- Jan 29 2016Fixed Protection 2016In recent times, UK Governments have never failed to resist the temptation to modify the pensions tax regime - and this year is no exception! For the third time in four years, the Government is reducing the maximum pension accumulation (known as the Standard Lifetime Allowance “SLA”) that can be accumulated without tax for an individual – unless some “Protection” is in place...... Read moreGeneral News
- Jul 17 2015Summer BudgetGeorge Osborne in his 8th July 2015 Budget proposed radical changes to wealth and pensions taxation. These changes must be viewed in the context of the other dramatic taxation reforms, legislated in 2014, which permit full lifetime access to money purchase pension pots - plus the ability to leave pension savings, either tax free on death before age 75 - or subject to margina...... Read moreGeneral News
- Dec 19 2014Taxation of Pensions ActFurther to our recent email following the Chancellor's Autumn Statement, we wish to advise you that the Taxation of Pensions Bill received Royal Assent on 17 December 2014 and is now an Act of Parliament. The full text of the Act was published on the 19 December 2014 and the principal provisions will take effect from 6 April 2015.General News
- Dec 08 2014"A brave new world" - Pensions after The Chancellor's Autumn StatementThis Statement confirmed radical changes to the pension tax regime. Some of these appear to be subject to all Party agreement - but others remain controversial. The result is that pension schemes are reinforced as the most flexible and tax efficient savings "cupboard" for an individual and for those who benefit on his/her death.General News
- Mar 20 2014Budget 2014 - Freedom & Choice in Pensions - At a Tax Cost!In yesterday's Budget the Chancellor announced - as they do - further changes and proposals to change the basis of taxation of pension schemes. Some changes will take effect from 27th March 2014 while other proposals are subject to a consultation process. The Government hopes to enact and effect the other proposals in 2015.General News
