Taxation

Taxation guidance:

Contributed by Chris Coulston and Harry Stead, Deloitte LLP The funding of defined benefit pension schemes and the volatility and risk associated with these schemes has...

Practice Note

Authorised payments v unauthorised payments A pension scheme that has registered with HM Revenue & Customs (HMRC) benefits from favourable UK tax treatment. Broadly, this...

Practice Note

THIS PRACTICE NOTE APPLIES TO UK REGISTERED PENSION SCHEMES What is a benefit crystallisation event? Under the UK’s registered pension scheme regime (for more information...

Practice Note

What is disguised remuneration? HMRC has, for many years, sought to ensure that the rewards gained from employment are properly subject to income tax and National...

Practice Note

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMES The lifetime allowance While there is no limit on the total amount of authorised benefits a registered pension...

Practice Note

There 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...

Practice Note

At a very high level, certain provisions of the US Internal Revenue Code of 1986, as amended (the Code), commonly known as FATCA, seek to encourage foreign (ie non-US)...

Practice Note

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMES The lifetime allowance While there is no limit on the total amount of authorised benefits a registered pension...

Practice Note

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMES The lifetime allowance While there is no limit on the total amount of authorised benefits a registered pension...

Practice Note

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMES The lifetime allowance While there is no limit on the total amount of authorised benefits a registered pension...

Practice Note

Through the Finance Act 2014, the government introduced two lifetime allowance protection regimes to accompany the reduction in the lifetime allowance from £1.5m to...

Practice Note

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMES The lifetime allowance While there is no limit on the total amount of authorised benefits a registered pension...

Practice Note

This Practice Note summarises the characteristics of the different forms of lifetime allowance (LTA) protections. For detailed information on each of the LTA protections...

Practice Note

This Practice Note focuses on the different forms of tax relief (whether income tax relief, national insurance contribution relief or corporate tax relief) available in...

Practice Note

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law. A-Day The registered pension scheme...

Practice Note

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMES The lifetime allowance While there is no limit on the total amount of authorised benefits a registered pension...

Practice Note