To use an American expression, this one is a “no-brainer”! If you’re self-employed and some of your income is going to be taxed at 40% it makes sense to take out a pension which has the double advantage of reducing your Income Tax bill now and providing for your...
What is an AMRF? An AMRF is an Approved Minimum Retirement Fund. Changes in the Finance Bill 2021 will abolish AMRF’s which were supposed to guard against the risk of running out of money in later life for retirees. Prior to the Finance Bill 2021, retirees had to lock...
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