Robert Ogle Chartered Accountants

As from April 5th individuals over 55 can withdraw all of their defined contribution pension. When received the payment is made up of two elements, compensation which is not taxable & interest which is. The main items that will affect business & individuals are as follows, please contact us for more information. Real Time Information (RTI) means that employers will be required to inform HMRC about emplyees wages & deductions online evey time they make payment!

From this tax year penalties for those who submit their income tax returns late but have no liability or a liability of less than £100 will not get those penalties rebated.