The 55% tax charge levied on beneficiaries of individuals who die under the age of 75 with a joint life or guaranteed term annuity has been abolished in the Autumn Statement.
In a widely anticipated move beneficiaries will be able to receive any future payments from such policies tax free where no payments have been made to the beneficiary before 6 April 2015. The tax rules...
£300bn of liabilities
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Transfer from occupational scheme
Appointed by FCA and PSR boards