March 2018


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Latest Development - Tech Zone - In Association with Prudential

  • Questions from technical helpline – Tax and trusts

    19 March 2018

    We have numerous queries asking how offshore bond gains are taxed. Neil outlines the basic points below. However where the policyholder has had periods of non UK residence during the term of the bond ‘Time Apportionment Relief’ may apply. This is a complicated subject which is covered in our tech centre article ‘Taxation of...

  • Wholly Disproportionate Gains

    12 March 2018

    HMRC have published guidance in their manuals in respect of life assurance bonds and excess gains. As you know, life assurance bonds have a unique feature whereby individuals and trustees are able to take up to 5%  tax deferred, across all of the segments, each year, out of their bonds. However, if this amount...

  • Prudential release 2nd Oracle regulatory special

    6 March 2018

    Welcome to the second Oracle regulatory special. In this edition we have articles that cover PRIIPs and MiFID II and new disclosure requirements. So, what are we covering: An overview of the regulations – this article explores how the regulatory changes affect different illustrations such as KFIs, IODs and Ex-Ante cost and charges illustrations...

  • Questions from technical helpline – Pensions

    5 March 2018

    Death: Q&A As reports typically show more people die in the winter months than during the rest of the year, we thought we’d cover some of the more common questions we’re asked on the topic of pensions and death benefits this month. Death benefit options Q1. What death benefit options must any existing pension...

  • Make things simpler with Prudential’s Extracting Company Profits tool

    26 February 2018

    Prudential’s suite of tools and calculators can help generate discussions with clients. One of the most popular one just now is the Extracting Company Profits tool. This tool helps you discuss the different options clients have for extracting profits from their business. You can input a client’s current remuneration structure and highlight how adjusting...

  • Technical: Winter Warmers including DOTAS regulation

    19 February 2018

    To warm you up (technically speaking) for the year ahead, here are a few items of current interest that caught the eye in recent weeks. DOTAS regulations This is quite technical, but important! The DOTAS regulations (DOTAS is an acronym for ‘Disclosure of Tax Avoidance Schemes’) were introduced way back in 2004 to provide...

  • Pensions Tax Relief – A reliable source of free money

    12 February 2018

    Winning the lottery has its appeal, who wouldn’t like turning the cost of the ticket into a fortune? Pensions tax relief in essence gives you free money (albeit with a lesser return than a lottery win). To keep the gambling analogy going, if there was a fruit machine that would pay you out net...

  • Planning Matters 2018 – delivering your client’s income needs

    8 January 2018

    Prudential are running 22 seminars across the UK between 24 January and 22 March 2018. Prudential will focus on pensions, investments and income. The seminars will cover: • Regulatory requirements for pension transfers • What lies beyond bonds, equities and real estate for multi-asset funds • The impact on portfolios of different Brexit scenarios...