May 2019


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  • Thoughts on tax, OEICs and Unit Trusts

    5 August 2018

    Prudential’s Helen O’Hagan looks at the tax situation of collective investment schemes Open Ended Investment Companies (OEICs) and unit trusts. Collective investment schemes are a form of investment fund that enables a number of investors to ‘pool’ their assets and invest in a professionally managed portfolio of investments, typically gilts, bonds, equities and perhaps property....

  • Are your clients eligible for their free TV licence, but still saving into a pension?

    25 July 2018

    What are the rules for paying pension contributions after age 75? Jacqueline Clezy, Prudential technical manager, says if you haven’t a Scooby Doo how to answer, she is happy to help solve the Mystery Machine of pensions law on this subject.  Not too long ago, when you reached age 75 any unused pension funds had to be...

  • Why the OTS Business Lifecycle Report raises concerns around Entrepreneurs’ Relief

    18 July 2018

    The Office of Tax Simplifications is very busy these days, says Prudential’s Graeme Robb. Learn about its recent Business Lifecycle Report and why the OTS has concerns about Entrepreneurs’ Relief. Last month, Liz Hardie explored the consultation issued by the Office of Tax Simplification (OTS) regarding potential simplification of the inheritance tax (IHT) regime. That...

  • Prudential estate and fees planning webinars – 24 July 2018

    11 July 2018

    Prudential is hosting two webinars on 24 July 2018 which will appeal to paraplanners. Collaboration and Estate Planning 24 July 2018 This webinar, hosted by Graeme Robb, senior technical manager, Prudential will feature two guest speakers:, John Gaskell, head of Personal Financial Planning, ICAEW, and Eric Clapton (vice chair of ICAEW Personal Financial Planning...

  • Technical: Loan Trusts Q&A

    8 July 2018

    Angela Hyslop, technical specialist Prudential, provides insight into use of loan trusts through this quickfire Q&A. Q1. Are the monies in a loan trust held in separate pots for the settlor and beneficiary by the life company? A1:As a bond is the asset under our loan trust the monies are not put into separate...

  • Technical: 9 reasons to use bonds in financial planning

    26 June 2018

    Helen O’Hagan, technical manager Prudential, looks at why clients might choose a bond as part of their investment portfolio and strategy. Bonds are subject to a unique regime called the chargeable event regime under ITTOIA 2005 (income tax (trading and other income) Act 2005). Chargeable events are triggered by the following events – •...

  • Uncovering the Child Benefit Tax Trap

    13 June 2018

    Why the trials and tribulations of parenthood now include the High Income Child Benefit Charge, aka the Child Benefit Tax Trap, says Prudential senior technical manager Mark Devlin Parenthood does come with plenty of emotional pros and cons. There are plenty of sleepless nights and worry. But these can be offset by ‘emotional rewards’,...

  • Q&A: Small pots and triviality

    5 June 2018

    Prudential technical manager Jacqueline Clezy provides insight into small pot lump sum payments through this quickfire Q&A. Q1: What is a small pot (technically known as a small lump sum) payment and do all pension schemes offer this option? A1: Finance Act 2004, ie the legislation which applies to registered pension schemes, authorises specific types...