Planning for retirement: a tax checklist
It is sensible to make sure you are prepared for the tax implications of retirement. Here we provide a useful checklist of some things you might need to consider.
It is sensible to make sure you are prepared for the tax implications of retirement. Here we provide a useful checklist of some things you might need to consider.
Workplace pensions (also called ‘works’ pensions, work-based pensions, company pensions or occupational pensions) are schemes organised by your employer. Here we provide some basic information about workplace pensions.
This page considers some of the main employment law rules for employees. We are not employment law experts but to be helpful we give you some basic information about the matters listed below and link to where you can get further help and guidance.
Ideally, you should make sure the tax status is correct in the first place. There is lots of information to help you, and you should always keep records of your decision-making process so that you can show HMRC evidence that you took as much care as possible. As we shall see later, this can help ...
Taking on your own personal assistant (PA) or carer directly, whether funded through government money, or privately, can mean that you become an employer. This brings with it many responsibilities such as registering as an employer with HM Revenue & Customs (HMRC), operating a Pay As You Earn ...
If you need care, you may receive occasional help from family, friends or neighbours. You might pay them for their help, or just reimburse their expenses or give them small gifts like flowers or chocolates as a thank you. In order to avoid tax implications, it is important to understand the rules ...