Advisers will be forgiven for being rather confused by the latest to-ing and fro-ing from the Government over multiple trusts.
Proposed changes by HMRC to the tax disclosure regime are a cause for concern.
Advisers must be aware of HMRC’s proposals to strengthen the Dotas rules in relation to IHT.
Nationally-agreed life expectancy figures should be included in Pension Wise, says Aviva.
Lawyers say new cash option makes divorce proceedings unpredictable.
Poor planning will lead to £4.9bn in overpaid taxes in 2015.
How to maximise your business’ profit for your personal future.
Simplified online reports aim to fill gap left by banks and RDR.
Finance Bill 2014 gives HMRC powers to demand disputed tax repayments within 90 days from tax avoidance scheme users.
One-year bonds to pay 2.8 per cent while three-year bonds will pay 4 per cent.
Customers will be able to choose capital or income guarantee.
The Government has dropped plans to extend tax relief to pension contributions made by people over the age of 75.
Confusion reigns over Treasury projections.
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.
But expected growth in public sector transfer set to offset tax loss, Government estimates.
Move would bring annuities in back into line with drawdown.
Proposals to hand the Scottish Parliament autonomy over setting income tax rates could have significant ramifications for pensions tax relief.
Treasury concedes ground after criticism from MPs over scope of powers.
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.
Party wants to impose fines of up to 100 per cent of the value of tax avoided.
To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions…
But Labour says annual tax statements mask full impact of taxes.
MPs ‘profoundly worried’ about potential missing £2bn from Treasury coffers.
A think-tank’s proposal to combine National Insurance and income tax is laudable but likely to be thwarted by lack of political will.
Money Marketing understands PruProtect will launch the new product next month, with Ageas UK set to follow in February 2015.
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.
Chancellor will abolish tax that applied to untouched DC pension pots left by those aged 75 or over.
Montpelier Tax Consultants chief executive cleared over tax relief scheme.
Party pledges to launch review on implications of introducing single rate of relief set above 20 per cent
Senior MPs warn over plans to break up super computer into as many as 100 parts.
Government plans to introduce new criminal offence for failure to declare offshore tax arrangements.
Insurer says disclosure rules must take into account trusts that are mainly used for asset control, not avoidance.
Government ministers have drawn up plans to clamp down on savers using IHT trusts to reduce their tax burden, The Daily Telegraph reports.
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.
Public Accounts committee calls for immediate action from Treasury to claw back money owed to Government.
Labour peer Lord McFall says simpler tax code and some form of scheme approval would reduce avoidance.
Revenue wants banks to hand over statements as part of plans to recoup tax owed directly from bank accounts.
Conservative MP Jesse Norman says table would clarify which advisers are “dodgy” and which are not.
HMRC chief executive Lin Homer says error wasn’t spotted earlier because it was in the past.
HMRC will face two Parliamentary committees over errors that led to it overstating its success in recouping owed tax.