About TAX relief

What is Tax relief:

Amounts that can be deducted from a persons annual income to reduce the amount on which tax is paid. For instance, a pension contribution of £1,000 could be deducted from taxable income of £20,000 to reduce the taxable element to £19,000.

Resources

The government encourages you to save for your retirement by giving you tax relief on pension contributions. Tax relief reduces your tax bill or increases your pension fund.
see Tax relief on pension contributions Directgov - Pensions and retirement planning.

A Treasury squeeze on tax relief is cutting by a third the amount of unclaimed tax a quarter of a million pension savers will be allowed to claim back.

Interested in contributing to this site, please send in your tax releif news to tax@taxrelief.co.uk

Around 250,000 higher rate taxpayers contributing to some types of money purchase pension are missing out on half their tax relief, and in some cases have been doing so for many years, according to Standard Life.

As forward thinking chartered accountants and business advisers, we deliver innovation,
we implement change, we develop businesses and we create wealth.

Our services
Proactive assistance is arranged through focussed business divisions.

Accounting and audit services are provided by , Chartered Accountants

Tax services are performed by qualified Tax Advisers

Consulting services are organised through Consulting

Strategies for growth businesses are delivered through Tax relief Strategies

  • Our approach: We are committed to:
  • striving for excellence in our working relationships with clients
  • delivering innovative solutions to businesses and individuals
  • enhancing business performance and personal wealth
  • investing in our people by training and developing their knowledge and expertise
  • adding real value; significantly beyond the level of people’s expectations

 

We offer an extensive range of services to owner managed businesses including:

  • Business advice and support
  • Accountancy and book keeping
  • Planning for sale or retirement
  • Personal and corporate taxation