Kirkpatrick & Hopes - Succession Planning Accountants

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BUDGET ON 8 JULY – should you make a pension contribution now?

Following the Election result on 8 May, the Chancellor has announced that there will be a second Budget.  We expect this to include a number of Conservative manifesto tax pledges.

There have been whispers in the financial press that the maximum pension contribution of £40,000 may be reduced or a possible reduction in the amount of tax relief for higher earners.

Our advice is that if you are intending to make a pension contribution in this tax year then it would be sensible to make this contribution before the 8 July.

Please contact us if you have any questions about this.

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