Understanding the nuances of ill-health and death benefits is crucial for legal professionals in the pensions sector. Providing a critical overview of ill-health benefits, this topic dives into the legal intricacies surrounding eligibility criteria, tax implications, and procedural obligations. Legal teams must adeptly navigate these areas to ensure clients receive the appropriate entitlements and protections.
On 11 May 2026, HMRC published a new Technical note: inheritence tax on pensions....
The full text of the Pension Schemes Act 2026 (PSA 2026) as passed by Parliament was published on legislation.gov.uk on Friday 8 May 2026, the Act...
The Pensions Regulator (TPR) has launched a consultation on a draft version of its refreshed corporate strategy for 2026 to 2031, setting out a more...
The House of Lords Library has published a research briefing which explores what announcements the government could make in the King’s Speech on 13...
Self-invested personal pensions (SIPPs)When personal pensions were first introduced in April 1988, they could only be established by authorised...
Small self-administered schemes (SSASs)What is a SSAS?Small self-administered schemes (SSASs) are usually registered pension schemes that are set up...
Section 32 buy-out policiesWhat is a section 32 buy-out policy?A term which may be often heard within the pensions arena is that of the ‘section 32...
The pre A-day pensions tax regimeThe pensions tax regime under the Finance Act 2004 came into effect on 6 April 2006, otherwise known as A-day. The...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
0330 161 1234