UK pensions to be hit by “Granny Tax”

Apr 26, 2012 | Accounting, Blog, Tax Planning

The UK Chancellor George Osborne announced in his latest 2012 budget that he is phasing out the “age-related allowance”. This was an additional income tax allowance based on age and meant that UK pensioners had a higher level of tax free allowance than workers. The...

Pensioners face additional taxes on pensions

Feb 20, 2012 | Blog, Tax Planning

Thousands of pensioners across the country were shocked and distressed last month to receive letters from Revenue advising them of changes to the tax they pay on private and occupational pensions.  The issue has also created a huge furore in the media. Cathal...