Tax Planning

Starting on from April 2022 Dividend Tax increased by 1.25% across the board.

Are you getting the most from the tax-saving benefits your pension can bring?

The value of a pension will be directly linked to the performance of the funds selected and may fall as well as rise.  You may get back less than the amount invested.

The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.

Making pension contributions is one of the most effective pieces of tax-efficient planning a company can undertake. The contributions by a company to a pension scheme are usually fully allowable in calculating the profits chargeable to corporation tax.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.

It is important that you regularly review how you draw income out of your company. The attraction of paying a dividend is that it does not attract national insurance contributions and the payment of a dividend has no tax consequences for your company.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.