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Rachael Griffin, Old Mutual Wealth

Where are we on multiple trusts?

19 December 2014 1:45 pm

Advisers will be forgiven for being rather confused by the latest to-ing and fro-ing from the Government over multiple trusts.

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Standard Life: Govt tax avoidance clampdown will hit mainstream IHT trusts

14 August 2014 6:01 pm

Proposed changes by HMRC to the tax disclosure regime are a cause for concern.

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Election 2015: What are the key manifesto pledges affecting advisers?

24 April 2015 11:00 am | By Sam Brodbeck, Mark Sands

With the general election now weeks away, Money Marketing looks at the key election pledges impacting advisers and their clients.

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Major parties accused of using 'made up' tax avoidance figures

23 April 2015 12:31 pm | By Mark Sands

Politicians across the UK’s three largest parties are using tax avoidance figures to make their sums add up, the IFS says.

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How tax relief changes will hit pension contributions

22 April 2015 11:13 am | By Sam Brodbeck

Higher earners lose out more under Tories than Lib Dems. 

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Hammer blow: Politicians use 'cash cow' pension tax relief to fund election bribes

16 April 2015 8:30 am | By Mark Sands

Pension tax relief is set to take another hammering from reform-hungry politicians.

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Labour targets £7.5bn tax evasion clampdown

13 April 2015 8:56 am | By Mark Sands

Opposition has promised to reduce tax avoidance by £7.5bn per year by the middle of the next parliament.

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Tories to raid pensions tax relief to slash IHT

13 April 2015 8:27 am | By Mark Sands

Conservatives would limit tax-free pensions savings for those earning more than £150,000 to fund a new £1m threshold on inheritance tax.

Comments (12)

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Tribunal upholds investor's claim over £383k tax bill

10 April 2015 1:28 pm | By Tessa Norman

Ruling could allow investors to reclaim overpaid tax on investment bond withdrawals. 

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Tisa publishes guidelines on Isa inheritance rules

10 April 2015 9:39 am | By Sam Brodbeck

Surviving spouses can inherit Isas tax free.

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Conservatives plotting non-dom clampdown

9 April 2015 10:52 am | By Mark Sands

The Tories are set to respond to Labour pledges of an end to non-dom status by blocking individuals from inheriting the status.

Comments (5)

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Experts blast 'misguided' Labour non-dom plans

8 April 2015 4:05 pm | By Mark Sands

Labour plans to end tax loopholes allowing individuals to claim non-domiciled status have drawn fire from economics experts and the business community.

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CPS: 'Big bang' tax relief overhaul needed to complete pension reforms

8 April 2015 11:20 am | By Sam Brodbeck

Think-tank says workplace Isas should replace private and occupational pensions.

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Labour to scrap non-dom tax status

8 April 2015 9:01 am | By Sam Brodbeck

Ed Miliband will unveil the move as part of a manifesto pledge later today.

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Tax charge prompts savers to rethink pension withdrawals

1 April 2015 10:21 am | By Sam Brodbeck

One in ten think pension withdrawals are tax free

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'Tax trance' warning as 50,000 prepare to cash-in pensions

30 March 2015 9:54 am | By Sam Brodbeck

One in eight risk falling into a  “tax trance” in April.

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MPs: HMRC 'fighting an uphill battle' on tax cheats

26 March 2015 9:00 am | By Mark Sands

UK authorities are being defeated by a combination of a lack of resources and an overly complex tax code in their battle against evasion, MPs say.

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Danny Alexander

Govt outlines 'comprehensive' new tax evasion regime

19 March 2015 1:33 pm | By Mark Sands

New government measures to tackle tax evasion will include a harsh new fines regime and a strict liability offence for tax evasion.

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Budget 2015: Govt to bag £1bn from tradeable annuities

19 March 2015 10:53 am

Lifetime allowance cut to bring in nearly £2bn over five years

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Plans to abolish annual tax return 'overly ambitious'

19 March 2015 10:30 am | By Tessa Norman

Experts raise concerns over HMRC’s IT infrastructure. 

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Tax avoidance overhaul may prompt wave of confessions

19 March 2015 9:30 am | By Mark Sands

Tax dodgers may be driven to disclose their errors “sooner rather than later” by Budget plans to increase penalties.

Comments (3)

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Budget 2015: Isa withdrawals won't count toward annual tax-free limit

18 March 2015 1:50 pm | By Natalie Holt

Osborne says “radically new” Isa is one of four steps to “create a savings culture”.

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Budget 2015: Osborne lays out plans for £3.1bn evasion clampdown

18 March 2015 1:46 pm | By Mark Sands

Chancellor George Osborne has confirmed plans to tighten the net on tax evasion and aggressive tax avoidance, raising £3.1bn for the Treasury.

Comments (2)

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Budget 2015: Govt to carry out review into IHT avoidance

18 March 2015 1:14 pm | By Natalie Holt

Osborne says review will explore the use of deeds of variation.

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Govt to cut pensions lifetime allowance to £1m

17 March 2015 12:29 pm | By Sam Brodbeck

George Osborne to announce cut to higher earners’ tax relief in Budget.

Comments (41)

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HSBC shutting Jersey accounts for UK-based customers

17 March 2015 9:11 am | By Mark Sands

HSBC is closing down all Jersey accounts for UK-based customers as part of a “remediation exercise” as it seeks to prevent misuse.

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Tories eye property IHT overhaul

17 March 2015 8:41 am | By Tom Selby

Chancellor George Osborne is considering reforms that would allow parents to pass a main property worth up to £1m to their children without paying inheritance tax.

Comments (11)

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HMRC unveils inherited Isa rules

13 March 2015 10:33 am | By Mark Sands

HMRC has revealed details of new rules for transfers of Isas between spouses, including allowing recipients to change managers on savings.

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True Potential launches savings dashboard for pension freedoms

11 March 2015 9:01 am | By Sam Brodbeck

True Potential has launched a pension and savings dashboard to help advisers plan and manage client assets.

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Income tax threshold to rise 'towards £11k' in final Coalition Budget

9 March 2015 8:58 am | By Sam Brodbeck

Govt also planing 25 per cent ‘diverted profits tax’ to catch low tax paying firms.

Comments (5)

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TSC members clash over HSBC 'witch-hunt'

5 March 2015 3:18 pm | By Mark Sands

Members of the Treasury Committee are unable to agree on whether HSBC senior management can be held to account over alleged tax evasion.

Comments (4)

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HSBC chief Stuart Gulliver facing second MP grilling

3 March 2015 1:26 pm | By Mark Sands

HSBC chief executive Stuart Gulliver is to face MPs for a second time over allegations bank staff aided tax evasion between 2005 and 2007.

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Crackdown: Politicians set their sights on tax avoidance

27 February 2015 8:30 am | By Mark Sands

A growing political consensus could result in aggressive new tax legislation regardless of the winner of this year’s election.

Comments (6)

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HMRC reaches deal to share Falciani tax dodging data

26 February 2015 11:17 am | By Mark Sands

UK tax authorities have reached agreement over sharing data on HSBC-aided tax evasion.

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HSBC bosses blame Swiss managers for tax avoidance failures

26 February 2015 10:00 am | By Mark Sands

HSBC’s chairman and chief executive have blamed Swiss-based relationship managers for aiding alleged tax-evasion in the mid 2000s.

Comments (3)

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Labour to roll allowances into 50% banker bonus tax

25 February 2015 11:19 am | By Mark Sands

Labour will include allowances in a 50 per cent one-off tax on banker bonuses designed to fund a compulsory jobs guarantee.

Comments (9)

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Lib Dems eye harsh penalties for aiding tax evasion

23 February 2015 12:03 pm | By Mark Sands

Party is planning a new criminal offence of corporate failure to prevent tax evasion.

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Govt confirms extension of annuity death benefit changes

20 February 2015 2:51 pm | By Sam Brodbeck

Nominees and successors will be able to use untouched pension savings to buy an annuity.

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Govt opens married tax break registrations

20 February 2015 10:10 am | By Mark Sands

Married couples can now register with HMRC to take advantage of a new tax break.

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