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Latest Pensions News

Pension introducer companies avoid winding up orders after steelworkers advice scandal

The following Pensions news provides comprehensive and up to date legal information on Pension introducer companies avoid winding up orders after steelworkers advice scandal

Britvic fights for flexibility to determine pension increase rate in Court of Appeal

The following Pensions news provides comprehensive and up to date legal information on Britvic fights for flexibility to determine pension increase rate in Court of Appeal

Pensions weekly highlights—13 May 2021

The following Pensions news provides comprehensive and up to date legal information on Pensions weekly highlights—13 May 2021

City urges government to stop scams with Online Safety Bill

The following Corporate Crime news provides comprehensive and up to date legal information on City urges government to stop scams with Online Safety Bill

Featured Pensions content

The employment contract—sample pensions clauses

The following pension clauses set out the pensions information to be included in an employment contract, depending on the type of...

Anti-franking

The conceptIt used to be the case that contracted-out salary-related (COSR) schemes could revalue a deferred member's guaranteed minimum pension (GMP)...

Month definition

Month means a calendar month; Close This is a suggested definition for the term 'month', which...

Deed of substitution

Date: [insert date](1)[Name of Former Principal Employer](2)[Names of Trustees](3)[Name of the New Principal Employer]Deed of Substitution of...

Practice notes

Calculating pension loss in employment tribunal claims

Pension loss will generally only arise in cases where an individual has lost their job and the pension provision that went with that job. An...

Produced in partnership with Keith Bryant QC of Outer Temple Chambers. 12th Jan

Practice notes

Personal pension schemes—disclosure requirements before 6 April 2014 [Archived]

THIS PRACTICE NOTE APPLIES TO PERSONAL PENSION SCHEMES This Practice Note looks at the disclosure requirements that were applicable to trustees (or...

9th Nov

Practice notes

How to deal with a section 75 debt—an introduction

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESThis Practice Note looks at the alternative methods available to...

9th Nov

Precedents

Execution clause—company—deed

Option 1—deed executed by a company under its common seal (model articles, where the authorised signatory is an...

9th Nov

In-house

Practice notes

How to deal with Beckmann liabilities on a business sale

THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESThis Practice Note applies to business sales which are subject to the Transfer...

Produced in partnership with Ginevra Gatrell of gunnercooke LLP 12th Jan

Practice notes

Beddoe applications

When trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe application is the best...

Produced in partnership with Kate Davenport QC of Outer Temple Chambers and Adele Isaacs of Bankside Chambers 12th Jan

Practice notes

Bridging pensions

Bridging pensions—backgroundBridging pensions are a form of pension provided by some (but not all) defined benefit occupational pension schemes in...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Practice notes

Introduction to retained EU law

This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...

9th Nov

Brexit

Practice notes

Pension bulk transfers—beginners’ guide

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law.THIS PRACTICE NOTE...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Practice notes

The Electricity Supply Pension Scheme

The Electricity Supply Pension Scheme (‘ESPS’) is a trust-based scheme established by the Electricity Council by a resolution dated 20 January 1983 as...

Produced in partnership with Gary Delderfield of Eversheds Sutherland 12th Jan

Practice notes

Pension attachment orders

The power to make pension attachment orders (previously referred to as earmarking orders) arises from the insertion of sections 25B–25D of the...

Produced in partnership with Rebecca Dziobon of Penningtons Manches Cooper 12th Jan

Practice notes

What does ‘contracting-out’ mean for pension lawyers?

Interaction with the additional State pensionBefore 6 April 2016, there were two levels of State pension provision:•the basic State pension—this was a...

9th Nov

Practice notes

The pre A-day pensions tax regime

The pensions tax regime under the Finance Act 2004 came into effect on 6 April 2006, otherwise known as A-day. The pre A-day regime may still be of...

Produced in partnership with Mark Smith, Georgina Wardrop and Angela Sharma of Taylor Wessing LLP 12th Jan

Practice notes

Auto-enrolment—the transitional period for DB and hybrid schemes [Archived]

ARCHIVED. This Practice Note has been archived and is not maintained.As well as the option to postpone auto-enrolment, employers which operate defined...

9th Nov

Practice notes

Retirement schemes for executives—UURBS, FURBS and EFRBS

Just as executives tend to enjoy better salary packages than the ordinary workforce, so is it often the case that they receive better pension...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Practice notes

Retirement Annuity Contracts (RAC)—older types of personal pension schemes

Personal pension schemes—central role in private pensions sectorPersonal pension schemes, in their various forms, play a central and important role in...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Most recent Taxation content

Q&As

Is relief from stamp duty land tax available to beneficiaries of a private pension scheme who buy a property from their own pension scheme?

Is relief from stamp duty land tax available to beneficiaries of a private pension scheme who buy a property from their own pension scheme?There is no...

13th May

Practice notes

Enhanced protection

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMESThe lifetime allowanceWhile there is no limit on the total amount of authorised benefits a...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 5th May

Practice notes

Fixed protection 2012 (FP 2012)

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMESThe lifetime allowanceWhile there is no limit on the total amount of authorised benefits a...

9th Apr

Practice notes

Using Scheme Pays to pay the annual allowance charge

THIS PRACTICE NOTE APPLIES ONLY TO PENSION SCHEMES IN ENGLAND AND WALESScheme Pays, introduced by Schedule 17 to the Finance Act 2011 (FA 2011) allows...

Produced in partnership with Herbert Smith Freehills and Naveed Soomro of Squire Patton Boggs 9th Apr

Practice notes

Individual Protection 2014 (IP 2014)

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

9th Apr

Practice notes

Unauthorised payments—tax charges and reporting requirements

There 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...

Produced in partnership with Mark Smith and Georgina Wardrop of Taylor Wessing LLP and Martin Scott of gunnercooke LLP 9th Apr

Practice notes

Fixed protection 2016 (FP 2016)

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMESThe lifetime allowanceWhile there is no limit on the total amount of authorised benefits a...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

Primary protection

THIS PRACTICE NOTE RELATES TO REGISTERED PENSION SCHEMESThe lifetime allowanceWhile there is no limit on the total amount of authorised benefits a...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

Tax treatment of pension overpayments

Pension schemes sometimes make payments to members that are not in accordance with scheme rules or that may breach other tax or legal regulations. As...

9th Apr

Practice notes

Registration of pension schemes

Benefits of registrationRegistration provides advantageous tax reliefs and exemptions for a pension scheme and its members, including the...

9th Apr

Practice notes

Lifetime allowance protections—quick guide

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

Produced in partnership with Danny Tsang of Simmons & Simmons 9th Apr

Practice notes

Asset-backed contributions—tax treatment

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

9th Apr

Practice notes

Disguised remuneration and pensions

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

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

The Lifetime ISA

Factors which led to the creation of the Lifetime ISASuccessive UK governments have long proclaimed the importance of encouraging long-term savings...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

The tax treatment of additional voluntary contributions

THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESBackground: what are additional voluntary contributions, and why distinguish...

Produced in partnership with Charles Russell Speechlys LLP 9th Apr

Practice notes

The Finance Act 2011 for pension lawyers

The Finance Act 2011 (FA 2011) received Royal Assent on 27 July 2011. FA 2011 enacted proposals (aimed at raising revenue) that were proposed by HM...

Produced in partnership with Herbert Smith Freehills and Naveed Soomro of Squire Patton Boggs 9th Apr

Practice notes

Tax treatment of section 75 debts

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESWhat is a section 75 debt?Sections 75 and 75A of the Pensions...

Produced in partnership with Patrick Ford of Squire Patton Boggs 9th Apr

Practice notes

Authorised and unauthorised payments

Authorised payments v unauthorised paymentsA pension scheme that has registered with HM Revenue & Customs (HMRC) benefits from favourable UK tax...

Produced in partnership with Mark Smith and Georgina Wardrop of Taylor Wessing LLP 9th Apr

Practice notes

Member and employer pension contributions—tax relief

FORTHCOMING DEVELOPMENT: As promised in the Spring Budget 2020 (held on 11 March 2020), on 21 July 2020 HM Treasury launched a call for evidence...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

The pre A-day pensions tax regime

The pensions tax regime under the Finance Act 2004 came into effect on 6 April 2006, otherwise known as A-day. The pre A-day regime may still be of...

Produced in partnership with Mark Smith, Georgina Wardrop and Angela Sharma of Taylor Wessing LLP 9th Apr

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Taxation

View Pensions by content type:

Latest Pensions News

Pension introducer companies avoid winding up orders after steelworkers advice scandal

Britvic fights for flexibility to determine pension increase rate in Court of Appeal

Pensions weekly highlights—13 May 2021

City urges government to stop scams with Online Safety Bill

Featured Pensions content

The employment contract—sample pensions clauses

Anti-franking

Month definition

Deed of substitution

Most recent Taxation content

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Transferred malice

Wounding or causing grievous bodily harm with intent

The Money Laundering Reporting Officer (MLRO)—duties

The equity of redemption

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