Category Archives: Taking Pension Early

New Portal Tax Claims ‘Online Case Tracking System’ Feature

Portal Tax Claims have once again jumped ahead of the curve with the introduction of its expert online case tracking system enabling clients to follow the progress of their cases anytime, anywhere. Used internally by the firm for a number … Continue reading

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Manufacturers applaud capital allowances change

Manufacturers are applauding a key change to the tax regime for capital allowance claims that gives a substantial cash boost to companies that invest in the most up to date machinery. As part of the chancellor’s plans, in the near … Continue reading

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Is this a Loophole?

In a separate post, we looked at capital allowances that are allowed as a deductible expense for computing taxable income. We noted that capital allowances allow long-term expenditures, such as on buildings, plant & machinery and furniture, to be written … Continue reading

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Manufacturers applaud capital allowances change

Manufacturers are applauding a key change to the tax regime for capital allowances that gives a substantial cash boost to companies that invest in the most up to date machinery. As part of the chancellor’s plans, in the near future … Continue reading

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Capital Allowances are not fully Claimed in most Cases

Capital allowances represent the “expensing” of qualifying assets over their useful lifetimes. Because these assets are used over a number of years, treating their whole cost as an expense in the year of purchase will distort operating results. And tax … Continue reading

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Early Pension Advice on what to Expect

Pensions are vital in the UK for saving till retirement and the Government advise everyone to have at least one early pension to ensure they have a suitable income when they retire. An estimated ?27 billion shortfall exists in today’s … Continue reading

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