Archives for Uncategorized

‘State Pension top up’ scheme

A new scheme is being launched offering anyone reaching State Pension age before 6 April 2016 a chance to increase their State Pension by up to £25 a week. People are eligible if they are entitled to a UK State Pension and have already reached their State Pension age or reach it before 6 April 2016. This includes men born before 6 April 1951 and women born before 6 April 1953. The scheme will remain open for 18 months and those who think they can benefit will be able to buy additional State Pension, worth up to £1,300 a year.
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Freeagent partership

We are pleased to announce that we now have a partner agreement with Freeagent accounting software.  This gives us a 40% reduction in RRP which we are passing directly to clients.  For those of you already using the software then we will be in touch to speak about the transition and billing. For clients looking to move towards accountancy software or change from their existing provider then we have review of Freeagent on our website – take a look and see if it would be good for your business. You can compare Freeagent with other accounting software by reading our other accounting software
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Glazedale pitch in for DIY SOS

Glazedale provide bespoke energy efficient UPVC  windows, doors and conservatories throughout the East Midlands so when the call came out from the BBC’s DIY SOS programme, they had to respond to help a local resident. The programme won’t be shown for a few months yet so we don’t want to spoil the story but we do want to say congratulations and give a big thanks to the great team at Glazedale for their contribution, saving the family £8,000 and helping them to solve a big housing challenge. Well done all.
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National Minimum Wage rises

The National Minimum Wage (NMW) is a minimum amount per hour that most workers in the UK are entitled to be paid. NMW rates increases come into effect on 1 October 2015: From 1 October 2015: the adult rate will increase by 20 pence to £6.70 per hour. the rate for 18 to 20 year olds will increase by 17 pence to £5.30 per hour. the rate for 16 to 17 year olds will increase by 8 pence to £3.87 per hour. the apprentice rate will increase by 57 pence to £3.30 per hour.
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Pension freedoms for those with annuities

The Chancellor has announced a new flexibility for people who have already purchased an annuity. From April 2016, the government will remove the restrictions on buying and selling existing annuities to allow pensioners to sell the income they receive from their annuity for a capital sum. Individuals will then have the freedom to take that capital as a lump sum, or place it into drawdown to use the proceeds more gradually. Income tax at the individual’s marginal rate will be payable in the year of access to the proceeds. The proposal will not give the annuity holder the right to
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Help to Buy ISA

The government has announced the introduction of a new type of ISA, the Help to Buy ISA, which will provide a tax free savings account for first time buyers wishing to save for a home. The scheme will provide a government bonus to each person who has saved into a Help to Buy ISA at the point they use their savings to purchase their first home. For every £200 a first time buyer saves, the government will provide a £50 bonus up to a maximum bonus of £3,000 on £12,000 of savings. Help to Buy ISAs will be subject to
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How to save tax

Tuesday, 7 April 2015 from 18:00 to 20:30 Recart Space, Wollaton Road, Beeston Nottingham, NG9 2NN Price: £25.00 +VAT Whether you are a company director, operating as a sole trader, or converned about your personal tax affairs, it’s very likely that you could be missing a trick or two when it comes to saving tax. One of our clients recently cut their tax bill by around £10,000 by following our advice – not a sum to be sneezed at, you’ll agree. This practical seminar will highlight the opportunities you are missing and explain some of the less obvious ways to
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Pension flexibility update

The Government has announced that people who wish to access their defined contribution pension flexibly will be able to go to a local Citizens Advice Bureau across the UK for expert free and impartial face to face guidance or receive telephone guidance from the Pensions Advisory Service. In Budget 2014 radical changes to the way individuals can access their pensions were announced. The Government promised that those able to take advantage of these flexibilities would be entitled to free and impartial guidance on their available choices as they approach retirement. Pension expert Dr Ros Altmann CBE said: ‘This is a
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Upcoming changes to pension rules

The Government plans to bring even greater flexibility into the pension system from April 2015. In effect an individual will be able to choose what they want to do with their defined contribution pension fund. If they want to draw out all of the fund on retirement they will be able to do so. The tax free element will be 25% of the sum and the balance will be taxed as income in that year. If they wish to buy an annuity they will be able to do so. If they wish to opt for a drawdown arrangement they will
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