“Whether you think you can, or think you can’t – you’re right.” Henry Ford
13 June 2022
A person is taxable on the “full amount of the state pension, benefit or allowance accruing in that year irrespective of when any amount is actually paid. Most state pensions are paid four weekly. This results in 13 four-weekly payments in a tax year, or 14 if a pension’s payday falls on 6 April. Similar
Every week we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely as everyone’s circumstances are particular to them.
I don’t know about you but we seem to have been here before. The Conservative leader has narrowly survived a confidence vote, we have high and rising inflation, there are assorted strikes, and there seems to be a general feeling of malcontent around. I have even seen reports that there is some consideration, I do