The Budget on 21 March 2012 introduced important changes to tax rules around qualifying policies. Here is a summary of the changes and how they affect new and existing policies.
Caution: Changes announced in the budget on the 21st March affect the information contained below. Before taking any action based on this article please refer to your usual Skandia contact.
Phil Carroll takes a look at income planning within your clients’ tax wrappers.
This article provides a high-level summary of who is liable to tax when an asset is held in a trust.
This article highlights a series of planning opportunities which can be implemented up to tax year end and beyond.
This article addresses the taxation position of trustees and beneficiaries in receipt of dividend income and savings income generated from trust assets. It does not consider all scenarios and Skandia recommends that independent tax advice be sought in all cases.
This article looks at the income tax treatment of trusts created by an individual, when their unmarried minor children are beneficiaries of the trust.
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