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Small businesses unprepared for serious illness

Thursday, May 18, 2017
More than half of small businesses (53%) say that they would close within a year if a key member of staff died or became critically ill according to new research from Legal and General. The company polled over 800 small businesses for its State of the Nation’s SMEs report and found  

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Pension Schemes Bill gets Royal Assent

Thursday, May 18, 2017
The new Pension Schemes Act 2017 will drive better standards for master trusts. While some pension-related changes, such as updates to the Money Purchase Annual Allowance, have been put on hold because of the General Election, the new Pension Schemes Bill received Royal Assent – just 

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Tax changes cancelled – for now

Thursday, May 18, 2017
As preparation for the general election gets into full swing, tax changes to workplace pensions have been removed from the Finance Bill 2017. They will not go ahead in the short term. In the recent Budget, chancellor Philip Hammond announced that the Money Purchase Annual Allowance (MPAA) 

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Tax-free childcare launches

Thursday, May 18, 2017
Working parents with children under the age of four on 31 August 2017 can now apply for Tax-Free Childcare. The new service, which currently offers an alternative to employer-sponsored childcare vouchers, launched on 21 April 2017. For every £8 parents pay into their accounts, they& 

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Cash withdrawals from pensions remain high

Thursday, May 18, 2017
A total of over £10bn has been withdrawn in cash from defined contribution pensions since new flexibilities were introduced in April 2015. HMRC has released details of cash withdrawals from pension pots during the 2016/17 financial year, as a part of the ‘freedom and choice&rsq 

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Brunsdon is the trading name of Brunsdon Financial Services Ltd. (Reg. No. 03434005), Brunsdon Insurance Brokers Ltd. (Reg. No. 03433998), Brunsdon Asset Management Ltd. (Reg. No. 07098607) and Brunsdon Auto-Enrolment Solutions LLP (Reg. No. OC402486). All companies are registered at Goodridge House, Goodridge Avenue, Gloucester GL2 5EA. Tel. 01452 623623 E-mail. enquire@brunsdon.co.uk. Brunsdon Financial Services Ltd. and Brunsdon Insurance Brokers Ltd. are authorised and regulated by the Financial Conduct Authority. Not all products and services offered are regulated by the FCA. The FCA does not regulate tax advice.

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