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Posts by Trevor Clark

Your Money Queries – 7th August

August 7th 2015  ·  Trevor Clark  ·  
  • Investments
  • Tax
Trevor Clark

Q. I run a small Limited Company employing three staff. Most of my personal income is made up from dividends from the Limited Company. Am I right in assuming that I will experience a rise in taxes next year because of the recent budget? A. Yes most likely, depending upon the level of income you take… Read more »

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Your Money Queries – 31st July

July 31st 2015  ·  Trevor Clark  ·  
  • Family
  • Investments
  • ISA
Trevor Clark

Q. I have just been awarded a pay increase which takes my salary to £54,000. We have 2 children and my wife gets child benefit for them, which I understand that we will now lose. Is there anything we can do to retain this benefit? A. The High Income Child Benefit Charge was introduced on 7th January… Read more »

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Your Money Queries – 24th July

July 24th 2015  ·  Trevor Clark  ·  
  • Mortgage
  • News
  • Pensions
  • Tax
Trevor Clark

Q. I noticed in the summer budget that tax relief on pension contributions for higher earners was going to be restricted, but didn’t quite understand how. Could you enlighten me please? A. Tax relief on pension contributions will be reduced from 6 April 2016 for those with adjusted earnings over £150,000 per annum. Adjusted earnings… Read more »

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Your Money Queries – 17th July

July 17th 2015  ·  Trevor Clark  ·  
  • News
  • Pensions
  • Tax
Trevor Clark

Q. I noticed that the Summer Budget announced last week there is going to be a fundamental review of tax relief for pension schemes. Could tax relief for pension contributions disappear altogether? A. You are right, the Government has already kicked off a fundamental review of the pension tax framework to ensure it remains fit for purpose,… Read more »

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Your Money Queries – 10th July

July 10th 2015  ·  Trevor Clark  ·  
  • Mortgage
  • Tax
Trevor Clark

Q. I have a holiday cottage which I rent out to pay the mortgage, and sometimes use myself. I have recently had the council tax bill through, and was wondering whether I qualify for the single person discount, when there are often more people than that staying in it? A. The answer could actually be better than… Read more »

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