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Momentum welcomes removal of benefit in kind tax on pensions advice

Momentum Financial Services pensions specialist Mark Stopard says the group is particularly pleased that the Chancellor has decided to remove the benefit in kind tax charge where an employer pays for pensions advice for their workforce up to £150 per employee per year.
Stopard says: “This removes a significant disincentive for pensions advice in the workplace which is one of the most effective ways of increasing pension provision and starting to tackle the £27bn annual savings gap.”


Furbs go flying

The Government&#39s proposals for pension simplification have raised a great number of questions. As evidence of this, at a recent meeting that we facilitated for pension specialists from many of our client companies, with a welcome contribution from members of the Inland Revenue&#39s simplification team, there were over 50 very good questions posed. One of […]

Winterthur reports strong sales growth in 2003 full year results

Winterthur Life is showing strong growth in new insured single premium pensions business sold through IFAs for 2003. It has reported that sales are up 15 per cent to £669m compared to 2002. Over the same period group personal pension business increased 22 per cent and defined contribution pensions went up 194 per cent. However, […]

Small firms hit by end to dividends

Gordon Brown has closed the loophole that allowed ownermanagers of small businesses to avoid income tax by paying themselves dividends inst-ead of salary. Many IFAs see this as a “punitive measure” from the Chancellor, with Master Adv-iser managing director Doug Brodie arguing that the move could see many firms return to sole trader status, with […]

Strutt offers low entry to property

STRUTT & PARKER REAL ESTATE FINANCIAL SERVICES Sprefs Commercial Property Fund Type: Closed-ended fund Aim: Growth and income by investing in UK commercial property Minimum investment: Lump sum £15,000, Isa £3,000 Investment split: 19.7% industrial, 25.3% offices, 55% retail Place of registration: Dublin Charges: Initial 5%, annual 1.25% Commission: Initial 3% Tel: 0870 420 5511 […]


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