We use cookies to improve your experience on this website. Read More Allow Cookies
Deadline to Reduce Your 2018 Income Tax Bill Is Almost Here

Deadline to Reduce Your 2018 Income Tax Bill Is Almost Here

 

 

Deadline to Reduce Your 2018 Income Tax Bill Is Almost Here

As we approach October 31st, it is a very important time to take stock and see if you are in a position to reduce your income tax bill for 2018.

Pensions remain the most effective and simplest method to offset any liability in the previous year and as such we recommend that our clients maximise their contributions in order to do so.

Both the self-employed and those earning under the PAYE bracket can avail of this method and are advised to investigate what options you have.

Please note the following:

DEADLINE DATES: 

  • The deadline for individuals who both pay and file their revenue On-line Service (ROS) have until Tuesday, 12th November 2019 to pay a pension contribution and elect to backdate the income tax relief against the 2018 tax year.

  • Those who do not qualify for the ROS extension must do this by 31st October 2019.

There is no option to defer. If you do not take this opportunity, you will not get another chance to reduce your 2018 income tax liability. 
 

WE ARE HERE TO HELP;

Let us know if you require:

  • Assistance in making a pension contribution before the deadline 

  • Information on your contributions to provide to your accountant.

  • A referral to an excellent Tax Advisor / Accountant who will do it for you. We have agreed preferential rates for our clients so let us know

 

We look forward to hearing from you

 
 

 

0 Comments

Add Comment
  • 2019 | The Forecast Fallacy

    2019 | The Forecast Fallacy

    Monday 23 December 2019

    At this time of year I enjoy nothing more than opening my email archive and pulling out the communications from January 2019 to see what the ‘experts’ were forecasting for the year ahead.

    Read More

  • Article 6 - Overcoming The Action Gap:

    Article 6 - Overcoming The Action Gap:

    Monday 02 December 2019

    Concepts like ‘Retirement’ or ‘Savings’ are far too vague and lacking in meaning to act as a real incentive to change. Instead we need real world goals that are genuinely impactful and emotionally connected

    Read More

Contact Us Join Our Newsletter