This week (18th to 22nd November 2019) is Talk Money Talk Pensions Week in the UK. The goal of this week is to ease the discomfort around talking about money and motivate people to be more active in their financial wellbeing.
Contractors and freelancers working through a limited company can benefit greatly from taking initiative with their pensions. However, a recent report warns that freelancers are not saving enough for their retirement.
Whether you’re a seasoned contractor or have just started contracting, you have probably thought about pensions and how you can save for your retirement.
Recent legislation regarding auto-enrolment into workplace pensions for employees has been brought in by the Government to encourage workers to put aside for their future. This legislation states that employer’s with workers that fall under the following criteria must automatically enrol them into a workplace pension scheme.
We’re working with R&D Tax Credit Specialists Churchill Knight & Associates Ltd is now working with LimestoneGrey – a leading independent firm of Chartered Tax Advisers specialising in research and development (R&D) tax credit claims R&D tax credits may sound complex. This is why we have teamed up with one of the leading specialists in the…Details
Completing a tax return can be time-consuming and often stressful – especially if you decide to put it off until the last minute. Although it’s tempting to leave it until later in the year, there are many benefits to filing your Personal Tax Return early.
What is the legislation about? The agency provisions 44 to 47 of the Income Tax (Earnings & Pensions) Act 2003 (“ITEPA”) were amended and came into force on 06 April 2014. HM Revenue & Customs (HMRC) has constantly been concerned about the increasing number of workers who function as self-employed or sole traders but who…Details
Introduction This guide has been exclusively designed by Churchill Knight & Associates Ltd for recruitment agencies. It is intended to provide more information to you about the changes that were introduced to the Finance Act 2014 which are affecting both onshore and offshore employment intermediaries. The aim of this guide is to allow you to…Details
When did the AWR start? The Agency Workers Regulations (AWR) came into effect on 1 October 2011. Scope of the AWR The AWR affect the following: Temporary agency workers who have an employment contract or contract for services with an agency but works temporarily for and under the direction of the hirer. Individuals/companies who supply…Details
Compliant umbrella companies will pay you in the same way, but… Compliant umbrella companies will process your payroll (PAYE) in precisely the same way. The only thing that will vary between providers is the margin they deduct for carrying out their service. With this in mind, it’s essential that you understand the individual deductions that…Details