Business owners have been warned that the Government’s move this week to clamp down on a loophole on contributions to personal retirement savings accounts leaves a “short window” for them to maximise tax-efficient payments.
That policy change was widely utilised as a method for business owners to strengthen their retirement savings. “For entrepreneurs, particularly those with fluctuating incomes, now is the time to act if you want to move the dial on your retirement wealth, and maximise tax savings to your company and yourself.”
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