National Insurance Limits
Recent history of National Insurance threshold limits for Lower Earnings Limit (LEL), Primary Threshold (PT) and Upper Earnings Limit (UEL) are below; Tax Year LEL
GMP Revaluation
A history of Fixed Rate revaluation is below; Date of leaving Revaluation After 06/04/2017 3.50% 06/04/2012 – 05/04/2017 4.75% 06/04/2007 – 05/04/2012 4.00% 06/04/2002 –
Inheritance Tax NRB & RNRB
On death, IHT is payable at the rate of 40%* on taxable assets that exceed the Nil Rate Band (NRB) and additional Residential Nil Rate
Capital Gains Tax
A client’s overall total gain/loss for all disposals for the tax year, after deducting any losses from previous years and the Capital Gains Tax Annual
State Pension history
Recent history of State Pension amounts are below; • The new Single Tier Pension (STP) for those individuals who reach State Pension Age on or
Auto Enrolment limits history
History of Auto Enrolment limits are below; TAX YEAR EARNINGS TRIGGER LOWER QUALIFYING EARNINGS UPPER QUALIFYING EARNINGS 2024/25 £10,000 £6,240 £50,270 2023/24 £10,000 £6,240 £50,270
Standard Lifetime Allowance History
There is no upper limit on benefits that can be provided by registered pension schemes, but there is a maximum accumulated capital value which if
Annual Allowance History
The Annual Allowance (AA) is the amount of pension savings that benefits from tax relief in any one tax year. Since April 2016 the Annual