New Regulations have simplified the tax treatment of switches between share classes within a sub-fund.
Rachael Griffin examines the new Statutory Residence Test which can be used to determine whether an individual is resident or not in the UK.
Building a decent retirement income. In our short video for use with your client, resident pension experts Jim Jarvie and Jon Hogg, explains how climbing the retirement mountain has become more of a challenge and that success will take careful planning and getting the right kind of expert advice, from an experienced financial adviser.Download video transcript
A drawdown arrangement that allows a client the flexibility to lock in a higher capped drawdown income limit is invaluable. We examine the issues that can affect the maximum income under capped drawdown and the options in a drawdown arrangement that are required to take advantage of them.
There are no limits on the amount that can be contributed to a registered pension scheme. However, there are limits on the tax relief that can be given. Tax relief on member contributions is limited to 100% of an individual’s earnings or £3,600 if higher, and relief for employer contributions is subject to them being made wholly and exclusively for the purpose of the business.
This article outlines how returns will be taxed for collectives, UK life assurance, offshore life assurance or an offshore capital redemption contract when purchased by a UK company after 1 April 2008.
This article looks at the income tax treatment of trusts created by an individual, when their unmarried minor children are beneficiaries of the trust.
This article is designed to outline how life assurance and investment bonds could be assessed by UK local authorities and the impact this may have on means testing for residential care.
This article aims to explain the different types of strategy that ethical funds may adopt and why ethical funds shouldn’t be overlooked when aiming for capital growth. The article does not look to provide advice on Ethical investments and Skandia accepts no responsibility for actions taken or refrained from being taken based on this or any related document.
Financial Planning Solutions
This document is designed to explain what the PPFM is and how it relates to with-profits policies.
When reviewing with-profits policies it’s important to have a good understanding of the terms used. To get you started, we’ve provided a glossary of the key terms below.
This article outlines the tax treatment for key employee cover and partnership or shareholder cover.
Once it has been established there is a need for partnership or shareholder protection and the level of cover required has been established, the next consideration is how to set it up. Principally there are two ways you might set up the plans for partnership or shareholder protection and this article looks at how to set up each.
This financial planning tool provides two calculations. One calculates the capital gain on a given withdrawal from an investment while the other calculates the amount of withdrawal which can be made when looking to utilise an individual’s or trustee’s available capital gains tax (CGT) exemption.
This financial planning tool has been designed to demonstrate how a UK authorised investment fund (collective) and a single premium investment bond can be used together to create tax-efficient withdrawals.