the pre-owned asset tax makes it vital for providers to ensure the products they create today do not fall foul of the revenue Tomorrow
To say there have been a lot of legislative changes over the past few years for those who work in technical support within the life assurance industry would be something of an understatement. These have been challenging times with the Personal Portfolio Bond Regulations to the latest hurdles presented by pre-owned asset tax (POAT). Any professional adviser or product provider who thinks we are still operating in the same environment as 10, or even five years ago was clearly not listening to Dawn Primarolo in Standing Committee on 18 May 2004. She said: "The Government wanted to send a ...
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