admin | SA Ledgers Ltd

Managing business cashflow

by admin | Oct 21, 2024 | Business Support

Cash Flow Forecasting Creating a cash flow forecast helps you predict your inflows and outflows, allowing you to anticipate any cash shortages. Update it regularly, be conservative in estimates, and account for any seasonal trends. A well-maintained forecast can help...

Deferring Class 1 NIC contributions

by admin | Oct 17, 2024 | National Insurance

Employees with more than one job may be eligible to defer or delay paying Class 1 National Insurance in certain situations. This deferment can be considered if any of the following apply: You pay Class 1 National Insurance to more than one employer. You earn...

Pension fund withdrawal options

by admin | Oct 17, 2024 | Pension

Most personal pensions set a minimum age at which you can start withdrawing money, typically not before age 55. Some pension benefits can be taken tax-free. Generally, you can withdraw 25% of your pension pot as a tax-free lump sum, with a maximum of £268,275....

Who qualifies for Tax-Free Childcare?

by admin | Oct 17, 2024 | HMRC notices

The Tax-Free Childcare (TFC) scheme helps working families manage childcare costs by providing support through a wide network of registered providers, including childminders, breakfast and after-school clubs, and approved play schemes across the UK. Parents can also...

Class 4 National Insurance payments

by admin | Oct 17, 2024 | National Insurance

Self-employed individuals are usually required to pay Class 4 National Insurance contributions (NICs) if their annual profits exceed £12,570. For the 2024-25 tax year, Class 4 NIC rates are set at 6% (down from 9% in 2023-24) on profits between £12,570 and...