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Making the most of pension contributions for tax purposes

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Welcome to the Orchard Accountants blog. This is our hub of information where we will detail company developments as well as provide news and insight into the ever-changing world of finances and accounting. If you read something which strikes to your interest, and you’d like to learn more about a particular topic or service we provide, don’t hesitate to get in touch with us today.

Making the most of pension contributions for tax purposes

Are you ready for the end of the 2023/24 tax year? (more…)

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Higher rate taxpayer? How to prepare for the end of the tax year

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible. For…

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Implications for businesses amid soaring pension tax relief

Recent statistics reveal a significant increase in the amount of annual pension tax relief, exceeding £50 billion for the first time. (more…)

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18-year-olds to be included in auto-enrolment expansion

A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate "earlier and increased savings" for millions of young people across the…

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Have your employees claimed their pensions? What business owners need to know

The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs. Recent data reveals that unclaimed…

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Beneficiaries could see inherited pensions taxed as new proposals by HMRC are published

Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax…

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Major pension reforms sparks rethink for UK savers

Several significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance. (more…)

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