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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.

Will-deed-IHT-estate planning-700x450

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.

Comments (1)


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.

Comments (1)


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)


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.


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)


Alan Higham: Tax doesn’t need to be taxing

Retirement supp 26 Feb 2015

Rules on taxing ad hoc pension withdrawals from April could certainly be clearer.


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)

Danny Alexander

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.

Comments (1)


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.

Comments (1)


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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HMRC yet to contact police over HSBC tax evasion

18 February 2015 8:17 am | By Mark Sands

Revenue promised to meet “relevant authorities” over HSBC last week.

Comments (2)


EU to investigate tax policy of member states

13 February 2015 10:50 am | By Mark Sands

The EU is to investigate whether members are harming the public purse by altering tax policy to lure international business.

Comments (1)

UBS Bern 480

UBS in new tax evasion probe

11 February 2015 8:45 am | By Natalie Holt

Swiss bank is being investigated in the US over whether it sold Americans banned investments.


Ed Miliband demands tax haven transparency

9 February 2015 9:31 am | By Sam Brodbeck

A Labour government would blacklist opaque territories and crown dependencies, says Miliband.

Comments (1)


HSBC 'helped wealthy clients dodge millions in tax'

9 February 2015 8:45 am | By Sam Brodbeck

Bank advised clients on tax evasion using Swiss bank accounts.

Comments (10)


Savers face tax hit as income tax and pension changes bite

6 February 2015 1:00 pm | By Sam Brodbeck

Low earnings could be stung with extra tax charge after pension withdrawal.


Standard Life moves into advice with Pearson Jones deal

6 February 2015 12:09 pm | By Sam Brodbeck

Provider launches advice business through acquisition of Skipton-owned Pearson Jones.

Comments (14)


Danby Bloch: A new tax snag for pensions

5 February 2015

A strange anomaly means non-taxpayers looking to take advantage of pension freedoms could be in for a shock.


Aviva: Advisers underestimating clients' life expectancy

26 January 2015 10:18 am | By Sam Brodbeck

Nationally-agreed life expectancy figures should be included in Pension Wise, says Aviva.

Comments (3)


Pension freedoms add 'layer of complexity' to divorce cases

22 January 2015 9:30 am | By Sam Brodbeck

Lawyers say new cash option makes divorce proceedings unpredictable.

Comments (8)


Survey reveals £200m rise in individuals' overpaid tax

19 January 2015 11:33 am | By Sam Brodbeck

Poor planning will lead to £4.9bn in overpaid taxes in 2015.

Comments (2)


Case study: Making the most of surplus capital

15 January 2015

How to maximise your business’ profit for your personal future.


Adviser firm launches mass market online service

22 December 2014 11:27 am | By Sam Brodbeck

Simplified online reports aim to fill gap left by banks and RDR.

Comments (6)


HMRC recoups £29m in tax avoidance crackdown

15 December 2014 11:36 am | By Devraj Ray

Finance Bill 2014 gives HMRC powers to demand disputed tax repayments within 90 days from tax avoidance scheme users.

Comments (2)


Pensioner bonds to pay up to 4%

12 December 2014 4:38 pm | By Sam Brodbeck

One-year bonds to pay 2.8 per cent while three-year bonds will pay 4 per cent.

Comments (1)


MetLife UK plans 2015 guaranteed Isa launch

11 December 2014 10:00 am | By Sam Brodbeck

Customers will be able to choose capital or income guarantee.

Comments (1)


Industry backs Govt decision on post-75 pensions tax relief

11 December 2014 | By Sam Brodbeck

The Government has dropped plans to extend tax relief to pension contributions made by people over the age of 75.

David Gauke MP

Experts query Govt pension recycling tax leak estimate

4 December 2014 10:44 am | By Sam Brodbeck

Confusion reigns over Treasury projections.

Comments (1)


Chancellor extends death tax reforms to annuities

4 December 2014 | By Sam Brodbeck

Widowers will no longer have to pay income tax on joint-life annuity payments under proposals widely expected to be unveiled by Chancellor George Osborne this week.


AS 2014: Treasury reveals £730m cost of pensions death tax cut

3 December 2014 3:03 pm | By Sam Brodbeck

But expected growth in public sector transfer set to offset tax loss, Government estimates.


Osborne set to scrap death tax on joint-life annuities

28 November 2014 8:52 am | By Sam Brodbeck

Move would bring annuities in back into line with drawdown.

Comments (12)


What will Scottish devolution mean for pensions tax relief?

27 November 2014 3:12 pm | By Tom Selby

Proposals to hand the Scottish Parliament autonomy over setting income tax rates could have significant ramifications for pensions tax relief.


Treasury waters down HMRC powers to raid bank accounts

27 November 2014 | By Samuel Dale

Treasury concedes ground after criticism from MPs over scope of powers.


HMRC moves to close pension lump sum recycling loophole

25 November 2014 2:32 pm | By Sam Brodbeck

HMRC has confirmed ‘stand-alone’ pension lump sums will not be subject to the restricted money purchase annual allowance rules imposed on savers who access the Budget freedoms.

Comments (2)


Labour pledges 'tough' penalties for tax avoidance

14 November 2014 8:35 am | By Natalie Holt

Party wants to impose fines of up to 100 per cent of the value of tax avoided.

Comments (3)


The Technical Quiz: 13 November

13 November 2014

To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions…


Govt launches 'revolution in tax transparency'

3 November 2014 10:12 am | By Sam Brodbeck

But Labour says annual tax statements mask full impact of taxes.

Comments (6)


Labour raises pressure on Govt over £2bn pensions tax leakage

29 October 2014 3:58 pm | By Sam Brodbeck

MPs ‘profoundly worried’ about potential missing £2bn from Treasury coffers.

Comments (4)


Experts pour cold water on proposal to scrap NICs

17 October 2014 2:00 pm | By Sam Brodbeck

A think-tank’s proposal to combine National Insurance and income tax is laudable but likely to be thwarted by lack of political will.

Comments (1)

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