November 2017
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Latest Development - Tech Zone - In Association with Prudential

  • Monitoring your managers and the importance of mandates

    24 September 2017

    The Prudential Portfolio Management Group (PPMG) Manager Oversight team has created a rigorous set of procedures to underpin the ongoing monitoring and management of the various underlying investments within the PruFund proposition. Adrian Gaspar, Multi-asset Investment Specialist explains Prudential’s approach. The primary role of the team is to ensure the continued suitability of underlying...

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  • What limit applies to employer pension contributions?

    20 September 2017

    We are frequently asked “what is the maximum employer pension contribution that can be paid?”. Technically there is no limit, however, there are two areas to consider; tax relief and annual allowance. Tax relief As detailed in our article, ‘tax relief on employer contributions’, an employer pension contribution will receive tax relief based on...

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  • HMRC find success “in the round” – BPR Case Study

    14 September 2017

    In this article we explore a recent first tier tax tribunal case which focused on whether or not a furnished holiday letting business qualified for 100% Business Property Relief (BPR) for inheritance tax (IHT) purposes. http://financeandtax.decisions.tribunals.gov.uk/ Key points Business interests are potentially eligible for 100% BPR Shareholders in private companies, sole traders and partners...

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  • The “WHAT” of trusts – Probate Trust

    12 September 2017

    This is the last article in our trust series where we make the trust journey simple and less complex. Over the last few months we have explored gift trusts, loan trusts, discounted gift trusts and excluded property trusts. Now we are going to look at probate trusts and cover- W – why use a...

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  • Summer Snippets

    6 September 2017

    Graeme Robb, Senior Technical Manager at Prudential considers current items of interest. Key points There will be a summer Finance Bill 2017 Draft guidance has been prepared regarding ‘wholly disproportionate’ bond gains The online trust register has been launched IHT receipts crash through the £5bn level HMRC manuals now contain guidance on the Residence...

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  • The ‘What’ of Trusts – Excluded Property Trust

    30 August 2017

    This is the fourth article in our trust series where we make the trust journey less complex. Last month, Helen O’Hagan, Technical Manager at Prudential covered Discounted Gift Trusts (DGTs) and this time she writes about excluded property trusts. W – why use an excluded property trust H – how to use an excluded...

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  • FCA CONSULTATION PAPER 17/16: ADVISING ON PENSION TRANSFERS

    15 August 2017

    On 21 June 2017 the FCA published CP17/16: “Advising on Pension Transfers“. The paper is open for online responses by 21 September 2017. Mark Devlin, Technical Manager (Pensions) at Prudential discusses the main headline-grabbing matters. Access the full document here. Scrapping the starting position that DB transfers are unsuitable While this may initially appear...

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  • WHAT IS THE ANNUAL ALLOWANCE LIMIT IN A TAX YEAR WHERE BOTH A TAPERED ANNUAL ALLOWANCE AND THE MONEY PURCHASE ANNUAL ALLOWANCE APPLY?

    7 August 2017

    In this piece, Jacqueline Clezy, Technical Specialist at Prudential looks at the interaction of these rules. First, you may want to refresh your understanding of the tapered annual allowance and money purchase annual allowance rules. The tapered annual allowance replaces the standard annual allowance for all pension savings in the tax year in which...

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