Autumn Statement 2012
Introduction The Chancellor, George Osborne, delivered his Autumn Statement on 5 December 2012. While the Government takes comfort from the latest economic and fiscal outlook,1 believing that it is “on course” to meet its...
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Introduction The Chancellor, George Osborne, delivered his Autumn Statement on 5 December 2012. While the Government takes comfort from the latest economic and fiscal outlook,1 believing that it is “on course” to meet its...
Introduction Following concerns raised by the pensions industry, HMRC has issuedguidance clarifying its position on fixed protection and continued life cover. In this Alert: Key points Background Restrictions on fixed protection Why is...
Introduction A threat to fixed protection has emerged from an unexpected source – continued life cover in respect of an individual’s dependants. In this Alert: Key points Background Restrictions on fixed protection Why is...
Introduction With the standard LTA reducing to £1.5 million from 6 April 2012, individuals with existing pension savings need to consider whether to apply to HMRC for “Fixed Protection”. However, care needs to be taken to...
Introduction On 6 December 2011, the Government published the draft Finance Bill 2012. The Bill includes the changes to asset backed contributions1 announced in theAutumn Statement on 29 November 2011 as well as a number of other...
Introduction It has been announced today that the Finance Act 2011 received Royal Assent on 19 July 2011. The Act brings onto the statute books significant changes to pensions tax relief, including legislation to reduce the AA with effect...
Introduction The third Finance Bill of the 2010/11 Parliamentary session was formally published on 31 March 2011, and will ultimately implement the Coalition Government’s plans for restricting pensions tax relief which were first...
