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.
SM&CR training
Alistair MacDougall Compliance FCA, SM&CR
During a recent workshop, the FCA commented on SM&CR training. They do not believe that some e-learning or short generic training meets their requirements. We believe that this is primarily a reference to the need for all staff to understand the intention of the SM&CR to move firms to a culture of accountability at all […]