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Introduction The Taxation of Pensions Bill (the Bill) was formally published on 14 October 2014. This follows the publication of a draft of the Bill in August (see our Alert on the Draft Taxation of Pensions Bill). This Bill is designed...
Introduction On 6 August 2014, HMRC published for consultation draft guidance and legislation which will implement the changes to the pension tax rules announced in the Budget 2014 (please see our Alert for details). In this Alert:...
Introduction The position in relation to the recoverability of VAT on professional fees paid in respect of occupational pension schemes has been in the spotlight recently. HMRC has issued two Briefs, Brief 06/14 and Brief 22/14, which...
Background The 2014 Budget proposed significant changes on the use of individuals’ DC pension pots at retirement. HM Treasury’s consultation “Freedom and choice in pensions”, published alongside the Budget, proposes a general...
Introduction The standard LTA will reduce from £1.5 million to £1.25 million on 6 April 2014. To assist individuals who have built up pension savings based on the current LTA, protection from the LTA charge is available in the form of...
Introduction Certain changes are being introduced with effect from 27 March 2014 to give greater flexibility for both DB and DC members now ahead of more radical changes from April 2015. The 2015 changes to the rules on the use of...
Introduction With the standard LTA reducing to £1.25 million from its current level of £1.5 million from 6 April 2014, individuals with existing pension savings who have not already done so should consider now whether to apply...
