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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.

Comments (1)

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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.

Comments (1)

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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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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.

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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.

Comments (1)

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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.

Comments (1)

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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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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)

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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)

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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.

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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)

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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)

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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.

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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)

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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.

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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)

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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)

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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)

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Case study: Making the most of surplus capital

15 January 2015

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

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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)

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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)

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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)

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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)

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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.

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Experts query Govt pension recycling tax leak estimate

4 December 2014 10:44 am | By Sam Brodbeck

Confusion reigns over Treasury projections.

Comments (1)

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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.

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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.

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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)

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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.

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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.

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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)

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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)

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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…

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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)

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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)

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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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