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Pension Contributions Limited To £10,000

By Louise Misiewicz Do you contribute towards a pension? Are you an additional rate tax payer? As we wrote in our previous article here recently that pension contributions now receive a tax credit. So, if you are a high rate tax payer and contribute £20,000 into a pension then you’d receive £4,000 tax back from HMRC. Most […]

How Commercial Properties Can Outperform Residential Using A SIPP

If you’re a client or a regular reader of my property investment and property tax blog, you may have seen one of the previous articles I’ve written about the benefits of investing in commercial properties using a Self-Invested Personal Pension (SIPP). I’ve advised clients for years to consider taking control of their pension funds to […]

Pension Relief Another Plus For Holiday Lets

If you’re a savvy residential buy to let investor, you’re probably well aware of the looming tax changes that could drastically increase your tax liability. As I’ve explained in previous blogs on the 2015/6 budget announcement, the changes to the way mortgage interest relief is granted from next year will mean that higher rate taxpayers will now pay […]

How to set up a SIPP pension

Ever since the government launched a consultation on pension saving last year, many have feared George Osborne’s next budget bombshell would involve taking away the current system of tax relief available to pension contributions, in particular by slashing the relief available to higher rate taxpayers. Happily, we recently learned that it had abandoned plans to […]

Property strategies for higher rate taxpayers

The problem – the tax on your investments before you start investing As a higher rate taxpayer you will be paying a large sum of tax on your business (self employment)/employment income as HMRC taxes higher rate taxpayers 40% and additional rate taxpayers 45%. So to invest £30,000 into a property, you would have to earn £50,000  from your employment […]

Tax Relief On Pension Contributions By Employees And Employers

Are you looking to make your next investment? Have you worked out the tax incentives of investing in a pension? The problem — pensions can be confusing I know from talking to clients that they are not investing in pensions. There are a number of reasons why this is the case, here is a brief list […]

Taking loans against your pension

Can my pension scheme make a loan? An occupational pension scheme that is a registered pension scheme can make a loan to the sponsoring employer or any party unconnected to the member. Any loan to a sponsoring employer should be secured and made on a commercial basis. There are five tests that are used to determine if a loan to […]

Paying yourself out of a limited company for 2016-17

Ways to get money out of a company There are several ways to get money out of a company in a tax efficient way Wages up to £8,060 provided you have no other form of employment income. £5,000 tax free dividends Contributions towards your own personal pensions Paying a wage £11,000 is the tax free […]

Using A Pension To Invest In Residential Properties

By Simon Misiewicz Are you a higher rate taxpayer? Do you ignore the fact that you have paid employment tax when you invest in residential properties? The problem — paying tax on your employment income to invest in property Many higher rate taxpayers work very hard for their earned income and are taxed at 40%/45%. […]

Tax Incentives To Invest In Pension Properties – Part 3 – Business & Employer Contributions

Posted by Simon Miseiwicz on 21st July 2014 Would you like to invest in property whilst getting a tax rebate? Would you like to build and control your pension pot? In this series of articles I am going to demonstrate the tax advantages of investing into a pension fund that still allows you to invest […]

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Telephone: 0115 939 4606
Email: simon@optimiseaccountants.co.uk