Jacqueline Clezy

Can clients get refunds from overpaying pensions?

A look at some of the circumstances in which a refund of excess contributions lump sum can and cannot be claimed Logan and Noah work in partnership as self-employed painters and decorators. In recent years they have taken an equal share from their profits of around £30,000 per annum. With plans to retire in the […]

Jacqueline Clezy: Bond gains – know your tax implications

Advisers must be careful not to let tapered annual allowance rules catch them out Mhairi lives and manages her own company in Brighton. Each year, she draws a salary of £10,000, dividends of £85,000, and her company makes an employer pension contribution of £40,000. She has an onshore bond, invested for 10 full years, and […]

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Fixed protection: stick or twist?

What increase in standard lifetime allowance means for clients with fixed protection Mindy has had income for the last three tax years of around £38,000 from her tailoring alterations business. She plans to sell the business and take her pension benefits to fund her day-to-day living expenses when she reaches her 60th birthday in August. […]