An update from Les Cameron, Head of Technical at Prudential
Hello everyone
I’m a happy chappy this week. I no longer need to answer the question “when will the tax relief modeller be back?” with “soon”, now the answer is “it is!”. Like a phoenix from the flames, our tax relief modelling tool is back online.
I can tell you, doing 700+ tax sums using paper, pencil and a calculator, for scenarios with multiple income types, multiple bond gains, gift aid, child benefit issues and pensions contributions (and then doing them again on Scottish rates) gets a little bit dull after the first 400 or so…
But things brightened up when the team decided it was working as intended. If you want a tour then contact your account manager or you can access via the link.
And there's more
With the “will tax relief be going at the budget” bandwagon rolling out of town I thought I best jump on. My musings on why people might want to buy a pension “while stocks last”, read it here.
To support the return of the tool we’ve some new pension tax planning themed “Technical Shorts”. Alongside those, Graeme has a short steps video. Thankfully nothing to do with the UK dance pop sensations, he’s covered the 7 steps of the UK income tax computation. It’s the foundation of so much in the financial planning world and well worth a watch.
Drop me a line if you’ve any thoughts or feedback on [email protected]
Cheers
Les
