Gain a thorough understanding of the varied landscape of private sector pensions. This resource provides crucial information on the different pension schemes accessible to private sector employees. Acquire knowledge to advise clients on defined benefit plans, defined contribution schemes, hybrid models, and other options. Keep current with recent regulatory changes and best practices to enhance your expertise.
The following Pensions news provides comprehensive and up to date legal information on Government consults on local government pension fixes to tackle discrimination
The following Pensions news provides comprehensive and up to date legal information on Government urged to reform scam rules amid widespread pension transfer delays
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...
Sectionalised pension schemesTHIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMESWhat is a 'sectionalised' pension scheme?A pension scheme can be structured in a number of ways. For example, it may:•have more than one participating employer and provide for
Retirement schemes for executives—UURBS, FURBS and EFRBSFORTHCOMING 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
Defined ambition pension schemes under the Pension Schemes Act 2015 [Archived]ARCHIVED: This archived Practice Note provides information on the legal framework which had previously been put in place under the Pension Schemes Act 2015 to enable the creation of defined ambition schemes such as
Disguised remuneration and pensionsFORTHCOMING 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
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