Alexander Grace ’s Post

💰 Raising £10 billion through pension tax reform could reshape financial futures. The Fabian Society's proposals aim to create a fairer system, benefiting most taxpayers while addressing the funding gap. How will these changes impact your pension strategy? Stay informed 👉 https://lnkd.in/ej_AR8eT #PensionReform #TaxPolicy

💰 Raising £10 billion through pension tax reform could reshape financial futures. The Fabian Society's proposals aim to create a fairer system, benefiting most taxpayers while addressing the funding gap. How will these changes impact your pension strategy? Stay informed 👉https://lnkd.in/em3v_KFd #PensionReform #TaxPolicy

💰 Raising £10 billion through pension tax reform could reshape financial futures. The Fabian Society's proposals aim to create a fairer system, benefiting most taxpayers while addressing the funding gap. How will these changes impact your pension strategy? Stay informed 👉https://lnkd.in/evS5KpPP #PensionReform #TaxPolicy

💰 Raising £10 billion through pension tax reform could reshape financial futures. The Fabian Society's proposals aim to create a fairer system, benefiting most taxpayers while addressing the funding gap. How will these changes impact your pension strategy? Stay informed 👉 https://lnkd.in/eXt8M6wh #PensionReform #TaxPolicy

🚨 Last Chance to Register! 🚨 In collaboration with BlackPoint Capital Partners, we're revealing essential strategies that could allow you to access up to £250,000 of your UK pension without owing taxes. This is your last call to gain insights that could significantly impact your financial planning and retirement. 🗓️ Final Reminder: Thurs, Feb 29, 2-3 PM EST 👉 Secure Your Spot: https://hubs.ly/Q02mD7b50 What You'll Miss If You Don't Attend: - Expert guidance on leveraging the US-UK Pension Tax Treaty - Strategies for tax-free pension withdrawals - Real-life case studies and actionable advice - Live Q&A session to answer your specific questions Can't make the live event? No problem. Register anyway, and you’ll receive exclusive access to the replay and transcript, ensuring you're always in the loop. #UKPension #TaxFreeWithdrawal #FinancialPlanning

Let's talk about your financial strategy with pension splitting! Canadians with spouses/CLPs can allocate up to 50% of eligible pension income to their partner, optimizing taxes. Ideal for higher-tax-bracket recipients. Age and pension type determine eligibility. For personalized advice, visit thekilgourgroup.com or email Lindsey.Kilgour@igpwm.ca. Let's simplify the complex together. #FinancialGuidance #SimplifyComplexity #FinancialAdvisory #TaxSeries #TheKilGourGroup

Possible changes in the UK's October Budget may significantly impact your pension. Key proposals include altering pension tax relief, limits on the 25% tax-free lump sum, and possibly making the remaining pension fund subject to inheritance tax. These changes could generate greater tax revenues. It's crucial to plan ahead, as such shifts often take effect from the tax year start on April 6. However, mid-year changes do occur. Need help navigating these potential changes? Get in touch via our website, we're here to guide you 🤝. #Budget2023 #PensionChanges 👉🏻https://buff.ly/3RAN6Jy

It is Pension Season! When you make a pension contribution in Ireland, the government rewards you with tax relief. This means that a portion of the money you invest in your pension fund is returned to you in the form of a tax rebate. What makes this incentive particularly enticing is the varying rates of tax relief based on your income tax rate. With the potential for a 20% or 40% rebate on your contributions, it’s a financial no-brainer for anyone looking to secure their financial future. Get in touch before you file your tax returns to talk about your pension contributions. #personalbroker #pension #retirementplanning

Under the current rules, the government adds to your pension contributions at the 20% basic rate. For instance, if you save £4,000 in a personal pension, the government tops this up to £5,000. If you are a higher rate taxpayer there is a further £1,000 tax relief when your tax liability is calculated, reducing the net cost to £3,000. Additional pension contributions can be even more effective if your income is between £100,000 and £125,140 as the gross pension contribution reduces net income for the purposes of the reduction in the personal allowance. Note that for every £2 of income in excess of £100,000, the £12,570 personal allowance is reduced by £1, with reduction to nil where net income is £125,140 or more. This is effectively a 60% tax saving. #PensionPlanning #RetirementReady #FutureSavings #InvestInRetirement #SmartSavings #RetirementGoals #FinancialFreedom #SecureRetirement #WealthBuilding #RetirementAdvice #FinancialWellness #PlanForTheFuture #SavingsJourney #RetirementSolutions #PensionAdvice

💰 Under current pension rules, you can withdraw up to 25% of your #PensionSavings tax-free! 🏦 However, the Finance Act 2023 has set a limit of £268,275 for tax-free withdrawals unless you’ve applied for protection at a higher amount. Rumour has it that this tax-free limit may soon drop to £100,000. This news has already led to significant withdrawals from pension funds in recent weeks. ⚠️ Remember, there are strict anti-avoidance rules! If you withdraw more than £7,500 and then contribute more than 30% of that amount back into your pension within a year, your withdrawal could be classified as an unauthorised payment, incurring a 40% tax! Stay informed and plan wisely! 📊 Get in touch with #ViewpointAccountants today: 📱 01245 258689 #PensionPlanning #FinancialLiteracy #TaxFreeWithdrawals #Finance2023 #PensionUpdates #Pension