September 2017
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  • Calculation of IHT in relation to pensions and Staveley

    1 March 2017

    Helen O’Hagan, Technical Manager at Prudential, considers the impact of Inheritance Tax (IHT) on pension death benefits and also the potential impact of the Staveley case. The rise in Defined Benefit (DB) transfers and indeed the general trend to transfer from any scheme which has more limited death benefits to a more flexible scheme,...

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  • Part surrender (and part assignment) gains on insurance bonds

    26 February 2017

    The ‘Lobler’ saga has been on the go since the appeal in 2015. Helen O’Hagan, Technical Manager at Prudential, explores the consultation that’s been ongoing since then and the resulting legislation that’s due to be introduced in the Finance Bill 2017. The ‘Lobler’ saga has been on the go since the appeal in 2015,...

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  • What is the Money Purchase Annual Allowance?

    23 February 2017

    Many people are confused by the various annual allowance quirks. Jacqueline Clezy, Technical Specialist at Prudential, explores what a difference an MPAA makes. Hopefully you are aware of the current Money Purchase Annual Allowance (MPAA) rules, introduced on 6 April 2015. They “have been introduced to ensure that individuals do not use the new...

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  • What’s going on in the ‘offshore’ world? Part 2

    19 February 2017

    Graeme Robb, Senior Technical Manager at Prudential, continues to explore the current state of the nation for offshore issues and highlights areas which may be particularly relevant to paraplanners. (If you missed part 1 you can find it here.) UK non-domiciles & UK residential property – IHT implications Currently, an individual who is not...

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  • What’s going on in the ‘offshore’ world? Part 1

    17 February 2017

    Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to paraplanners. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non qualifying’ for tax purposes meaning that...

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  • Lifetime Allowance and Annual Allowance planning for the high net worth client

    14 February 2017

    Tax charges may not always be a bad thing if the overall outcome is better for the client writes Clare Moffat, Senior Technical Manager at Prudential. What is crucial is that the relevant calculations are done so that the client knows what to expect. In this article we revisit planning for the high net...

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  • Allowances and pension contributions at the tax year end – brought to you by FundsNetwork

    7 February 2017

      Calculating pension allowances for your clients, particularly at this time of the year, can be highly complex. With this in mind we thought you might find FundsNetwork’s latest video of interest. Paul Kennedy, (Head of Tax and Trust Planning) and Paul Squirrell (National Pensions Sales Manager) discuss how taking a step-by-step approach to...

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  • Is three a crowd? The pension versus ISA debate

    6 February 2017

    The pension versus ISA debate has raged on and off for years. Les Cameron, Head of Technical at Prudential, asks if three’s a crowd.   I think the debate was arguably settled by pensions freedom when the biggest downside of pensions – limited access and poor death benefits – was fundamentally changed.  Total access, albeit...

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