News

We’re extremely proud to have been awarded the Best Companies 1 Star Accreditation for Workplace Engagement. Alongside this, the Best Companies survey demonstrated that our employees have “very good” levels of workplace engagement. What is the Best Companies Survey? The Best Companies Survey is a set of 70 academically designed questions based on their ‘8 factors of workplace ...

Beneficiaries paid 11% more Inheritance Tax in November 2017 than in November 2016. HM Revenue & Customs collected £445M, compared with £400M in the previous November. Have you checked the level of Inheritance Tax that is likely to be paid on your Estate? Why not contact Ward Williams Financial Services Ltd on 01932 830664 or by email on wwfs@wardwilliams.co.uk to find ou ...

IHT

There is a little known tax perk which cuts the cost of financial advice by up to £310 a year. It is in respect of legislation that came in to force last November in respect of pension advice vouchers. Employees can swap up to £500 of their pay each tax year for a pension advice voucher through salary sacrifice. The voucher can then be used to obtain financial advice about any ...

The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated. According to the press release: ‘The review’s recommendations, which will now be progressed and legislated for where necessary, will see: automatic enrolment duties continuing to apply to all employers, regardless o ...

The government have announced a delay to the roll out of tax free childcare which was expected to be fully implemented by the end of 2017. From 24 November 2017 the service is available to parents whose youngest child is under 6 or who has their 6th birthday on that day. Parents can apply online through the childcare service which can be accessed via the Childcare Choices websi ...

Tax

On Friday 8th December 2017 the Ward Williams Financial Services team along with a few close colleagues from our Tax department, joined the Surrey Wildlife Trust and other companies on a festive away day to help remove invasive Scotts Pine from the heathland of Barossa, Camberley. The importance of the maintenance of this rare heathland was explained to us - Lowland heathland ...

The Pensions Regulator is reminding employers that they need to comply with their auto enrolment duties. Automatic enrolment still applies to temporary staff this Christmas With the festive season fast approaching, employers may be planning to take on temporary staff to help their business survive the rush. Automatic enrolment applies to these employees in the same way as per ...

The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. Some of the key announcements are set out below.  Increased limits for knowledge-intensive companies The government will legislate to encourage more investment in knowledge-intensive companies under the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs). The govern ...

HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return. These changes took effect from September 2017. The affected taxpayers fall into one of two categories: new state pensioners with income more than the personal tax allowance (£11,000) in 2016/17; employees or pensioners with PA ...

The government have announced details of a new Help to Save saving scheme. The scheme is government backed and designed to support working people on low incomes build up their savings. The scheme, administered by HMRC, will be open to working people who receive Working Tax Credits, and those who receive Universal Credit with a household income equivalent to at least 16 hours a ...