflect the Finance Bill changes. We’ve added further information regarding property income and tax credits.
- Pensions freedom – drawing from your pension
We’ve made updates to reflect the changes to the annual allowance and amended the figures in the flexible pensions and rigid tax example.
- Pensions and tax planning for high earners
This Guide has been updated substantially, with a new introduction on the tax burden on income. We’ve also amended the facts and figures on pensions tax relief and carry forward rules.
- You and yours – estate planning
Amendments have been made to this Guide to further improve clarity and highlight the new main residence nil rate band.
Please get in touch with us – call 01273 710404 or email email@example.com – if you need help or advice on any of the topics covered in the Key Guides.