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.
Phil Pluck, Chief Executive at the Freelancer and Contractor Services Association (FCSA), has written a letter to Chancellor Rishi Sunak pleading for more support for the UK’s temporary workforce. The letter has been written in response to the support measures that were announced after the UK’s third lockdown was confirmed in early January.
Had everything gone to plan this year, the Chancellor would have been delivering his Autumn Budget speech. Instead, Rishi Sunak declared an economic emergency alongside a slimmed-down spending plan as part of the Spending Review 2020.
How do I register for self-employment if I am not able to get a National Insurance number due to COVID-19?
HMRC has introduced a workaround for those who need to register for self-employment and obtain a Unique Taxpayer Reference (UTR) but have not been able to get a National Insurance (NI) number.
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