Carl Lamb, managing director of Almary Green Archant Our reader this week is self employed, and wants to know if they need to take out a work, as well as a state, pension scheme? Carl Lamb of Almary Green provides the answers. I’m age 42 and went self-employed in October. I’ve registered to pay National Insurance to make sure I get my stamp for my state pension but do I need to take out a work pension too? I know that company pensions are compulsory now but does that apply to the self-employed?Almary Green Response It’s not compulsory to take out a workplace pension if you are self-employed, so you are not obliged to do so. However, it is really important to think about building a pension pot for your retirement: your state pension will only bring up to around £8,500 per year (based on the maximum entitlement for the current tax year) which is unlikely to meet all your needs in retirement, unless you have already built up a sizeable pension pot while you … [Read more...] about Ask the Expert: I’m self employed, do I need a workplace pension as well as a state pension?
Do i need to pay taxes
Area voters will head to the polls on Tuesday for a midterm election that could see the balance of power shift toward the left in the U.S. Congress.Pennsylvania, and specifically the suburbs of Philadelphia, will play an important role in the future makeup of the Congress, with several races key to the Democrats' effort to flip the U.S. House. Nationwide, Democrats need a net gain of 23 seats to retake the majority.Suburban women voters, who oppose President Donald Trump in large numbers according to polls, are considered the key voting bloc in the midterms.One thing is for sure: Philly-area voters will be sending a congresswoman (from District 5) and perhaps a second as well (from District 4) to Washington to break up the current all-male congressional delegation from Pennsylvania.RELATED STORY: Pennsylvania Supreme Court unveils new congressional mapThere are other big races in the state, including for governor, and a multitude of contested seats in the state … [Read more...] about 2018 Pennsylvania general election: What you need to know
Carl Lamb, managing director of Almary Green Archant Our reader this week is worried that giving Christmas gifts to her grandchildren could push her over the annual gift allowance. So should she be a little less generous? Carl Lamb of Almary Green responds. I’m beginning to plan what I’m going to give my children, grandchildren and great grandchildren for Christmas this year. I usually give them money of £50 each for my 18 great grandchildren, £150 each for my nine grandchildren and £250 each for my four children, but there are so many great grandchildren now, it’s going to take me above the £3,000 a year total gift allowance. Do I need to cut the amounts down now?Response from Carl Lamb of Almary GreenAnnual gift allowances are essentially there to stop people giving large amounts of money away to avoid paying Inheritance Tax. The £3,000 is the total annual figure that you can give away without it being potentially considered as part of … [Read more...] about Ask the Expert: Do I need to cut down on my grandchildren’s Christmas presents?
Sections SEARCH Skip to content Skip to site index Style Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by The sweet spot A reader who’s a new mother herself struggles to celebrate a co-worker’s pregnancy. ByCheryl Strayed and Steve Almond Oct. 2, 2018 Dear Sugars, A younger colleague, whom I do not consider to be a personal friend, was open about having an affair with a married man. When she became pregnant, the married man left his wife and three children for her. Our office is having a baby shower for this colleague, and I’m finding it difficult to be supportive. I’m particularly sensitive to this because I’m a relatively new mother, and I cannot imagine losing my husband and family in the way that this man’s soon-to-be-ex-wife has. I feel sick thinking about the heartbreak and betrayal that she must feel. I’m also sad for their children, who are … [Read more...] about My Colleague Had an Affair. Now She’s Having a Baby. Do I Have to Act Happy?
There are some things you need to know before the French government starts taking your taxes directly out of your salary (called "prelevement a la source in French) at the beginning of 2019. Here's a list of the main questions and answers people are asking right now and if there are any missing that you would like information on, please email us at [email protected] and we will answer them and add them in. Will the change affect me? The reform concerns nearly all taxpayers at all levels of income in France who are earning through their work or their pension. In all, some 38 million households are set to be affected by the change. From January 2019 income tax (called impôt sur la revenu in French) will automatically come out of salaries, pensions and substitute income, for example in the case of maternity leave, job seekers' allowance and sickness compensation. What if I'm self-employed? Those … [Read more...] about Q&A: What the big change to income tax in France means for you