Menu
ATEB Suitability Upgrade – Tax Year End Changes

Our report writing software has been fully updated to accommodate changes to allowances, rates and reliefs in advance of the 2023/24 tax year.

Full details can be found below:

Pensions

  • ‘Annual Allowance’ amount updated to £60,000.00.
  • Adjusted income threshold amount for the ‘Tapered Annual Allowance’ updated to £260,000.00.
  • ‘Money Purchase Annual Allowance’ amount updated to £10,000.00.
  • All ‘Lifetime Allowance’ content has been updated or removed from the application to accommodate removal of the lifetime allowance tax charge.

Investments

  • ‘Dividend Allowance’ amount updated to £1,000.00.
  • ‘Annual Exempt Amount’ updated to £6,000.00.
  • Maximum investment amount for ‘Seed Enterprise Investment Schemes (SEIS)’ updated to £200,000.00.

Please don’t forget we have a collection of ‘how to’ guides, articles and hints/tips via our FAQs which are available on our Help & Support Portal.

Our support team are available 9am – 5pm / Mon – Fri to answer any further questions you may have support@atebsuitability.co.uk / 0191 338 8177.

Don’t forget to check Our View about this article and the Actions Required By You

ATEB Suitability Upgrade – Tax Year End Changes

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Monitor of convenient modern computer in office

FCA expectations – temporary long term absence

Compliance , , , , , , , , ,

Following consultation in CP20/23, which was published in December 2020, the FCA has made changes to the Handbook.     The affected sections are: SYSC 25.4 FIT 1.3 SUP 10A.14, 10C.9, 10C.10, 10C.11, 10C.14, 10C Annex 2G and 10C Annex 6R Form D In summary, the changes to the Handbook are intended to reflect the FCA’s […]

Read More
money laundering financial crime Hotrod die cast model on board

Extension of Annual Financial Crime Reporting Obligations

Compliance , , , , , , , , ,

Policy Statement PS21/4 summarises the FCA’s proposals to increase the number of firms (by circa 4500) who need to submit the annual financial crime report, which they refer to as ‘REP-CRIM’, based on its assessment and understanding of their business activities and potential money laundering risks. The REP-CRIM return provides the FCA with a range […]

Read More
Product Enhancements

Product Enhancements & Content Management Updates

Suitability , , , , , ,

We completed the latest upgrade to ATEB Suitability on 27th May 2021. This update comes at no additional cost and provides various template & content management enhancements as well as performance improvements for data integration loading times. Full details of the enhancements can be found in the tables below, but some of the highlights are: […]

Read More
calculation redress

FG 21/3 – charging for DB transfer advice

Compliance , , , , , , ,

Everyone involved with defined benefit pension transfer advice should by now be very aware that contingent charging is banned for all recommendations in relation to pension transfers or conversions except where the client qualifies for one of the two exemptions. The exemptions to the ban on contingent charging, which the FCA chose to call ‘carve-outs’ […]

Read More
https---s3-eu-west-1.amazonaws.com-fta-ez-prod-ez-images-5-2-0-7-1217025-1-eng-GB-FCA2.JPG?v1

Change of legal status

Compliance , ,

From 1 June 2021, the FCA will no longer be accepting Change of Legal Status applications. Instead, if you are thinking of changing your firm’s legal status, you will need to submit a New Authorisation application*. You will also need to cancel the previous entity’s permissions. When submitting an application for the new legal entity, […]

Read More
Load More