Millions of self-employed people are being left without the simple, effective route into retirement saving enjoyed by employees. That is the stark conclusion of a new thought leadership paper from the Society of Pension Professionals (SPP). ‘The Missing Millions: Rethinking Pension Policy for the Self-Employed’ calls for a fundamental look at how the UK helps […]
More than 600,000 high earners across Britain could be caught by pension tax rules by 2032, according to new analysis. It suggests that the number forced to reduce their pension contributions will increase by more than a fifth over the next five years. The figures were revealed in a Financial Times report, highlighting that the […]
The government has launched a consultation on proposed changes to the timing of Income Tax Self-Assessment (‘ITSA’) payments. Under the plans, taxpayers who also receive employment income or a pension through PAYE could have their Self-Assessment liabilities collected during the tax year through adjustments to their tax code, potentially from 2029/30 onwards. The government is […]
After more than half a century in agriculture, Alan Johnson has brought in his final harvest. The 66-year-old agricultural contractor and engineer, based in Tarleton in West Lancashire, can trace the origins of his family business back to 1872. Engineering has long been the mainstay of the operation, including fabricating specialist trailers for local salad […]
Ribble Valley entrepreneur Lousie Monk was walking the family dog in fields near her home when she had a vision. That was in 2018. Today that vision is Everything Retreat, an adult-only, luxury micro-resort located in the Mellor countryside that is going from strength to strength. The retreat she has created is just that – […]
Did you know that the 2026/27 tax year will be the final year in which employers can submit forms P11D to HMRC? For that year, the existing rules will still apply, and benefits in kind must be reported in the usual way by July 6, 2027. However, from April 6, 2027, onwards, P11Ds will no […]
The deadline for reporting 2025-26 benefits-in-kind is fast approaching. All taxable benefits provided to employees must be reported to HMRC on form P11D. And for the tax year ended April 5, 2026, they must be submitted by July 6, 2026. Where an employer arranges and pays for a contract and/or an asset for private use […]
Exiting a business is not an easy decision for any owner – but planning a proper exit strategy should be. Putting such a strategy place will help when it comes to decision making and will make the process, when it happens, easier and more profitable. The map to the exit that you have created then […]
Chancellor Rachel Reeves has delivered her update on the state of the UK economy against the backdrop of growing conflict in the Middle East that is set to send energy prices soaring and create more market uncertainty. The estimate for the country’s economic growth has been lowered for this year, but the Chancellor insisted her […]
Family ties are strong and that can be a massive positive when it comes to growing a business. But when things go wrong in a family concern the fallout can be felt far and wide. That is why it is vital to have proper structures in place to mitigate those affects and prevent real damage […]
