February 2018
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Latest - TAX AND TRUSTS

  • Tax breaks for young at expense of pension tax relief would be ‘nightmare’

    19 October 2017

    Pension experts have criticised reports that Chancellor Philip Hammond will offer tax breaks for younger workers paid for by cutting pension tax relief, hailing the idea a practical and political “nightmare.” The Chancellor of the Exchequer is believed to be exploring ways in which he can promote “intergenerational fairness” in next month’s Budget in...

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  • Industry must evolve to meet the requirements of female clients

    17 October 2017

    The financial industry must do more to meet women’s advice needs, with a new report revealing they are put off by the “aggressively masculine” world of financial services. The report, published by research firm Kantar, highlighted the differences between male and female perceptions of advice and found the industry must evolve to meet the...

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  • Case study: A costly LTA mistake

    12 October 2017

    Martin Tilley, director of Technical Services, Dentons Pension Management, describes how a non-advised action by a husband cost his wife her Lifetime Allowance protection The role of a self invested personal pension (SIPP) operator is to provide the regulatory and legal structure of the SIPP as well as the administrative services needed to run...

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  • PFS adds international advice to conference programme

    11 October 2017

    The Personal Finance Society is putting an international spin on its conference this year, in recognition of the growing numbers of clients with assets, income and liabilities in more than one jurisdiction. Working with international experts Phil Billingham, director of Perceptive Planning, and Paul Stanfield, chief executive of FEIFA, the PFS is creating content...

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  • AJ Bell urges Chancellor not to ‘wreck’ UK savings culture

    4 October 2017

    Pension provider AJ Bell has called for an independent commission on pensions tax to be formed, which could propose reforms based on the interests of savers. Amid fears that Chancellor Philip Hammond will “take the axe to pension tax relief” in his first post-election budget, senior analyst Tom Selby warned that the embryonic savings...

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  • Expect cuts to pensions tax relief warns Royal London’s Webb

    27 September 2017

    Lifetime and Annual allowances are likely targets as Government struggles with lack of political majority and to find sources of revenue, says ex Pensions Minister Sir Steve Webb, Royal London’s director of Policy and External Communications, told the CISI conference that anyone hoping Brexit negotiations would keep the Government from making further changes to the...

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  • Pension Annual Allowance: ‘Scheme Pays’ key dates

    17 September 2017

    Mike Morrison, head of platform technical at AJ Bell, examines Scheme Pays, the options and the key dates of which paraplanners should be aware. It has been six years now since ‘Scheme Pays’ was first introduced and it brought with it much needed flexibility by allowing pension scheme members to pay their annual allowance...

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  • Utmost Wealth launch capital redemption option

    14 September 2017

    Utmost Wealth Solutions has continued its development with the launch of a capital redemption option on its Dublin-based Delegation and Selection bonds. This enhancement complements the capital redemption option that is already available on the Group’s Isle of Man-based portfolio. The addition to the Dublin offering comes just three months after the launch of...

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