HMRC

I well remember last year's Pre-Budget Report which effectively banished residential property and things like art, wine and cars from being purchased directly by a self invested personal pension.

Clients must be on risk before midnight on 5th December to benefit from tax relief on pension term assurance policies, according to HMRC.

The Treasury is changing the rules governing the status of friendly society investment plans so policyholders are not penalised if the business is transferred to another insurance company.

This week I attended a course on the ‘tone of voice' we should use when communicating with customers. The grumpy old man in me tends to feel that today's younger generation would benefit more from learning grammar and punctuation, but tone of voice refreshers...

Action to settle whether scheme pension payments are subject to inheritance tax could be included in the pre-Budget Report.

The number of people entering income drawdown on nil income could be using the opportunity to take tax-free cash before it is abolished.

Added together, the total legislative change affecting financial planning brought in under the current government forms a remarkable conglomeration. The challenge to advisers to keep up with rapid changes is certainly significant.

Investors hoping to take advantage of the opportunity to put halls of residence into their self-invested personal pension will have to meet a strict set of criteria.

HM Revenue and Customs will be issuing updated guidance for local tax inspectors on the rules regarding employer contributions to pensions over the next few weeks.

HM Revenue and Customs have published an updated version of the Registered Pension Scheme Manual.