ATEB Suitability Upgrade – Tax Year End Changes

6 April 2023 Doug McFarlaneSuitability

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.

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