The Taxman won’t let businesses deduct excessive wages paid to the proprietor’s spouse. So how should you calculate the correct wage to keep on the best side of both your spouse and the Taxman?
Published 24.02.2005
If you employ a family member, how much will the Taxman allow you to pay them? Recent divorce rulings and revelations about MPs’ expenses suggest that the sky’s the limit. How can you use these to
your advantage?
Published 21.06.2007
The new legislation that restricts tax relief on pension premiums includes tough rules to stop those with incomes of over £150,000 from manipulating their income to escape the trap. But there are
ways to get around this. What are they?
Published 04.11.2009
A friend has told you that as he’s 50 he can take a tax-free lump sum from his pension fund before the rules change next April. He says he’ll plough it straight back into a pension to get extra tax
relief. This sounds too good to be true; is it?
Published 10.07.2009
Your pensions advisor has said that your company can claim full tax relief on all pension contributions paid on behalf of your spouse, irrespective of salary. Is this right?
Published 05.06.2008
Pensions freedom took effect on 6 April 2015. It included changes to HMRC’s anti-avoidance rules on pension recycling. To what extent is it still possible and is there still an advantage to it?
Published 23.06.2015
Under the new pension rules, the maximum contribution on which you can claim tax relief is £50,000 in any one year. If you pay more than this, you’ll be hit with a special tax charge. But is paying
over the maximum all bad news?
Published 31.03.2011
Your spouse was made redundant with little prospect of getting a job in the near future. As a result they’re wasting their tax-free allowance and losing state pension rights. Might paying them from
your company help?
Published 17.12.2020
Recycling (reinvesting) your pension lump sum is a simple way to boost the value of your retirement nest egg, but it’s subject to limits which were reduced in April. So how do you now maximise the
recycling tax break?
Published 29.11.2012
The current economic downturn has resulted in falling income for your family and now your partner has been made redundant. Could you transfer some of your income to them and save some tax in the
process?
Published 29.01.2009