Taxation

The number of people making withdrawals from their pensions has hit a record high, according to the latest HMRC figures. In the third quarter of 2018 there were 585,000 withdrawals made under...

The court overturned an earlier judgement, and ruled that HMRC could impose 40 per cent IHT on pension transfers made by those who know their life expectancy is impaired. Effectively this means...

The debate over whether trust or contract pension arrangements are superior is decades old. Yet with such a high level of regulatory change, product development and scale on the master trust side, the answer to the question...

HM Treasury has confirmed it is looking to tackle anomolies in the auto-enrolment system which has seen up to one million low-earners miss out on tax relief. Its statement, which says it...

The Chancellor’s decision to leave pensions tax relief unchanged in yesterday’s Budget has divided the industry between those relieved at the maintenance of the status quo and those calling for a big...

Pension tax relief is likely to be in the firing line in next week’s Budget says Royal London director of policy Steve Webb. He sets out the Chancellor’s main options, and his...

A House of Commons briefing paper published yesterday has reiterated the arguments for a fundamental overhaul of tax relief on pensions, alarming pension professionals that big changes could be on the way...

The Government’s lack of a majority means plans for a fundamental reform of pensions tax relief are on hold for the foreseeable future, Work and Pensions Secretary David Gauke MP told an...

Steve Webb  - Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up...

The Pensions Regulator's new DC Code of Practice, which comes into effect today, has been attacked for failing to address the issue of low earners not receiving tax relief if they are...