Retirement

The Chancellor's reversal on the proposed Inheritance Tax (IHT) rules for those aged under 75 has been welcomed from most of the industry.

The Chancellor has stated there will be a review of the current exemption which exists in respect to employers promoting financial products to their employees.

Her Majesty's Revenue and Customs (HMRC) have released revised draft legislation and guidance on the recycling of tax free cash.

Pensioners with an alternatively secured pension will find their pensions are subject to inheritance tax after A-Day, HM Customs and Revenue has just confirmed.

The Chancellor has increased the Inheritance Tax threshold from £275,000 to £325,000 ensuring 90% of estates pay no tax.

A series of pension trustee workshops are to be jointly held by the Pension Protection Fund (PPF) and the Pensions Management Institute (PMI).

Stephen Timms, Minister for Pensions Reform, has announced the Government will shortly be issuing draft legislation on the calculation of pension transfer values.

As it is no longer compulsory for pensioners to buy an annuity, and with an increase in longevity, pensioners should take more risks with their investments, claims Jupiter.

The Pensions Management Institute (PMI) has teamed up with Anthony Hodges Consulting to offer web logs and chat rooms as a way of students sharing learning.

A module on pensions law is the latest addition to the Pensions Regulator's free e-learning service the Trustee Toolkit.