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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)


Tony Wickenden: Prepare for more disclosure

29 January 2015

Advisers must be aware of HMRC’s proposals to strengthen the Dotas rules in relation to IHT.


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.

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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.


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)


PruProtect eyes whole of life LTC launch

2 October 2014 2:00 pm | By Devraj Ray

Money Marketing understands PruProtect will launch the new product next month, with Ageas UK set to follow in February 2015.

Comments (2)


Conservatives pledge to raise 40p income tax threshold to £50k

1 October 2014 2:00 pm | By Sam Brodbeck

A Conservative government would raise the threshold for the 40 per cent income tax rate to £50,000, up from its current level of £41,900.

Comments (5)


Osborne to cut 55% pensions 'death tax'

29 September 2014 8:18 am | By Samuel Dale

Chancellor will abolish tax that applied to untouched DC pension pots left by those aged 75 or over.

Comments (14)


Accountants cleared over £1m charity relief tax scheme

15 September 2014 3:41 pm | By Tessa Norman

Montpelier Tax Consultants chief executive cleared over tax relief scheme. 


Liberal Democrats set out pensions tax relief reform plans

8 September 2014 2:12 pm | By Steve Tolley

Party pledges to launch review on implications of introducing single rate of relief set above 20 per cent

Comments (4)


MPs warn HMRC IT shake-up risks 'disaster'

27 August 2014 3:31 pm | By Steve Tolley

Senior MPs warn over plans to break up super computer into as many as 100 parts.

Comments (1)


Govt to toughen up on offshore tax evasion

20 August 2014 11:10 am | By Michael Glenister

Government plans to introduce new criminal offence for failure to declare offshore tax arrangements.

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Standard Life: Govt IHT disclosure plans will hit advisers

13 August 2014 10:12 am | By Steve Tolley

Insurer says disclosure rules must take into account trusts that are mainly used for asset control, not avoidance.


Govt plans IHT trusts crackdown

11 August 2014 8:37 am | By Tom Selby

Government ministers have drawn up plans to clamp down on savers using IHT trusts to reduce their tax burden, The Daily Telegraph reports.

Comments (5)


SJP profits down as FSCS levy hits distribution arm

29 July 2014 8:47 am | By Tom Selby

St James’s Place has reported an 8.5 per cent drop in pre-tax profits, from £90.1m in the first half of 2013 to £82.4m this year.

Comments (4)


HMRC owed £15bn in tax, overpaid credits and fines

15 July 2014 8:22 am | By Steve Tolley

Public Accounts committee calls for immediate action from Treasury to claw back money owed to Government.


Former TSC chair Lord McFall calls for tax simplification to tackle avoidance

9 July 2014 4:28 pm

Labour peer Lord McFall says simpler tax code and some form of scheme approval would reduce avoidance.


HMRC wants access to bank statements

9 July 2014 8:47 am | By Steve Tolley, Tessa Norman

Revenue wants banks to hand over statements as part of plans to recoup tax owed directly from bank accounts.

Comments (13)

Jesse Norman TSC

TSC member calls on HMRC to expose 'dodgy' tax advisers

8 July 2014 2:14 pm | By Steve Tolley

Conservative MP Jesse Norman says table would clarify which advisers are “dodgy” and which are not.

Comments (1)


HMRC apologises over £1.9bn tax mistake

8 July 2014 12:50 pm | By Steve Tolley

HMRC chief executive Lin Homer says error wasn’t spotted earlier because it was in the past.

Comments (2)

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MPs to grill HMRC boss over £1.9bn mistake

4 July 2014 10:10 am | By Steve Tolley

HMRC will face two Parliamentary committees over errors that led to it overstating its success in recouping owed tax.

Comments (3)

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