With many businesses approaching the end of the accounting period’s final quarter (31st March), this is a perfect opportunity to review your employer pension contributions. For the contributions to be deductible against corporation tax, they must be paid on or before 31st March. From 1 April 2023, the headline (i.e. main) corporation tax rate...
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fuelled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting tax and rewarding hard work....
UK resident Individuals selling UK residential property at a gain, where the gain is not fully covered by private residence relief, need to submit a capital gains tax on property disposal (CGT PPD) return within 60 days of completion whereas non-resident individuals need to submit this return regardless of whether the property is sold...
Tax free allowances on capital gains have been slashed, resulting in increasing CGT liabilities. With effect from 6 April 2023 the CGT annual exempt amount will fall from its present level of £12,300 to £6,000 for 2023/24 and further to £3,000 with effect from 6 April 2024. By way of an example, a client...
PK Group have released a revised version of the mini budget review to inform you of the updated government budget announcements. Click here to view: Mini-Budget-2022 V2 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk or +44 (0)20 8334 9953
Have you missed the Mini Budget review? Do you require more information? PK Group have attached a Mini Budget Brochure to inform you of the latest government updates, such as tax cuts and the stamp duty abolition. Click here to view: Mini-Budget-2022 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk...
Market Overview Q2 2022 Introduction Rising inflation and expectations of a series of interest rates hikes in the US, UK, Europe and elsewhere have triggered a broad market sell-off in most asset classes including equities, fixed income and property with the notable exception of Chinese equities which performed well in the second quarter. Chinese...
In a guest blog for Be Richmond, Tim Philpott from our Employee Benefits department, explains 5 common pension mistakes that could harm your retirement and the useful tips that will help you take control of your financial future. To see the full article on the Be Richmond website Click Here. For more information on...
We’ve seen a few headlines about various aspects of pensions recently and so have put together a quick round up. State Pension ‘Triple Lock’ suspended The State Pension normally enjoys the protection of the ‘Triple Lock’ which means that each year it rises in line with the greater of either: Inflation (Consumer Price Index)...
Partnership with Anorak Technologies We are proud to announce our partnership with Anorak Technologies. The partnership sees Anorak’s advice platform embedded into PK Group’s recently launched PK Engage app which provides employees with interactive access to their employee benefits. PK Employee Benefits app, PK Engage, enhances employees’ understanding of their benefits and the true...