Private Pensions

  • Section 198 of Capital Allowances Act 2001

    Posted by karenh in Private Pensions on 23rd of August 2011
    Section 198 of Capital Allowances Act 2001

    Section 198 of the Capital Allowances Act 2001 has a major significance for property transactions. If the seller of the property has claimed capital allowances on any fixtures of the building, the tax relief enjoyed as a result might have to be paid back if the seller does not elect ... (Read More)

  • First Year Allowances (FYA) on Plant & Machinery

    Posted by karenh in Private Pensions on 22nd of August 2011
    First Year Allowances (FYA) on Plant & Machinery

    Until April 2008, small and medium enterprises were eligible to a first year allowance (FYA) of 40 or 50 percent on plant and machinery. FYA has now beer replaced with Annual Investment Allowance (AIA) that is available to large as well as small and medium enterprises. However, FYA is still ... (Read More)

  • What are private pensions?

    Posted by karenh in Private Pensions on 15th of August 2011
    What are private pensions?

    A pension is a type of saving wrapper that multiple investments can be held under in which an individual may save up a fund to draw income from upon their retirement. It is recommended by the Government that you begin saving for a pension, private pensions or ... (Read More)