Workplace pension law has changed. Every employer has new legal duties to help their workers in the UK save for retirement. As an employer you must automatically enrol eligible workers into a qualifying pension scheme and make contributions towards it.
The largest employers have already gone through this process and increasing numbers of employers are affected by the legislation each month. At the peak in late summer 2017, around 135,000 employers are due to reach their compliance (staging) date every single month.
The duties required of each employer do not finish with this staging date. Continuous assessments, communications and record keeping have to be carried out every time you pay your workforce and make their pension contributions. The Pensions Regulator has introduced stringent penalties for failure to comply with the 30+ new Auto Enrolment duties introduced by the Government.
In association with Devon and Somerset Law Society, PKF Francis Clark has recently completed the LMS DASLS survey for 2015 and we felt it timely to update you on the results of this, alongside a more general regulatory and taxation update.
PKF Francis Clark’s legal sector team is a leader in its field, with adept experience and skill. Acknowledged for its professionalism, integrity and depth of expertise, PKF Francis Clark advise over 100 law firms nationwide – from top 100 firms to sole practitioners.
GROWING AND PRESERVING ASSETS THROUGH TAX AND ESTATE PLANNING - Tina Davis, C...IFG Network marcus evans
Presentation by Tina Davis Milligan, CPA, Managing Director, Family Office Services, CTC | myCFO - Speaker at the IFG Wealth Management Forum Oct 2015 at the Trump Doral in FL
Workplace pension law has changed. Every employer has new legal duties to help their workers in the UK save for retirement. As an employer you must automatically enrol eligible workers into a qualifying pension scheme and make contributions towards it.
The largest employers have already gone through this process and increasing numbers of employers are affected by the legislation each month. At the peak in late summer 2017, around 135,000 employers are due to reach their compliance (staging) date every single month.
The duties required of each employer do not finish with this staging date. Continuous assessments, communications and record keeping have to be carried out every time you pay your workforce and make their pension contributions. The Pensions Regulator has introduced stringent penalties for failure to comply with the 30+ new Auto Enrolment duties introduced by the Government.
In association with Devon and Somerset Law Society, PKF Francis Clark has recently completed the LMS DASLS survey for 2015 and we felt it timely to update you on the results of this, alongside a more general regulatory and taxation update.
PKF Francis Clark’s legal sector team is a leader in its field, with adept experience and skill. Acknowledged for its professionalism, integrity and depth of expertise, PKF Francis Clark advise over 100 law firms nationwide – from top 100 firms to sole practitioners.
GROWING AND PRESERVING ASSETS THROUGH TAX AND ESTATE PLANNING - Tina Davis, C...IFG Network marcus evans
Presentation by Tina Davis Milligan, CPA, Managing Director, Family Office Services, CTC | myCFO - Speaker at the IFG Wealth Management Forum Oct 2015 at the Trump Doral in FL
With the elimination of the personal exemption in 2018, some large families could experience increased state-level taxes. In states where families trend to larger sizes, such as Utah, the State Tax Commission anticipates tens-of-millions in surplus revenues as a result of the personal exemption elimination.
A sensible and sustainable draw-down strategy in retirement by Tracy Jensen10X Investments
Tracy Jensen, Chief Product Actuary, 10X Investments presented at the 10X Retirement Conference 2014 on the topic A sensible and sustainable draw-down strategy in retirement.
Practical wealth management strategies for Health Care professionals looking to reduce taxes and maximize family estate using tax deferrals, income splitting, incorporation, insurance and Individual Pension Plans, among other strategies.
Slideshow: Analysis of the Tax Provisions in the "Grand Bargain"OCPP
A short presentation on why cutting the tax rate on pass-through income is misguided that further explains the issues raised in the Oregon Center for Public Policy's (OCPP) issue brief A GRANDLY FLAWED BARGAIN available at www.ocpp.org.
Slideshow: Analysis of Tax Provisions in "Grand Bargain"OCPP
A short presentation on why cutting the tax rate on pass-through income is misguided and that further explains the issues raised in the Oregon Center for Public Policy's (OCPP) issue brief A GRANDLY FLAWED BARGAIN available at www.ocpp.org.
Slideshow: Analysis of Tax Provisions in the Grand BargainChuck Sheketoff
A short presentation on why cutting the tax rate on pass-through income is misguided that further explains the issues raised in OCPP's issue brief "A Grandly Flawed Bargain"
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
1. Guide from
Simon Peters Associates
Tel: 07787 565250/01273 231796 simon@petersassociates.co.uk www.petersassociates.co.uk
Edit the above information by clicking directly within the grey panel, or by clicking ‘View’ in the main toolbar and selecting ‘Header and
Footer’
A guide to
Budget 2014 –
Tax Rates and Allowances
A SIMPLE GUIDE TO THE TAX RATES AND ALLOWANCES ANNOUNCED IN THE BUDGET 2014
This is a basic guide, prepared by ACCA’s Technical Advisory team, for members and their colleagues or
clients.
It is an introduction only and should not be used as a definitive guide, since individual circumstances may
vary. Specific advice should be obtained, where necessary.
2014/15 2013/14
£ £
Income tax rates - (non-dividend income)
10% lower rate tax - savings rate only Up to 2,880 Up to 2,790
20% basic rate tax Up to 31,865 Up to 32,010
40% higher rate tax 31,866 - 150,000 32,011 - 150,000
45% additional rate tax Above £150,000 Above £150,000
From 2008-09 10% starting rate applies to savings income only and will not apply if non-savings income
exceeds threshold.
Income tax rates - (dividend income)
10% rate Up to 31,865 Up to 32,010
32.5% higher dividend rate 31,866 - 150,000 32,011 - 150,000
37.5% additional dividend rate Above £150,000 Above £150,000
Personal allowances
Personal allowance (age under 65) N/A N/A
Personal allowance (age 65 - 74) N/A N/A
Personal allowance (age 75 and over) N/A N/A
Personal allowance those born after 5 April 1948 10,000 9,440
Personal allowance those born between 6 April 1938 and 5 April 1948 10,500 10,500
Personal allowance those born before 5 April 1938 10,660 10,660
Married couple’s allowance those born before 6 April 1935 8,165 7,915
Married couple’s allowance – minimum amount 3,140 3,040
Income limit for under 65 personal allowance 100,000 100,000
Income limit for personal allowances (born before 6 April 1948) 27,000 26,100
Blind person's allowance 2,230 2,160
1
2. Rent-a-room relief 4,250 4,250
Abatement of personal allowance will apply of £1 for every £2 of taxable income in excess of income limit.
National insurance
Lower earnings limit, primary Class 1 (per week) 111 109
Upper earnings limit, primary Class 1 (per week) 805 797
Upper accrual point * 770 770
Primary threshold (per week) 153 149
Secondary threshold (per week) 153 148
Employment allowance (per year per employer) 2,000 N/A
Employee's primary Class 1 rate between primary threshold and
upper earnings limit 12.00% 12.00%
Employee's primary Class 1 rate above upper earnings limit 2.00% 2.00%
Employee's contracted-out rebate - salary-related scheme 1.40% 1.40%
Married woman's reduced rate between primary threshold and upper
earnings limit 5.85% 5.85%
Married woman's rate above upper earnings limit 2.00% 2.00%
Employer's secondary Class 1 rate above secondary threshold 13.80% 13.80%
Employer's secondary Class 1 rate above secondary threshold
(contracted out) 10.40% 10.40%
Employer's contracted-out rebate, salary-related schemes (between
LEL and UAP) 3.40% 3.40%
Class 2 rate (per week) 2.75 2.70
Class 2 small earning exception (per year) 5,885 5,725
Special Class 2 rate for share fishermen (per week) 3.40 3.35
Special Class 2 rate for volunteer development workers 5.55 5.45
Class 3 rate (per week) 13.90 13.55
Class 4 lower profits limit 7,956 7,755
Class 4 upper profits limit 41,865 41,450
Class 4 rate between lower profits limit and upper profits limit 9.00% 9.00%
Class 4 rate above upper profits limit 2.00% 2.00%
Pensions
Annual allowance 40,000 50,000
Lifetime allowance 1,250,000 1,500,000
Relief's and incentives
Enterprise Investment Scheme (EIS) - maximum 1,000,000 1,000,000
Venture Capital Trust (VCT) - maximum 200,000 200,000
Enterprise Management Incentive Scheme (EMI) - employee limit 240,000 240,000
Seed Enterprise Investment Scheme (SEIS) 100,000 100,000
Income tax relief on EIS schemes 30% 30%
Income tax relief on VCT schemes 30% 30%
Income tax relief on SEIS schemes 50% 50%
2
3. Individual Savings Account (ISA):
- total maximum investment 11,880 11,520
- maximum cash element of ISA 5,940 5,760
Junior ISA investment limit 3,840 3,720
Child value of CFT limit 3,840 3,720
New ISA (NISA) limits
New ISA (NISA) annual limit from 1 July 2014 to 5 April 2015 15,000 N/A
New Junior ISA investment annual limit from 1 July 2014 to 5 April 2015 4,000 N/A
New child value of CFT annual limit from 1 July 2014 to 5 April 2015 4,000 N/A
Between 6 April and 30 June 2014 the total amount you can pay into a cash ISA is £5,940, any amounts
that you have paid into your ISA between 6 April 2014 and 30 June 2014 will count against your £15,000
NISA limit for 2014/15
Capital gains tax
Rate - basic rate tax payer 18% 18%
- higher rate tax payer 28% 28%
Individuals 11,000 10,900
Certain trusts for disabled persons 11,000 10,900
Other trusts 5,500 5,450
Entrepreneurs Relief lifetime limit 10,000,000 10,000,000
Entrepreneurs Rate 10% 10%
Chattels exemption (5/3 taxable on excess) 6,000 6,000
Working and Child tax credits rates
Working tax credit
Basic element 1,940 1,920
Couple and lone parent element 1,990 1,970
30 hour element 800 790
Disabled worker element 2,935 2,855
Severe disability element 1,255 1,220
Childcare element of the Working tax credit
Maximum eligible cost for one child (per week) 175 175
Maximum eligible cost for two or more children (per week) 300 300
Percentage of eligible costs covered 70.00% 70.00%
Child tax credit
Family element 545 545
Family element, baby addition Nil Nil
Child element 2,750 2,720
Disabled child element 3,100 3,015
Severely disabled child element 1,255 1,220
Income threshold and withdrawal rates
First income threshold 6,420 6,420
First withdrawal rate 41.00% 41.00%
First threshold for those entitled to Child tax credit only 16,010 15,910
Income disregard 5,000 5,000
Income fall disregard 2,500 2,500
Child benefit/Guardian's allowance rates
Eldest/only child 20.50 20.30
Other children 13.55 13.40
Guardian's allowance 16.35 15.90
An income tax charge will apply to taxpayers with income exceeding £50,000 in a tax year, when child
benefit is also received by them or their partner. The charge will reduce the financial benefit of receiving
child benefit for those with income between £50,000 and £60,000 and remove it completely for taxpayers
with income above £60,000.
3
4. Inheritance tax
Single persons nil rate band 1 - 325,000 1 - 325,000
Single persons 40% band over 325,000 over 325,000
Married couples or civil partnerships allowance nil rate band 650,000 650,000
Gifts to charities Exempt Exempt
Small gifts to same person 250 250
Marriage/civil partnership gifts by:
Parent 5,000 5,000
Grandparent/party 2,500 2,500
Other person 1,000 1,000
From 6 April 2012 a reduced rate of IHT of 36% will be introduced where 10% or more of the net estate is
left to charity.
Business Property Relief
Business or interest in a business and transfer if unquoted
shareholdings 100% 100%
Transfers out of a controlling shareholding in quoted companies,
land and buildings, plant and machinery used in a qualifying
company or partnership 50% 50%
Taxation of trusts
Trust tax rate excluding dividend income 45.00% 45.00%
Dividend trust rate 37.50% 37.50%
Basic rate trust income tax band 1,000 1,000
Corporation tax
Normal main rate (profits above £1,500,000) 21% 23%
Small companies rate (profits below £300,000) 20% 20%
Margin relief fraction 1/400 3/400
Capital Allowances
Main writing down allowance 18% 18%
Special rate writing down allowance 8% 8%
Annual Investment Allowance 500,000 250,000
First year allowances for certain energy-saving/water efficient
products 100% 100%
Research and Development Tax Credit Rates
SME Rate 225% 225%
Large company rate 130% 130%
Repayable tax credit for small and medium sized loss making
company 14.50% 11%
For large companies the tax credit is 130% or 10% above the line of tax credit
Patent Box
Patent box 10% 10%
The Patent box regime will phased in from April 2013 with companies able to claim the benefit of
60% for 2013/14, 70% for 2014/15, 80% for 2015/16, 90% for 2016/17 and 100% from 2017/18 onwards
VAT
Standard rate 20% 20%
Registration threshold 81,000 79,000
Deregistration threshold 79,000 77,000
Cash accounting scheme 1,350,000 1,350,000
Annual accounting scheme 1,350,000 1,350,000
Flat rate scheme 150,000 150,000
Flat rate scheme exit threshold 230,000 230,000
4
5. Stamp duty land tax (SDLT)
0% residential 0 - 125,000 0 - 125,000
1% residential 125,001 - 250,000
125,001 -
250,000
3% residential 250,001 - 500,000
250,001 -
500,000
4% residential 500,001 - 1,000,000
500,001 -
1,000,000
5% residential
1,000,001 -
2,000,000
1,000,001 -
2,000,000
7% residential over 2,000,000 over 2,000,000
15% non-residential over 2,000,000 over 2,000,000
0% non-residential 0 - 150,000 0 - 150,000
1% non-residential 150,001 - 250,000
150,001 -
250,000
3% non-residential 250,001 - 500,000
250,001 -
500,000
4% non-residential over 500,000 over 500,000
From 20 March 2014 residential property purchased by non-natural persons for consideration exceeding
£500,000 will be subject to SDLT at 15%
Annual Tax on Enveloped Dwellings (ATED)
Property value less than £2,000,000
0 0
Property value between £2,000,000 - £5,000,000
15,400 15,000
Property value between £5,000,000 - £10,000,000
35,900 35,000
Property value between £10,000,000 - £20,000,000
71,850 70,000
Property value more than £20,000,000
143,750 140,000
Stamp duty and stamp duty reserve tax
Standard rate 0.50% 0.50%
Higher rate 1.50% 1.50%
Insurance Premium Tax
Standard rate 6.0% 6.0%
Higher rate 20.0% 20.0%
ACCA LEGAL NOTICE
This is a basic guide prepared by the ACCA UK's Technical Advisory Service for members and their clients. It should not be used as a
definitive guide, since individual circumstances may vary. Specific advice should be obtained, where necessary.
5
6. Stamp duty land tax (SDLT)
0% residential 0 - 125,000 0 - 125,000
1% residential 125,001 - 250,000
125,001 -
250,000
3% residential 250,001 - 500,000
250,001 -
500,000
4% residential 500,001 - 1,000,000
500,001 -
1,000,000
5% residential
1,000,001 -
2,000,000
1,000,001 -
2,000,000
7% residential over 2,000,000 over 2,000,000
15% non-residential over 2,000,000 over 2,000,000
0% non-residential 0 - 150,000 0 - 150,000
1% non-residential 150,001 - 250,000
150,001 -
250,000
3% non-residential 250,001 - 500,000
250,001 -
500,000
4% non-residential over 500,000 over 500,000
From 20 March 2014 residential property purchased by non-natural persons for consideration exceeding
£500,000 will be subject to SDLT at 15%
Annual Tax on Enveloped Dwellings (ATED)
Property value less than £2,000,000
0 0
Property value between £2,000,000 - £5,000,000
15,400 15,000
Property value between £5,000,000 - £10,000,000
35,900 35,000
Property value between £10,000,000 - £20,000,000
71,850 70,000
Property value more than £20,000,000
143,750 140,000
Stamp duty and stamp duty reserve tax
Standard rate 0.50% 0.50%
Higher rate 1.50% 1.50%
Insurance Premium Tax
Standard rate 6.0% 6.0%
Higher rate 20.0% 20.0%
ACCA LEGAL NOTICE
This is a basic guide prepared by the ACCA UK's Technical Advisory Service for members and their clients. It should not be used as a
definitive guide, since individual circumstances may vary. Specific advice should be obtained, where necessary.
5