Budget 2010: EFRBS could face tougher regulation

Bluefin Corporate Consulting head of technical Robin Hames said "a few lines tucked away in the middle of the Budget" outlined the Treasury's preparedness to take action against the use of trust arrangements seeking to avoid restrictions on pensions tax relief. Hames observed chapter 5.63, which says: "The government also announces future action to tackle the use of arrangements to reward employees through the use of trusts or other intermediaries with the purpose of avoiding, deferring or reducing liabilities to income tax and NIC or avoiding restrictions on pensions tax relief. "The...