Martin Tilley, director of technical services at Dentons, discusses the pros and cons of scheme pension...
Scheme pensions are proving more popular than alternatively secured pensions (ASP), according to Rowanmoor Pensions.
The Government should review its "onerous" 82% tax on alternatively secured pensions (ASP), according to AJ Bell.
The Government has been very focussed on achieving political consensus on pensions, with some success especially on state pension reform. But on one area of pensions it's failed completely. No-one outside Government would pretend that the current rules...
Although Budget changes mean any residual funds from ASP will be taxed at around 82%, Mike Morrison, pension strategy director at Winterthur, says the key is to make sure there is no money left in the pot to trigger the tax charge.
Our industry has an unfortunate reputation for shooting itself in the foot, particularly in the way it often tries to take advantage of attempts by Government to relax pension rules.
Many Eastern European countries, including the Baltic States and Russia, have adopted a flat tax system. The theory behind flat taxes contains two main arguments. First, by having a single rate of tax, the system is simple; people understand what they...
The government's response to a public petition asking for the removal of the 70% tax charge on leftover Alternatively Secured Pension Funds, is a clear signal retirees need to be more innovative, claims Living Time.
The pensions industry has been left disappointed by the Prime Minister's response to a petition calling for the abolition of the 70% tax charge on funds left from Alternatively Secured Pension.