From 6 April 2024, the LTA will be abolished and a new regime for the taxation of lump sums and lump sum death benefits will be introduced. This is the most significant change to the UK pensions tax ...

In the month of March, tax planning picks up pace for salaried employees, and this is when many try to claim Leave Travel Allowance (LTA). However, every year, many of you miss out on this tax benefit ...

Pensions tax is never simple, and the legislation abolishing the lifetime allowance (LTA) on 6 April 2024 (“L-Day”) bears this out. Regulations issued mid-March correct some, but by no means all, of ...

From April 1, 2025, the new tax regime has become more attractive than the old tax regime for a larger number of taxpayers. This is because zero tax is payable on net taxable income up to Rs 12 lakh ...

While the new tax regime provides more benefits, including zero tax on income up to Rs 12 lakh for the financial year 2025-26, one must also consider the taxation of such perks. Here is how the new ...