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.
This article explores the practical implications of the reduction in the lifetime allowance on scheme members.
Introduction to the new pension rules video. To help identify the potential effect of the changes and the planning opportunities that are presented by the new funding rules we have built a series of short videos aimed at key elements of the new accumulation process. Visit the 'New Pensions rules videos' page to view all the videos.
Download video transcript
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.
Adrian Walker highlights a key planning opportunity for clients in capped drawdown with a review period that started post April 2011.
Adrian Walker looks at the outcomes for retirement planning from the Budget 2012.
This article looks at how equalisation operates and why it is important when calculating Capital Gains Tax (CGT) for collectives.
This article provides a high level summary of the potential advantages and disadvantages of offshore bonds held by a UK-resident investor (excluding companies).
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
The Rysaffe case is often referred to within trust planning. It demonstrates that there are various ways of using multiple trusts in order to achieve effective trust planning.This article sets out the key Rysaffe principles and gives you example scenarios that you can use with your clients.
The aim of this article is to explain how deeds of variation can be used to alter the position of a deceased person’s estate and how to register a deed of variation with HM Revenue & Customs (HMRC) in the UK.
The Rysaffe case is often referred to within trust planning. It demonstrates that there are various ways of using multiple trusts in order to achieve effective trust planning. This article sets out the key Rysaffe principles and gives you example scenarios that you can use with your clients.
Unlike the other forms of business protection, partnership or shareholder protection covers individuals rather than the company. In this article we look at the key considerations for this type of cover.
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.