articles/Business/endtaxyear-page2

It is approaching the end of the 2006/07 tax year is there anything I need to be aware of regarding year end tax planning. - part 2 of 1 2

Published 01/02/2007

Pensions

· Higher rate taxpayers making payments to their pension could attract tax relief at their highest rate.
· Pay into Family pension - under stakeholder pension rules you can pay into a pension scheme for your children. A payment if £2080 will become £3600 with the government's contribution and the growth is tax-free.


Capital Gains Tax

· Considers transferring assets between husband and wife, civil partners, before sale to utilise annual capital gains exemption · If you are married or in a civil partnership consider one spouse selling shares to maximise annual exemption and then the other immediately buys the same number of shares.
· Sell shares and then buy back with an ISA to utilise the annual exemption.


Please Note:
There is more than one page for this Article.
You are currently on page 2
1st Published 01/02/2007
last update 06/11/2019 11:05:43

More Business Articles



The Societies of Photographers Convention and Trade Show at The Novotel London West, Hammersmith ...
You have 267 days until The Societies of Photographers Convention starting on Wednesday 16th March 2022

Feb 0732Professional Image Maker

Professional Photo magazine - Professional Photographer of the Year competition now open for entries. £8000 worth of prizes to be won!