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The following Pensions news provides comprehensive and up to date legal information on Third of DC pension savers have under £10k in pension pots, FCA finds
The following Pensions news provides comprehensive and up to date legal information on Government warned over mandating UK pension funds investment
The following Pensions news provides comprehensive and up to date legal information on Government consults on local government pension fixes to tackle discrimination
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
Fixed protection 2014 (FP 2014)FORTHCOMING 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 Bill 2024 with effect
VAT and pension scheme costsSTOP PRESS—Impact of the Retained EU Law (Revocation and Reform) Act 2023: This document contains references to retained EU law (REUL) and associated terms introduced by the European Union (Withdrawal) Act 2018 in connection with Brexit. From 1 January 2024, REUL that
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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