Taxing time for PPBs

Professional Adviser
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Not including any details that may appear in this year's UK Finance Act, there are several important ...

Not including any details that may appear in this year's UK Finance Act, there are several important tax changes that were announced in previous budgets which will come into affect this April. Anyone informing clients of these should not forget the Personal Portfolio Bonds Tax Regulations 1999. The Inland Revenue introduced new measures to tax personal portfolio bonds (PPB) in the 1998 Budget that were originally expected to take effect after April 1999. However, following lobbying from policyholders, advisers and product providers, the start date was deferred until April 2000. There was al...

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