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Practical points 2018 - Personal tax

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This page has been archived because it is no longer current information but is still relevant, or it is current but over 12 months old
  • Publish date: 16 January 2018
  • Archived on: 01 January 2019

Guidance from ICAEW's Tax Faculty for practitioners on the latest developments in practice, policy and legislation related to personal tax, including: capital gains tax; income tax; inheritance tax; offshore investments; pensions; residence and domicile; savings and investments; and trusts. These brief practical points are published each month in the faculty's magazine TAXline.

The auto-enrolment (AE) minimum contribution is currently 5% of qualifying earnings, of which at least 2% must be paid by the employer. In April 2019 this rises again to 8% of qualifying earnings of which at least 3% must be paid by the employer, as shown in the table:

Employers should be aware of some potential upcoming issues in relation to AE and the April changes: