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HMRC amends pension reclaim form

HMRC is to change the wording of one of its new tax forms for people reclaiming overpaid tax on pension withdrawals, after confusion over who could use it. Form 55 is to be updated because it currently implies it should only be used if “you’ve only taken one payment and do not intend to take […]

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John Lawson: A spanner in the works for DB transfers

The Government was keen to allow those with defined benefit pensions access to the same freedom and choice as those with defined contribution savings. That is why we have new rules that allow transfers to proceed once a member of a DB scheme has received advice. However, the planned reduction of the lifetime allowance from […]

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Howard Flight announced as president of new trade body

Conservative peer Lord Howard Flight was today announced as president of the new adviser trade body being launched by Garry Heath. Former IFA Association director general Garry Heath revealed further details of the association, named Libertatem, at a launch event in London today. He aims to raise £1m in the first 15 months of the […]

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