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The following Pensions news provides comprehensive and up to date legal information on Measures to unlock £160bn pension surpluses to be in future Pension Schemes Bill
The following Pensions news provides comprehensive and up to date legal information on Five companies hold half of £40bn FTSE100 pension surplus
The following Pensions news provides comprehensive and up to date legal information on Pensions weekly highlights—22 May 2025
Qualifying Recognised Overseas Pension Schemes (QROPS)Why use a QROPS?In practice, many Qualifying Recognised Overseas Pension Schemes (QROPSs) are...
Self-invested personal pensions (SIPPs)When personal pensions were first introduced in April 1988, they could only be established by authorised...
Retirement Annuity Contracts (RAC)—older types of personal pension schemesFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase...
Pension commencement lump sums (PCLSs)When a member of a pension scheme becomes entitled to receive their scheme benefits, they can usually take part...
The tax treatment of additional voluntary contributionsFORTHCOMING DEVELOPMENT: Further to the Spring Budget of 15 March 2023, the Finance (No.2) Act 2023 removed the lifetime allowance charge with effect from 6 April 2023, pending the abolition of the lifetime allowance regime through the Finance
EU withholding tax reclaims for UK-resident pension fundsThere is a common misconception that pension funds do not pay tax. In reality, for many pension funds, tax on investments can be significant, in particular withholding taxes incurred on dividends paid on shares. However, there can be
Unauthorised payments—tax charges and reporting requirementsThere are no limits on the benefits that may be provided by a registered pension scheme. However, under the Finance Act 2004 (FA 2004) if a scheme makes an unauthorised payment:•tax charges will generally arise on both the recipient and the
Can an individual who is a member of a UK registered pension scheme but who was not a UK tax resident for a year carry forward their unused annual allowance from that tax year to the next?Since A-day, membership of a UK registered pension scheme is open to anyone regardless of where they are
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