Latest Healthcare

24th February 2020 An update for NHS staff on the annual allowance charge for 2019/20

Current Issues The introduction of the tapered pension annual allowance from 6 April 2016 has been a contentious issue for many, in particular senior NHS staff members. The legislation change means that, for high income individuals, the annual pension allowance may be reduced from £40,000 to a minimum of £10,000. Pension inputs in excess of…

Read More »

5th December 2013 HMRC Investigations

Health Professionals Targeted in New HMRC Campaign. People in the health and wellbeing professions who have taxable income that they have not told HM Revenue and Customs (HMRC) about are being targeted in a new campaign. The Health and Wellbeing Tax Plan offers health professionals a time-limited opportunity to bring their tax affairs up to…

Read More »

18th December 2012 Tax Relief on Medical Expenditure

Chancellor delays Christmas. Don’t go splashing out on new medical/dental toys before Christmas; wait until the January “tax sale”! The Annual Investment Allowance is to increase from 1st January 2013 to £250,000 for a two year period. Therefore careful planning pre and post 31st December 2012 could accelerate a claim for allowances and reduce the…

Read More »