-
Aligning Your Business Exit with Your Personal GoalsWritten on August 3, 2026 by Kirk Rice LLP
Key Points A successful business exit is about supporting your personal, financial and family goals, not simply achieving the highest sale price. Understanding your future lifestyle, financial needs and legacy priorities may help shape better exit decisions. Family discussions and post-exit planning are often just as important as preparing the business itself. Tax, estate and […]
Read More -
Company car tax and fuel benefit changes: what to considerWritten on July 9, 2026 by Jake Alexander
Key Points Company car tax is based on Benefit-in-Kind (BIK), which depends on a vehicle’s list price, emissions, and fuel type. BIK rates have increased over time for higher-emission vehicles, making some company cars less tax-efficient. Fuel benefit charges can be significant and may outweigh the convenience of employer-paid fuel. Upcoming changes, including EV-related developments […]
Read More -
Pension consolidation: why it matters more ahead of April 2027Written on June 22, 2026 by Michael Powell
Key Points From April 2027, unused defined contribution pension funds are generally expected to form part of an estate for inheritance tax purposes, changing how many people view pensions within wider wealth planning. Consolidating multiple pension pots may make it easier to understand your overall retirement position, manage investments, and keep track of pension savings. […]
Read More -
Trusts – What Are They And How Do They Work?Written on May 29, 2025 by Kirk Rice LLP
Trusts – holiday, rental, buy to let, or investment property An unmarried couple are selling their Berkshire home to move into what was their let property. The let property has been owned by just one of them for 15 years and they have instructed their lawyer to change the ownership to joint. This will mean capital […]
Read More -
How To Top Up Your State PensionWritten on February 10, 2025 by Kirk Rice LLP
This is a great way to build pension provision for retirement. You need a minimum of 10 qualifying years of national insurance to receive any state pension at all, and at least 35 years to receive the full state pension. You can pay voluntary contributions (also known as Class 3) to receive extra years. You […]
Read More -
Self Assessment Tax Returns – Do I Need To Complete One?Written on October 28, 2019 by Kirk Rice LLP
It is an individual’s responsibility to ensure they pay the correct amount of Tax and make the required reports to HMRC; hence the title ‘Self Assessment’. Your income is taxed at source under the PAYE system and assuming your ‘notice of coding’ is correct, you should be paying the right amount of Tax on this […]
Read More -
Transfer ISA to Pension?Written on July 7, 2018 by Kirk Rice LLP
A lot of families are doing just that because they can boost their savings and pass money on death more flexibly and tax efficiently, but it may not be suitable for you. Let’s assume that £12,500 of your income is taxed at 40% (Higher Rate Income Tax) and you have more than £50,000 in various investment […]
Read More -
SIPP (Self Investment Personal Pensions) v Other PensionsWritten on March 14, 2017 by Kirk Rice LLP
A Self Invested Personal Pension (SIPP) operates to the same set of pension rules as a Personal or Stakeholder Pension which would be alternatives you could consider. The maximum contribution limits, retirement age and the amount of pension commencement lump sum as a few examples will be the same. The differences will broadly boil down to […]
Read More -
Shareholding Directors – Protect Shares & Pass The Value To A SpouseWritten on February 16, 2017 by Kirk Rice LLP
When you are busy growing the business it is easy to overlook the problems the business and family face if one of the Shareholding Directors were to die. If the right arrangements are not in place your wife could end up being a Shareholder in the business; this is clearly something that she would not […]
Read More -
Non Taxpayer – Can I Pay In To A Pension?Written on January 16, 2017 by Kirk Rice LLP
Yes, as a non taxpayer you are allowed to invest into a Pension and one of the main benefits will be that your contribution will qualify for Basic Rate Tax Relief. This is especially appealing when you consider that you are presumably a non taxpayer. There is not surprisingly a limit to the amount you can contribute […]
Read More
Recent Posts
-
Corporate tax planning: what it is, why it matters, and how it can support your businessWritten on October 14, 2026 by Kirk Rice LLP
-
Career Story – Rebecca EvansWritten on October 9, 2026 by Kirk Rice LLP
-
VAT Compliance: What Every SME Should KnowWritten on October 7, 2026 by Jonathan Swarbrick
-
6 Things to Know About Tax on Extra Income: Second Jobs, Freelance Work, & MoreWritten on October 5, 2026 by Jane Page
-
Business Valuation – Where Do I Start?Written on October 2, 2026 by Kirk Rice LLP
