WEBINAR

Upcoming: Delivering better client outcomes with the same pot of money?

On this webinar, Les Cameron, Head of Technical takes a look at your client’s existing savings and investments and asks… Can they work harder? Are they still in the right tax wrapper? Is their money still working the best for their needs? Les will take a quick look at the taxation of the main tax wrappers and work through some case studies showing how you could improve customers outcomes working only with their existing funds.

ARTICLE by The Technical Team

The Technical Team

Interaction of tax relief and annual allowance

Tax relief rules and annual allowance rules work separately. Both sets of rules must be correctly considered to ensure pension savings are tax efficient.

WEBINAR

CPD Quiz Webinar event page

Our helpline gets asked hundreds of questions every week testing our knowledge. Our monthly CPD quizzes give us the chance to test yours.

VIDEO

Quarterly Multi-Asset Investment Update | August 2018

Barry Widdows, Head of Multi-Asset Portfolio Management, discusses the latest movements in markets, the impact of rising rates on property, pressure on sterling and moving into the Asian properties sector.

The Technical Team

Divorce Case Study

A practical example of what you should consider when a client is going through a divorce.

ARTICLE by The Technical Team

The Technical Team

Inheritance tax and pensions

See the situations where inheritance tax may apply in relation to pensions.

UK Tax & Allowance

Information on UK tax and allowance for the years 2017/18 and 2018/19

WEBINAR

CPD Quiz Webinar – Taxation of trusts

On this webinar, through a series of testing questions, Helen demonstrated how different types of investments are taxed within trusts covering income tax, capital gains tax and inheritance tax. She also looked at the tax on the different types of trusts commonly used today.

WEBINAR

Quarterly market update from Prudential

On this webinar, Parit Jakhria from Prudential Portfolio Management Group provided an update on how markets have performed so far in 2018, any current themes and how this is influencing portfolio positioning.

WEBINAR

How cohesive is policy?

On this webinar, Peter covered off current Government policy developments and changes as well as the reasons, backgrounds and the industry position.

Planning for +£50,000 tax-free annually

Nobody likes paying tax, but luckily our tax system offers legitimate opportunities to diminish tax payments. Clients can enjoy a substantial level of tax-free income by taking advantage of the various allowances within the tax system…and it’s not that technical.

ARTICLE by The Technical Team

The Technical Team

Protected early pension age

Information on protected early pension age and the three categories of members with the right to take benefits before the minimum pension age, along with the conditions affecting them.

WEBINAR

Regulatory reality check

On this webinar, we had guest speaker Mike Barrett (Consulting Director) at Lang Cat. He looked at the key implications of Investment Platforms Market study interim report for financial intermediaries, the new costs and charges reports which will be issued by platform providers in the coming months and consider how to prepare clients. He also covered the long term administrative and cost impacts of MiFID II and some possible solutions, what MiFID II means for model portfolios and dealing with DFMs. And finally what the changes to the FCAs rules in PROD mean for financial intermediaries and the common mistakes to avoid.

VIDEO

Prudential Market Insights | August 2018

Phil Butler, Multi-Asset Portfolio Manager, PPMG, discusses the BoE rate rise, trade tensions and market stability, changes in views on Brexit and finally explains how the portfolio is currently positioned.

ARTICLE by The Technical Team

The Technical Team

Tax relief on member contributions

Learn how tax relief for a member operates including eligibility, methods of claiming tax relief and case studies.

VIDEO

Multi-Asset Investment Update | August 2018

What are the main factors that are driving asset allocation in the long-term? Can the ever-changing global economy highlight new markets for investors? Parit Jakhria, Head of Long Term Investment Strategy for PPMG, discusses these questions, plus the impact that technology can have for investors working within asset allocations.

ARTICLE by The Technical Team

The Technical Team

Death benefits from defined contribution schemes

Learn about the different types of death benefit, including those from defined contribution schemes, and the way they’re taxed.

WEBINAR

CPD Quiz Webinar - Pension Death Benefits

On this webinar, through a series of testing questions, Jacqueline Clezy looked at flexible death benefit options, scheme discretion and expressions of wish/nominations. She covered lifetime allowance tax and finally using trusts.

ARTICLE by Nick Hunt

Nick Hunt

FCA Retirement Outcomes Review and CP18/17

The FCA’s aim, through its two year review, was to assess the outcomes of the pension freedoms introduced in 2015 and propose fixes for emerging issues – all of which advisers and providers need to consider carefully.

ARTICLE by The Technical Team

The Technical Team

Excluded Property Trusts

Learn about the role Excluded Property Trusts play in inheritance tax planning.

ARTICLE by The Technical Team

The Technical Team

Probate Trust

Learn about the role Probate Trusts play to ease the process on death of an insurance bond applicant.

ARTICLE by The Technical Team

The Technical Team

Personal Injury Trust

A personal injury trust is the name given to trusts which are usually set up by solicitors from payments as a result of an accident, injury or malpractice.

WEBINAR

Brexit - ongoing negotiations and implications for financial services

On this webinar, Tim Fassam, Head of Public Affairs at Prudential discussed the latest insights from the UK political and policy environment and ongoing Brexit negotiations. He also covered recent political events and the formal process for the UK to leave the EU.

The Technical Team

Clubs, societies and charities – problems investing in insurance bonds

Understand why investing in insurance bonds is problematic for unincorporated associations and charities.

WEBINAR

CPD Quiz Webinar - Lifetime Allowance

On this webinar, through a series of testing questions, Jacqueline Clezy looked at the operation of the lifetime allowance, benefit crystallisation and lifetime allowance protections

ARTICLE by The Technical Team

The Technical Team

Pension transfers and conversions, including DB to DC transfers

We explore the advantages and disadvantages of transferring a DB scheme to a DC type scheme and the assessment process, including Transfer Value Analysis Systems (TVAs).

VIDEO

Prudential Market Insights | July 2018

Phil Butler, Multi Asset Portfolio Manager, discusses the social impact of US trade sanctions and Italian politics, the repercussions of the US-initiated trade tariffs, and how the portfolios reflect these views.

ARTICLE by The Technical Team

The Technical Team

Gifting (using trusts) and Inheritance Tax

Learn about Potentially Exempt Transfers (PETs) and Chargeable Lifetime Transfers (CLTs), how they differ, their interaction with each other and their impact on Inheritance Tax.

WEBINAR

Collaboration and Estate Planning

On the webinar, we had guest speakers, John Gaskell (ICAEW) and Eric Clapton (Vice Chair of ICAEW Personal Financial Planning advisory group). Through a case study and Q&A session, we explored the importance of collaboration when estate planning.

WEBINAR

University Fees Planning

On the webinar, we used a case study to explore planning for university funding, including what trusts can be used and how they’re taxed.

ARTICLE by Liz Hardie

Liz Hardie

Important Information about Trusts

Everything you always wanted to know about trusts but were afraid to ask! This document shares the answers to common questions about existing trusts.

ARTICLE by The Technical Team

The Technical Team

Family investment companies

Information on family investment companies, including how using a family investment company is an inheritance tax (IHT) strategy for individuals with large estates subject to IHT.

ARTICLE by Helen O' Hagan

Helen O' Hagan

Loan Trusts for Inheritance Tax Planning

A loan trust is a way of setting up a trust for inheritance tax (IHT) planning whilst allowing the settlor (the individual who sets up the trust) access to the original capital.

ARTICLE by Graeme Robb

Graeme Robb

Here we go, here we go, here we go again

In May, Liz Hardie explored the consultation issued by the Office of Tax Simplification (OTS) regarding potential simplification of the inheritance tax (IHT) regime. That consultation has now closed and we will need to wait until Autumn when the OTS publishes its Report.

ARTICLE by Mark Devlin

Mark Devlin

What do Michael J, Arnold and Cher have in common?

As a sci-fi geek and former Physics student, the concept of time travel often intrigues me. This also explains the title of the article, as all three have had links to time travel, or in Cher’s case she wished she could.

ARTICLE by Jacqueline Clezy

Jacqueline Clezy

Can’t pay? We’ll take your pension away!

Your client has an annual allowance excess which means they’ve a tax charge to pay. You’ve heard a pension scheme will pay this charge from a member’s benefits using ‘Scheme Pays’.

WEBINAR

CPD Quiz Webinar – Income Tax

On this webinar, through a series of testing questions, Liz Hardie looked at the different types of income, the order in which they are taxed and how they interact with each other for individuals.

ARTICLE by The Technical Team

The Technical Team

Gift Trust

Learn about the role insurance company gift trusts play in inheritance tax planning.

ARTICLE by The Technical Team

The Technical Team

Discretionary trust taxation

A discretionary trust is one where the trustees can accumulate income or pay it at their discretion. Normally the trustees can choose from a wide class of beneficiaries to whom they can distribute the trust funds.

VIDEO

Multi-Asset Investment Update | June 2018

Andrew Fear, Business Development Manager Investments, Prudential, discusses his analysis process behind multi-asset managers, the role alternatives have, managing collective range, making asset allocation decisions and what key resources are needed for portfolio management.

VIDEO

Prudential Market Insights | June 2018

Phil Butler, Multi Asset Portfolio manager, PPMG, discusses recent market key themes, reactions to political news in Italy, his thoughts on US trade tariffs and whether these have changed the portfolio.

ARTICLE by Moira Warner

Moira Warner

Oracle Guide to calculating Public Service Pension Input amounts

The question we get asked most frequently about public service pension schemes is how to calculate pension input.

ARTICLE by Helen O' Hagan

Helen O' Hagan

Thoughts about OEICs and Unit Trusts

Open ended investment companies (OEICs) and unit trusts are collective investment schemes – a form of investment fund that enables a number of investors to 'pool' their assets and invest in a professionally managed portfolio of investments, typically gilts, bonds, equities and perhaps property.

ARTICLE by Jacqueline Clezy

Jacqueline Clezy

Are your clients eligible for their free TV licence, but still saving into pension?

We are frequently asked about the rules for paying pension contributions after age 75. If you haven’t a Scooby, I’m happy to help solve the mystery machine of pensions law about this.

ARTICLE by Graeme Robb

Graeme Robb

A matter of life and death

The Office of Tax Simplifications is very busy these days. Learn about its recent Business Lifecycle Report and why it has concerns about Entrepreneurs’ Relief

WEBINAR

Majoring on the macro - M&G and Prudential webinar

On this webinar M&G gave an economic update covering the latest key global macro-economic events, views, opportunities and challenges. Prudential covered making the most of allowances, exemptions and tax wrappers.

VIDEO

Introduction to marriage

Watch our short video on having conversations with your clients if they are getting married/remarried.

VIDEO

Divorce matters

Watch this short video which discusses pensions and divorce.

VIDEO

Introduction to leaving a legacy

Watch our short video on having conversations with your clients if they are looking at leaving a legacy.

VIDEO

Introduction to retiring

Watch our short video on having conversations with your clients if they are looking at retiring.

VIDEO

Introduction to intergenerational planning

Watch our short video on having conversations with your clients if they are looking at intergenerational planning.

VIDEO

Introduction to receiving a windfall

Watch our short video on having conversations with your clients if they are receiving a windfall.

VIDEO

Introduction to divorce

Watch our short video on having conversations with your clients if they are going through divorce.

ARTICLE by The Technical Team

The Technical Team

Trustee Duties and Responsibilities: the facts

Learn the duties and responsibilities of trustees

ARTICLE by The Technical Team

The Technical Team

Loan trusts: the facts

Loan trusts are designed for individuals who wish to undertake IHT planning but are unwilling to make outright gifts.

ARTICLE by The Technical Team

The Technical Team

What is a pension annuity?

A guide to pension annuities: the essential facts and issues to consider.

WEBINAR

Quarterly market update from Prudential

On this webinar, Barry Widdows and Parit Jakhria, both from Prudential Portfolio Management Group (PPMG), provided an update on how markets have performed so far in 2018, any current themes and how this is influencing portfolio positioning.

VIDEO

Prudential Market Insights | May 2018

Phil Butler, Multi Asset Portfolio Manager, PPMG, gives an update on Prudential Market Insights and discusses market recovery from volatility in the first quarter of 2018, data releases supporting valuations, and how portfolios are currently positioned.

Nick Hunt

Consider your data security

You’ll need to take a risk based approach when considering the appropriate level of security for the personal data you process, including its use, storage and transfer.

Nick Hunt

Data Policy and Notices

You’ll need to review your policy around managing customer’s personal data and communicate how you handle privacy information by way of a Notice. Find out what to include.

Nick Hunt

GDPR Glossary

Do you know the difference between data controllers and data processors? Do you know why a Data Protection Officer has a unique role within a firm?

Nick Hunt

Reduce your risk of cybercrime

Basic human error may open the door to cybercrime, what simple mistakes could be avoided.

Nick Hunt

GDPR Checklist

Use our checklist top ensure your business is GDPR compliant.

VIDEO

Multi-Asset Investment Update | May 2018

Barry Widdows, Head of Multi-Asset Portfolio Management, discusses how 2018 has been so far for multi-asset investors, the Bank of England's rate decision, US earnings season, and the significant opportunity in US infrastructure.

Nick Hunt

What legal grounds do you have?

What are the lawful reasons for holding personal data?

Nick Hunt

What are your client’s rights?

Understanding the rights of data subjects is fundamental to GDPR compliance.

Nick Hunt

What have you got to lose?

GDPR gives the ICO and other regulators, greater powers to take action quickly and forcefully on non-compliance. Depending on what’s gone wrong, you and your business could face a number of challenges.

Nick Hunt

What to do if you have a breach?

If a breach happens, what do you need to report?

VIDEO

Online functionality of the retirement account

Watch our video on the online functionality of the retirement account.

Upcoming: Bonds benefits and Assignment

On this webinar George Pullar, Business Development Manager will start by looking at the key benefits of investing in investment bonds, with a focus on education funding and IHT planning. Following on from George, Liz Hardie, Technical Specialist will take an in-depth look at Assignment through use of a case study.

WEBINAR

Cascading wealth – opportunities to explore

On this webinar, Stan Russell, Senior Business Development Manager began by looking at the IHT implications if a client makes a transfer and dies within two years. George Pullar, Business Development Manager, looked at some of the key challenges faced when moving in to decumulation and looking to support a sustainable income and the use of ISAs as part of the key strategy.

Upcoming: Cascading wealth – opportunities to explore

On this webinar, Stan Russell, Senior Business Development Manager will begin by looking at the IHT implications if a client makes a transfer and dies within two years. George Pullar, Business Development Manager will then go on to look at some of the key challenges faced when moving in to decumulation and looking to support a sustainable income and the use of ISAs as part of the key strategy

WEBINAR

Bond benefits and Assignment

On this webinar George Pullar, Business Development Manager started by looking at the key benefits of investing in investment bonds, with a focus on education funding and IHT planning. Following on from George, Liz Hardie, Technical Specialist took an in depth look at Assignment through the use of a case study.

ARTICLE by Helen O' Hagan

Helen O' Hagan

Thoughts about bonds

A bond us normally a single premium whole of life contract which offer many features and benefits. In my opinion here are some of the salient features of bonds.

ARTICLE by Angela Hyslop

Angela Hyslop

Loan Trust: Q&A

This month we cover questions related to loan trusts.

ARTICLE by Jacqueline Clezy

Jacqueline Clezy

Small pots and triviality: Q&A

This month we cover questions related to small pots and triviality.

ARTICLE by Moira Warner

Moira Warner

Death is not the end

If you’re an adviser with clients in the Public Sector you will be painfully aware that the rules of public service pension schemes are enormously complex.

ARTICLE by Mark Devlin

Mark Devlin

The trials and tribulations of parenthood – aka the High Income Child Benefit Charge

A recent tax tribunal decision and general day to day parenting combined in my mind to once again highlight the potential pitfalls of receiving child benefits, and ways that impacts of losing this can be mitigated. I’ll steer clear of the parenting pitfalls though.

ARTICLE by Liz Hardie

Liz Hardie

And so it begins…

Following Philip Hammond’s letter to the Office of Tax Simplification (OTS) asking for a review of Inheritance Tax, a consultation has been issued to gather information and to look into opportunities to simplify it.

WEBINAR

CPD Quiz Webinar – OEIC taxation

On the webinar, through a series of testing questions, Graeme Robb looked at the taxation of the investor. More than that though, he considered the ‘internal’ taxation of the fund to give that complete picture. Graeme considered the perennial issue of the interaction between OEICs and insurance bonds.

WEBINAR

Scottish Rate of Income Tax

Webinar about the Scottish Government’s powers over tax, the implications of the Scottish higher rate threshold, who is a Scottish taxpayer and the impact on pension contributions.

ARTICLE by Catriona McInally

Catriona McInally

Make your money work harder

There are many reasons why a company may choose to accumulate cash in the bank. Business might be good, orders are coming in, debtors are paying and the future looks positive. Or Brexit looms, currency risk lurks and bills need to be paid some time down the road.

ARTICLE by Liz Hardie

Liz Hardie

Help…my bond is 20 years old!

75 year old widow, Agnes, invested £144,000 in an offshore bond on 18 June 1998.

ARTICLE by Liz Hardie

Liz Hardie

That’s the wrong way

Joe, a basic rate taxpayer, took a withdrawal of £40,000 from his investment bond in December 2017 without firstly contacting his financial adviser.

WEBINAR

Defined Benefit Transfers – the futureproofing of advice

On this webinar, independent regulatory expert Rory Percival and Director of Specialist Business Support at Prudential Vince Smith-Hughes discuss the current state of the DB market, the recent policy statement and consultation document and what advisers can do now to help futureproof DB transfer advice.

ARTICLE by Liz Hardie

Liz Hardie

Time Apportionment Relief

Andy has been living and working overseas for almost 4 years. His company has just offered him a post back in the UK. Andy still holds an onshore investment bond that he bought on 2 November 2013, but is thinking of encashing to help with the move.

ARTICLE by Liz Hardie

Liz Hardie

Partial withdrawal vs full segment surrender

John & Yvonne are basic rate taxpayers. They invested £138,000 into an onshore bond in 2015.

ARTICLE by Liz Hardie

Liz Hardie

Assignment

Peter and Carrie are a married couple in their 60s.They are both higher rate taxpayers. They have held an onshore investment bond since 1998.

ARTICLE by Les Cameron

Les Cameron

Why OEICs are great… and other matters

Is it 'bond v OEICs' or 'bond and OEICs'?

ARTICLE by The Technical Team

The Technical Team

Lifetime Allowance (LTA): Q&A

Questions from advisers answered on the lifetime allowance, including queries about protection, LTA excesses, pre A-day benefits, LTA on death and other general questions.

ARTICLE by Mark Devlin

Mark Devlin

The present and future of DB transfers

The recent publications from the FCA Policy Statement 18/6 (PS18/6) and Consultation Paper 18/7 (CP18/7) have brought DB transfers further to the fore.

ARTICLE by Helen O' Hagan

Helen O' Hagan

Power of Attorney and the foreign element

The world is getting smaller, there is more and more movement of people between countries than ever before. So what happens when you have an elderly person who has a power or attorney in place which was not set up in the UK. Will it be valid and will the attorneys be authorised to deal with their affairs?

ARTICLE by Sam Niblo

Sam Niblo

Lifetime Allowance and Death: Q&A

This month we cover questions related to Lifetime Allowance and death.

ARTICLE by Jacqueline Clezy

Jacqueline Clezy

Has it really been 12 years already?

Pensions simplification promised to remove the complex rules and multiple maximum benefit calculation regimes that existed prior to 6 April 2006. So how has our relationship with the changes that were introduced developed over the last 12 years?

ARTICLE by Neil MacLeod

Neil MacLeod

Tax and trust: Q&A

This month we cover questions related to ‘lives assured’ on investment bonds.

ARTICLE by Graeme Robb

Graeme Robb

IHT DOTAS – Two Acronyms come together

In Oracle Technical, January 2018, Winter Warmers I discussed the new Inheritance Tax (IHT) avoidance scheme regulations effective from 1 April 2018.

VIDEO

Multi-Asset Investment Update | April 2018

Leila Butt, Senior Economist, Prudential Portfolio Management Group, discusses the effects of the QE, the mechanics of quantitative tightening and the possible implications, advanced central bank policies, and finally gives her overall assessment for the future.

VIDEO

Prudential Market Insights | April 2018

David Shairp, Head of Research, PPMG, gives his monthly update and discusses US trade tariffs, where challenges in the first quarter have left valuations and if recent events have affected the long-term positioning of portfolios.

WEBINAR

Planning matters – delivering your clients income needs

We recently ran a series of seminars across the UK that proved really popular, attracting over 1,400 advisers. Feedback was so strong that we decided to run a webinar that covers the key points discussed, so those who didn’t make it don't miss out.

ARTICLE by The Technical Team

The Technical Team

Trustee investment considerations: the facts

Learn the overriding duties of trustees in relation to investments.

ARTICLE by The Technical Team

The Technical Team

Pension recycling

Pension recycling is where a pension lump sum, or pension income, is recycled by reinvesting the income or lump sum into pension as a tax relievable contribution.

ARTICLE by The Technical Team

The Technical Team

Enhanced protection

Enhanced protection was introduced by Finance Act 2004. Individuals who were eligible and continue to hold enhanced protection will not suffer any lifetime allowance excess tax charge when they take pension benefits in excess of the lifetime allowance.

ARTICLE by The Technical Team

The Technical Team

Tax relief on employer contributions

Discover how an employer can receive tax relief on pension contributions for an employee.

ARTICLE by The Technical Team

The Technical Team

Individual savings accounts (ISAs): planning ideas

Help your clients make the most of their individual savings accounts (ISAs).

ARTICLE by The Technical Team

The Technical Team

Charities and insurance bonds: implications

Find out why HMRC considers it prudent for a charity to take professional advice before purchasing an insurance bond or accepting a transfer from a donor.

ARTICLE by The Technical Team

The Technical Team

Flexi-access drawdown vs UFPLS

Discover useful guidance to help you consider whether flexi-access drawdown or UFPLS is the most appropriate route to achieve the client’s objectives for accessing benefits from their pension pot.

ARTICLE by The Technical Team

The Technical Team

Uncrystallised fund pension lump sum (UFPLS)

Information on uncrystallised fund pension lump sum (UFPLS); what it is, why it was introduced and how it is taxed.

ARTICLE by The Technical Team

The Technical Team

Taxation of pension income

We outline how pension income is taxed as earned income, using Pay As You Earn (PAYE) and cover some key considerations. Usually the income is initially set up with an ‘emergency tax code’.

ARTICLE by The Technical Team

The Technical Team

Fixed protection 2012, 2014 and 2016

With the Lifetime Allowance being reduced over time to £1.0m, more and more people are facing the potential of being liable to LTA excess charges. Consideration of the availability of LTA protection is therefore a vital part of pensions planning.

ARTICLE by The Technical Team

The Technical Team

Transferable nil rate band: planning ideas

Learn about the interaction of discretionary will trusts and the inheritance tax transferable nil rate band.

ARTICLE by The Technical Team

The Technical Team

Income tax personal allowance: planning ideas

Personal allowance planning involves reducing adjusted net income given the £100,000 income limit for personal allowance purposes.

ARTICLE by The Technical Team

The Technical Team

How best to extract profits from your business

Discover the three main ways to extract profits from a limited company and how these can be used to improve your client’s financial situation.

ARTICLE by The Technical Team

The Technical Team

Scottish Rate of Income Tax - Facts

How Income Tax differs for Scottish taxpayers

ARTICLE by The Technical Team

The Technical Team

Lifetime allowance: the facts

The Lifetime Allowance (LTA) is the overall limit of tax privileged pensions funds a member can accrue during their lifetime, before a Lifetime Allowance tax charge applies.

ARTICLE by The Technical Team

The Technical Team

Annual allowance for pension savings

A review of the main changes to annual allowance since its introduction on 6 April 2006, as well as common issues to consider.

ARTICLE by The Technical Team

The Technical Team

Taxation of offshore policies: the facts

Information on taxation of offshore policies. Find out how offshore life assurance bonds are taxed in the hands of individuals and trustees.

ARTICLE by The Technical Team

The Technical Team

Salary sacrifice: pension planning ideas

There are a number of planning opportunities around Salary Sacrifice (or Exchange) which can produce the same pension contribution at a lower net cost, or a higher pension contribution at the same net cost.

ARTICLE by The Technical Team

The Technical Team

Discounted gift trusts: payments to beneficiaries

Information on discounted gift trusts and payment to beneficiaries; what to consider for payment to a beneficiary of a discounted gift trust while the settlor is still alive.

ARTICLE by The Technical Team

The Technical Team

Pensions can be a valuable tool in an individual's tax planning

Information on how pensions can be used to mitigate child benefit and personal allowance tax traps as well as mitigate tax on bond and CGT gains.

ARTICLE by The Technical Team

The Technical Team

Inheritance Tax potentially exempt transfers

Learn how outright gifts are dealt with for inheritance tax purposes and the implications of death within seven years.

ARTICLE by The Technical Team

The Technical Team

Money purchase annual allowance (MPAA) - Case studies

Case studies demonstrating how the MPAA works for a selection of tax years.

ARTICLE by The Technical Team

The Technical Team

Top slicing relief for bonds taxation: planning ideas

What you need to know about the interaction of a personal pension contribution and top slicing relief .

ARTICLE by The Technical Team

The Technical Team

EIS, VCT and SEIS

Learn about venture capital trusts, enterprise investment schemes and seed enterprise investment schemes and how to plan with them for income tax relief.

ARTICLE by The Technical Team

The Technical Team

Income tax rates and order of tax

Learn how different types of income are taxed and how they fit into an individual’s income tax calculation.

ARTICLE by The Technical Team

The Technical Team

Spousal bypass trust: the facts

Discover what spousal bypass trusts are, why they might be used and the tax implications of using them.

ARTICLE by The Technical Team

The Technical Team

Gift aid donations by individuals: the facts

Gift aid is a tax-efficient way of gifting to charities.

ARTICLE by The Technical Team

The Technical Team

Individual Savings Accounts (ISAs): the facts

The Individual Savings Account (ISA) is a tax exempt savings vehicle for UK resident investors.

ARTICLE by The Technical Team

The Technical Team

Pensions and inheritance tax: planning ideas

Pension planning and making contributions for others can be an effective way for the donor to reduce their taxable estate while saving into a pension for someone else.

ARTICLE by The Technical Team

The Technical Team

Phased retirement

Pension flexibility has increased the options available for those who wish to phase retirement. Discover the main types of withdrawal method and how it works in practice.

ARTICLE by The Technical Team

The Technical Team

Discounted gift trusts: the facts

Learn about the role discounted gift trusts play in inheritance tax planning.

ARTICLE by The Technical Team

The Technical Team

Chargeable event gains for bonds and starting rate for saving: Q&A

Questions from advisers answered about setting chargeable events gains for bonds against the starting rate for savings.

ARTICLE by The Technical Team

The Technical Team

Reduce the impact of the high income child benefit charge

The high income child benefit tax charge impacts those who have adjusted net income over £50,000 and are receiving child benefit. Reducing adjusted net income can reduce the impact.

ARTICLE by The Technical Team

The Technical Team

Transfer to or from qualifying recognised overseas pension schemes

Discover the main considerations when transferring a pension to or from a Qualifying Recognised Overseas Pension Scheme and new rule changes.

ARTICLE by The Technical Team

The Technical Team

Income tax personal allowance: the facts

What you need to know about the income tax personal allowance.

ARTICLE by The Technical Team

The Technical Team

Comparing pension and buy-to-let as retirement planning vehicles

Buy to let property, as well as pensions, continue to be popular investment vehicles for retirement planning. We look at the advantages and disadvantages of each.

ARTICLE by The Technical Team

The Technical Team

Top slicing relief for bonds taxation: the facts

What you need to know about top slicing relief, how it works and more.

ARTICLE by The Technical Team

The Technical Team

Small pots and defined benefit trivial commutations

Information on small pots and defined benefit trivial commutations, including payment, effect on entitlements to benefits and crystallised and uncrystallised benefit rights.

ARTICLE by The Technical Team

The Technical Team

The new State Pension

The new State Pension replaces the previous rules, which offered the basic and any additional state pension entitlements, for anyone reaching State Pension age on or after 6 April 2016.

ARTICLE by The Technical Team

The Technical Team

Domicile status for individuals: the facts

Understand why domicile status can be important in establishing an individual’s tax liability.

ARTICLE by The Technical Team

The Technical Team

When can retirement benefits be taken?

Information on when can retirement benefits be taken, exceptions and key points.

ARTICLE by The Technical Team

The Technical Team

Tax-free cash and protection

Information on tax-free cash (TFC) and how it can be protected; the type of Lifetime Allowance protection held can also impact the calculation of the maximum TFC.

ARTICLE by The Technical Team

The Technical Team

Discounted gift trusts: changing the underpinning investment

Learn about changing the underpinning investment on a discounted gift trust which has been used for lump sum inheritance tax planning.

ARTICLE by The Technical Team

The Technical Team

Tapered annual allowance: planning ideas and potential pitfalls

Discover how the tapered annual allowance works, and the related planning issues.

ARTICLE by The Technical Team

The Technical Team

Salary sacrifice: the facts

Learn about salary sacrifice: what it is, why do it and what the drawbacks are.

ARTICLE by The Technical Team

The Technical Team

Tapered annual allowance for high income client pensions

Information on tapered annual allowance for high income client pensions.

ARTICLE by The Technical Team

The Technical Team

UK investment bonds: taxation planning ideas

Discover tax planning opportunities with UK investment bonds.

ARTICLE by The Technical Team

The Technical Team

Individual protection 2014 and 2016

With the Lifetime Allowance being reduced to £1m, more and more people could potentially be liable for Lifetime Allowance excess charges. This makes considering Lifetime Allowance protections a vital part of pensions planning.

ARTICLE by The Technical Team

The Technical Team

Money Purchase Annual Allowance (MPAA)

The money purchase annual allowance, or MPAA, was introduced with pension freedoms and this limits the amount of money which can be contributed to a money purchase scheme once pensions have been flexibly accessed before a tax charge is payable.

ARTICLE by The Technical Team

The Technical Team

AIFs for individual investors: the facts

An overview of what authorised investment funds are and how they are taxed.

ARTICLE by The Technical Team

The Technical Team

Pension contributions: Q&A

Questions from advisers answered on tax relief and annual allowance (including carry forward) considerations when contributing to pensions.

ARTICLE by The Technical Team

The Technical Team

Income or assets overseas – client notification obligations

If you give advice about tax, or are a financial institution, you may need to send a letter to clients who have income or assets overseas.

ARTICLE by The Technical Team

The Technical Team

UK investment bonds: taxation facts

Information on UK investment bonds, including what they are, identifying chargeable events, part arrangement (5% rule) and part assignments.

ARTICLE by The Technical Team

The Technical Team

Chargeable event gain and personal allowance: Q&A

Answers to questions from advisers on the effect of the chargeable event gain on personal allowance.