Pensions – tax treatment on death
Details of how pension funds are treated for tax on death. Significant changes have been made to the tax treatment of pension funds on death. At SKZ Chartered Certified Accountants, we can provide guidance on the rules which allow pension funds to pass free of all taxes in the Essex area. Alongside the changes […]
Pensions – Tax Reliefs
We set out the tax reliefs available to members of a Personal Pension scheme. Personal Pensions are common types of ‘registered pension schemes’ which allow members to obtain tax relief on contributions into the scheme and tax free growth of the fund within limits. We consider the rules here. At SKZ Chartered Certified Accountants, we […]
Pensions – automatic enrolment
If you employ staff, you’ll need to ensure you comply with the auto-enrolment regulations. The government is placing greater responsibility and sometimes higher costs on employers. Employers are required to provide access to pension provision for their employees. If you are an employer in the Essex area we, at SKZ Chartered Certified Accountants, can […]
Occupational pension schemes: trustees’ responsibilities
Employers can help promote retirement benefits for their employees in a number of ways including occupational schemes. Occupational pension schemes require the establishment of a trust in order to gain the tax advantages and to ensure that the assets of the pension scheme are kept separate from those of the employer. We outline in […]