Standard Life to pay platform rebate tax for clients

clock

Standard Life has confirmed it is to pay the recently announced rebate tax for its users until the end of this year.

The group said in a statement: "The group has agreed with HMRC to pay the mutual fund rebate income tax liability until the end of December 2013 on behalf of all Standard Life Wrap and FundZone customers. "The tax will be paid directly to HMRC so, as well as covering customers' tax liability for 2013, it also means customers will not have to include this income in their tax return and avoids the supporting paperwork and client communication advisers would otherwise have needed to produce." David Tiller, Standard Life Head of Platform Propositions, said: "We disagree with HMRC's analysi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Poor platform service 'significantly' affects 54% of advisers

Poor platform service 'significantly' affects 54% of advisers

Exclusive: Down from 80% the previous year

Jenna Brown
clock 02 December 2025 • 2 min read
Mark Sanderson: Getting to the point of platforms

Mark Sanderson: Getting to the point of platforms

'Platforms are there to serve investors'

Mark Sanderson
clock 28 November 2025 • 4 min read
How is tech changing platform asset migration?

How is tech changing platform asset migration?

'Every transfer should be compliant, transparent, and in the client's best interest'

Tom Mullaly
clock 17 November 2025 • 4 min read