Is the abolition of inheritance tax on its way?

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TUE, 24 JUL 2018

When the Chancellor wrote to the Office of Tax Simplification (OTS) in January asking them to review inheritance tax (IHT), one had to wonder what the outcome would be. On 27 April the OTS published a call for evidence. On examination of the questions it asked, it is clear that nothing appears to be safe …

When a lifetime allowance charge is the lesser of two evils

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FRI, 08 JUN 2018

Earlier this month it was revealed that the amount received by HM Revenue & Customs in respect of the lifetime allowance (LTA) charge has almost trebled in just three years from £40m in 2014/15 to £110m in 2016/17. The number of individuals who breached the allowance has more than doubled over the same period from …

Thanks for re-platforming, now do it again

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TUE, 08 MAY 2018

It’s hard to remember that the platform market is a relatively new industry given how it has established itself as the dominant route for retail investors to access investments. The trend shows no sign of abating as the AUA sitting on platforms topped over half a trillion by the end of 2017 with year on …

The cost of control

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THU, 03 MAY 2018

One of my pet hates at the moment is when someone refers to an expression of wish as a “Pension will”. Such a title, in my opinion, is misleading and gives the impression that an expression of wish can achieve far more than is possible. A will specifies where and to whom your assets are …

DB & DC – the AA anomaly

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MON, 26 MAR 2018

I am often asked for a comment about defined benefit to defined contribution scheme transfers, however, there is little in the way of pension tax legislation that directly impacts on this type of transaction. On the contrary, the vast majority of principles impacting on such transfers are those set out by the Financial Conduct Authority …

Stand-out Q – unquoted shares

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SAT, 24 MAR 2018

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …

Stand-out Q – pension tapered annual allowance…

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SAT, 24 MAR 2018

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …

Stand-out Q – nomination part 1…

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SAT, 24 MAR 2018

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …

Stand-out Q – funding pension from outside UK…

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SAT, 24 MAR 2018

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …

Stand-out Q – PIP when rights transferred…

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SAT, 24 MAR 2018

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …