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FOR FINANCIAL ADVISERS ONLY
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Pension policy

Autumn 2018 Budget summary

Monday saw Philip Hammond’s third Budget and his last before we find out what’s in store with the final deal on Brexit. The Chancellor also left the door open for a Spring Budget in case the Brexit outcome is a ‘no deal’. Topic:UK Budget
coins

Annual Allowance and Scheme Pays for DC Schemes

In 2011 HMRC introduced an alternative method of taking any annual allowance excess charges. This new method is called “Scheme Pays”. Topic:Annual Allowance and Carry Forward
business man walking

Tapered annual allowance & high earners

From 6 April 2016 the annual allowance will taper to a minimum of £10,000 for those with adjusted income exceeding £150,000. Topic:Annual Allowance and Carry Forward
Completing forms

Non auto enrolement funding options

People overlook pension funding options which may be available to higher earners without breaching the auto-enrolment rules. Here we look at a pre A-Day concept applying to the new pension regime and funding. Topic:Auto enrolment and state benefits
Completing forms

Non auto-enrolment funding options

People overlook pension funding options which may be available to higher earners without breaching the auto-enrolment rules. Here we look at a pre A-Day concept applying to the new pension regime and funding. Topic:Planning Solutions
Sterling notes

The 0% rate of tax on Savings Income

The £5,000 nil-rate starting band for savings is available where earned income is less than £16,000 and yet individuals with taxable income greater than this can make use of it. Topic:Individual Taxation
Sterling notes

The 0% rate of tax on Savings Income

The £5,000 nil-rate starting band for savings is available where earned income is less than £16,000 and yet individuals with taxable income greater than this can make use of it. Topic:Income Tax
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Advising on DB Pension Transfers – New COBS Rules from 1 April 2018

On 26 March 2018, the FCA issued Policy Statement PS18/6 Advising on Pension Transfers – feedback on CP17/16 and final rules and guidance. Within PS18/6 are updates to the Conduct of Business Sourcebook (COBS) regarding pension transfers, conversions and opt-outs. Topic:General
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My investment is paying dividends – maybe too much!

From 6th April 2018 the dividend allowance will reduce to £2,000. Some of those impacted will be investors and there is an opportunity for some simple planning in this area to avoid some unnecessary tax. Topic:Income Tax

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