September 2017


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  • What if your client has bust the MPAA since April?

    14 July 2017

    When elements of the Finance Bill were left out in order to get it through Parliament post the snap General election, one of the proposed changes left without a firm resolution was the reduction in the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000. This was intended to be effective from 6 April...

  • MPAA change to £4,000 effective from April 2017

    13 July 2017

    Government ministers have confirmed that the Finance Bill will be introduced as soon as possible after the summer recess. This will legislate for all policies that were included in the pre-election Finance Bill. The government has also re-confirmed that all policies originally announced to start from April 2017 will be effective from that date....

  • Utmost Wealth adds two Dublin-based bonds to its offshore solutions

    3 July 2017

    Utmost Wealth Solutions has acquired the investment bond business of Axa Life Europe and has opened a Dublin office. The move adds two Dublin-based offshore bonds to the firm’s Evolution and Estate Planning Bonds, which are available via the Group’s Isle of Man base. Offshore bonds can be useful tools for high net worth...

  • Technical: Income and the Annual Allowance taper

    3 July 2017

    Net income, Threshold income, Adjusted income – What’s the difference? It’s all in the definition, says Fiona Tait, technical director, Intelligent Pensions We always knew the Annual Allowance (AA) taper would be complicated. The taper itself is simple enough – “the annual allowance is reduced by £1 for every £2 of income above £150,000,...

  • Client trustees – their responsibilities and duties

    6 June 2017

    In the last article of her series on estate planning Kim Jarvis, technical manager at Canada Life discusses what a client needs to consider before accepting the role of trustee – do they have the necessary skills and are they willing to take on the responsibility involved, given that trusteeship may last for many years? When a...

  • How might the General Election affect our pensions, tax and investments?

    5 June 2017

    Rachel Vahey, product technical manager, Nucleus looks at the manifestos of the main political parties and what they are saying around pensions, tax, savings and investments.  In the crucial run in to the General Election, most of the major parties have now published their manifestos, giving us vital information on how the savings and investment...

  • Technical: Ordering of absolute gifts in IHT planning

    23 May 2017

    Continuing her series of IHT and estate planning articles for Professional Paraplanner, Kim Jarvis, technical manager, Technical Services Team, Canada Life looks at absolute gifts and in particular a potentially exempt transfer (PET) in relation to a chargeable lifetime transfer (CLT). In my last article I considered two structures where a client can make a...

  • Tories social care cost proposals get mixed reaction

    18 May 2017

    In its manifesto the Conservative Party outlined its plans to tackle the social care crisis. These policies include increasing the threshold for free social care from £23,250 to £100,000. It also said it would extend the deferred payment plan to those receiving care at home. The scheme, currently available to those who decide to go into a care home, involves...