Donald Reid Group

Increase in pension auto enrolment contributions

The minimum amounts to be paid into employee’s workplace pensions is set to increase from 6 April 2019, and employers are responsible for making sure these increases are implemented and for advising their employees of the changes.  

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Entrepreneurs relief changes – how will they affect you?

One of the most unexpected changes to arise from the recent Budget was the introduction of new qualifying criteria on entrepreneurs' relief. As a result, those who previously benefited, may need to restructure the shareholding of their personal company to ensure they will still qualify.
 

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Phoenixism

Rules introduced with the Finance Act 2016 were intended to try to put an end to the situation where an entrepreneur formed a series of companies and took advantage of claiming entrepreneurs' relief on the cash released by liquidation rather than paying tax on the profits earned and withdrawn as dividend income.  

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