HMRC

Providers who have resigned as scheme administrators of pension schemes may not only be leaving members to "fend for themselves", but could be leaving IFAs open to compensation claims if things go wrong, warns Rowanmoor Pensions.

The removal of tax relief on pension term assurance policies removes the risk of people taking out life insurance policies which are unsuitable for their needs, claims HMRC.

The Isle of Man Treasury is planning to remove the compulsory annuitisation of pension schemes, under its proposals for 'pensions simplification', because there are now fewer annuity providers on the island.

HM Revenue & Customs has provided written confirmation that gifts put into absolute or bare trusts for minors will avoid tax charges by being classified as Potentially Exempt Transfers rather than Chargeable Lifetime Transfers.

The government has reduced proposals for the minimum amount of income which must be drawn from an Alternatively Secured Pension from 65% to 55% of a comparable annuity for a 75 year old, but has retained the unauthorised payment charges on funds left...

Threesixty is warning advisers recent changes to the Inheritance Tax treatment of trusts may also trigger Capital Gains Tax charges on parents who place assets into a designated account for their children.

HM Revenue & Customs has confirmed refunds from pension schemes ordered by the Financial Ombudsman Service, following a case of "bad advice" or "mis-selling", will be classed as unauthorised payments.

HM Revenue & Customs has changed its stance and will now allow redundancy payments to be invested into a pension fund.

HM Revenue & Customs has announced it is to increase the inheritance tax reporting level for certain types of chargeable gifts to £200,000.

Pensions A-Day seems such a long time ago and after the subsequent changes of benefits, did not do exactly what it said on the tin.