Welcome to the latest issue of Tax Saving News, a Rickard Keen newswire which brings you updates and practical advice on minimising your tax liabilities.

In this edition, we consider the tax advantages of taking out a pension and using employee share schemes, as well as the effect of automatic enrolment on the lifetime allowance charge.

We also take a look at how companies can write off tax arrears and why it is not only charities that benefit from legacy donations, before concluding with a reminder of the new penalties for late filing and payment of tax.

We hope you enjoy reading Tax Saving News and that you find it useful. We welcome your feedback on the content, or ideas for topics that you would like to see featured in future issues, so if you would like to comment, please email admin@rickardkeen.co.uk or call 01702 347771.

Making the most of tax concessions

Taxpayers who have received demands from HM Revenue & Customs (HMRC) can use the little-known Extra Statutory Concession (ESC) A19 to write off tax arrears which are at least a year old – as long as they had a reasonable belief that their tax affairs were in good order.

Click here to view full article...

The benefits of legacy donations

Individuals are being encouraged to remember charities in their wills in exchange for a tax incentive.

Click here to view full article...

Using employee share schemes

Employee share schemes are designed to retain key personnel who are essential for the daily running of any business by offering them a long-term tax incentive to ensure their loyalty. Indeed, according to recent research, employees are set to save £870 million in tax in 2011 through the use of such schemes.

Click here to view full article...

Pensions offer tax savings as well as security

A new report has highlighted the value of pensions as a way of helping to provide a more financially secure older age and earn tax savings at the same time.

Click here to view full article...

File on time to beat tax penalties

Individual and business taxpayers are reminded of the new, tougher penalties for late tax returns and payments.

Click here to view full article...

Time ticking away to cut in lifetime pensions allowance

From 6th April 2012, the lifetime allowance for pensions will be reduced from £1.8 million to £1.5 million.

Click here to view full article...

 

Rickard Keen LLP | 7 Nelson Street, Southend-on-Sea, Essex, SS1 1EH.
Tel: +44 (0)1702 347771 | Fax: +44 (0)1702 330951 | E-mail: alan.worsdale@rickardkeen.co.uk

Rickard Keen LLP | Glenny House, Fenton Way, Southfields Business Park, Basildon, Essex, SS15 6TD.
Tel: +44 (0)1268 548127 | Fax: +44 (0)1268 548715 | E-mail: kate.davies@rickardkeen.co.uk

www.rickardkeen.co.uk
We operate a responsible email policy at Rickard Keen, so if you do not
wish to receive future marketing material, click here to unsubscribe.