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Latest - TAX AND TRUSTS

  • Children as beneficiaries of pension death benefits

    5 April 2021

    Why are the rules and the planning opportunities when designating children as beneficiaries of death benefits of a pension? Jessica List, pension technical manager, Curtis Banks looks at what’s needed to get the best solution for the individual circumstances. As I was trying to find a sentence to start this article about having children as...

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  • Lifetime allowance charges on death benefits – case study

    29 March 2021

    Jessica List, pension technical manager, Curtis Banks, presents a case study where an individual is inheriting the funds from her mother’s SIPP and how death benefits and the different chargeable rates may apply.  The Situation Alison’s mother, Tina, recently passed away at age 73. Alison is acting as her mother’s personal representative and has been liaising...

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  • MPAA affecting 1,000 savers per day

    29 March 2021

    More than 1,000 pension savers were captured by the Money Purchase Annual Allowance (MPAA) every working day last year, new analysis by JustGroup has revealed. According to the retirement specialist, 260,000 pension savers took their first taxable pension payment in 2020, bringing the total number of individuals affected by the MPAA to 1.6 million...

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  • BPR and real estate lending

    28 March 2021

    Harry Cloke, senior investment manager at Ingenious, on how paraplanners can offer tax efficient investment solutions to clients while also meeting their ESG criteria through lending to the real estate industry. When it comes to estate planning, Business Relief (BR) services are a popular choice for investors who would like to retain control of...

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  • Tax allowances down 11% in value over decade – and will fall further

    25 March 2021

    Tax allowances and thresholds have fallen by 11% over the past decade and are set to decrease further as the Chancellor looks to balance the books in the wake of the Covid-19 pandemic, so clients should ensure they use their allowances before they reset in April. Research by Quilter found that while the personal allowance...

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  • Advice firms urged to keep trust details as TRS delayed further

    25 March 2021

    WAY Investment Services has urged advisers to hold on to trust details as HM Revenue & Customs announced further IT delays to the upgrading of its Trust Registration Service. As part of the EU Fifth Anti-Money Laundering regulations that came into force in January 2020, the number of trusts needed to register with the...

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  • TDQ: TEST YOUR KNOWLEDGE: ANSWERS

    25 March 2021

    As part of our Training, Development and Qualifications (TDQ) series, Professional Paraplanner has teamed up with key training and exam support providers to help you to, amongst other things, revise for your qualifications. Below you will find also the cross-references for the 10 questions in this month’s TDQ: Test Your Knowledge, provided by Brand Financial...

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  • TEST YOUR KNOWLEDGE: QUESTIONS

    25 March 2021

    Professional Paraplanner’s TDQ (Training, Development and Qualifications) series, is run in conjunction with key support providers, such as Brand Financial Training, and aims to test your knowledge of the financial services market, as part of  your overall training goals and exam techniques. The following questions, which can also be found in our April 2021 issue, relate to examinable...

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