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Today the Treasury published their response to the consultation ‘Freedom and choice in pensions’. The Government confirmed the general path they are following to prevent abuse of the new post April 2015 flexible regime by announcing a reduced annual allowance of £10,000 for certain individuals. Defined benefit transfers from funded public sector and private sector schemes are largely unaffected, whilst the Guidance Guarantee is beginning to take shape.

Retirement reforms and the Guidance Guarantee CP14/11.

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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.

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In simple terms a pension input period (PIP) is a period over which pension accrual is measured to determine whether an individual has exceeded the annual allowance in a particular tax year. It works on the principle of how much was saved from the start of the pension input period to the end of the pension input period.

Higher rate relief on personal pension contributions is generally given through Self Assessment. This article explains some of the key dates for Self Assessment and the effect of pension contributions on payments on account and balancing payments.

Tax & Trusts

HM Revenue & Customs published its final consultation on the simplification of trusts in a document called 'Inheritance Tax: A fairer way of calculating trust charges' on 6 June 2014.

By introducing FATCA, the US hopes to gather a sizeable amount of tax owed by US persons. Gordon Andrews tells us more.


Much has been made of the outcomes of HMRC’s confirmation that rebates to customers on platforms should always have been taxed. Fiona Morrison explains what this means for investors.

This article is designed to discuss the detail of chargeable gains and show what it is, when it applies and who it applies to. This will be laid out with a general overview and then subsections dealing with each scenario. This article deals with individuals and trusts and does not include corporate gains.

Financial Planning Solutions

This article discusses the effects of the reduction in the Lifetime Allowance and the alternative savings options other than your own pension.

This article discusses the effects of the reduction in the Lifetime Allowance and the options available under pensions.


This article looks at the published proposals by HM Revenue & Customs (HMRC) for simplifying the Inheritance Tax (IHT) Taxation of Trusts.

Various exemptions are available to individuals who wish to give assets away so that they are immediately no longer included in their ‘estate’ for inheritance tax (IHT) purposes.


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.