Tax Zone

Welcome to the Tax Zone. This area of the site is dedicated to keeping you updated on changes to tax legislation and its effects on financial planning. Here you will obtain detailed analysis on the budget, hints & tips and planning opportunities resulting from any changes made. This is intended to be a valuable resource for all our clients who wish to keep up-to-date and have a desire to take control of their financial affairs.

The Partnership always acts in the best interest of our clients. We work hard to ensure you receive the right advice and information enabling you to make the decisions that are best for you.

The content on this website is purely for information purposes only. Decisions should not be taken based solely on the content of the website and advice from a suitably qualified individual should be sought first.

Budget 2013 - 20/03/13

Please click me to download a copy of the Budget Summary 2013.

Many announcements made were anticipated but there were some surprises regarding tax relief despite the economic constraints. A fairly mixed reaction to this years budget. Whatever your view, our summary provides an interesting read. Some points of interest may include:-

  • Bolt can now run at the London Anniversary Games without suffering high taxes.
  • Pension contribution limits continue to fall. Planning in this area is vital to ensure you maximise return on the investment.
  • Tax free allowance increasing in 14/15.
  • Tax free child care scheme changing.
  • A single tier government pension and the removal of state second pension.
  • AIM shares soon to be incorporated into ISA's making them very tax efficient.
  • Businesses of a certain size can calculate their income tax on a cash basis.
  • Government helping remove the deposit barrier of purchasing a home.

and many more....

Please email us if you or request a call back if you wish to discuss how the budget affects you.

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Tim's indepth understanding of our business enables him to give us the best practical advice.