[ˈpɛnʃᵊn]
A pension is a method of saving for retirement. There are many different types of pensions and each can have their own tax benefits.
A Pension is a type of retirement plan that provides income to individuals when they retire. Pension providers usually invest the contributions to grow the money and combat inflation.
There are lots of different types of pension. A Workplace Pension is arranged by an employer for their Employees. There are tax-reliefs with this scheme which are either automatically added to the pension pot or can be claimed with a Self Assessment.
A State Pension is a regular payment from the government once you retire. It is funded by National Insurance and the amount you receive depends on your lifetime National Insurance contributions. There are also individual pensions that allow you to put money in when you want to.
January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.
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We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!
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The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.
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