Amounts that can be deducted from a persons annual income to reduce the amount on which tax is paid. For instance, a pension contribution of 1,000 could be deducted from taxable income of 20,000 to reduce the taxable element to 19,000. The government encourages you to save for your retirement by giving you tax relief on pension contributions. Tax relief reduces your tax bill or increases your pension fund. A Treasury squeeze on tax relief is cutting by a third the amount of unclaimed tax a quarter of a million pension savers will be allowed to claim back.
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Our company is a leading provider of global tax consultancy and services to corporate groups, businesses, entrepreneurs, expatriates, private individuals and families. As an independent service provider, we offer the top level of confidentiality and a broad choice of services, from tax consultancy to corporate and trust governance, finance advice, as well as wealth management and protection.
Additional tax relief at the individual's highest rate of tax, i.e. 20% or 41% in 2015 and 2015, is available for people who have been unemployed for one year or more and who take up a qualifying job. Relief in the first year of employment is E3,810 plus E1,270 for each child, reducing to two-thirds of that amount in Year 2 and one-third in Year 3.
When training to be an accountant, one of the specialist areas that you can consult in is tax. ACA students who have completed the required training contracts will find a wide variety of consultancy businesses that are looking for newly qualified ACA accountants. See: http://www.ukcbc.ac.uk/. One of the specialist areas that you could focus on is tax, there are numerous opportunities to work for leading companies that provide global tax consultancy services, these services span multiple areas including business, private individuals, family tax and sometimes entrepreneurs and expatriates.
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