Comment and Blogs
Pensions are complicated enough for providers, advisers and clients to administer and understand.
Read more: Elaine Turtle: Firms and pensions suffering after MPAA delay
Despite the current Brexit negotiations, the UK will forge ahead with the implementation of new data protection rules, which will see all previous legislation replaced.
Read more: Elaine Turtle: Why data protection matters to Sipps
SSAS market- outright ban or just fix what is broken?
Regular readers may recall that my blog in November 2016 focused on HMRC unexpectedly challenging SIPP providers on whether net pension contributions could be made in specie, (that is, a change of legal ownership without any sell/buy transactions), and still receive tax relief.
Read more: Jones-Tinsley: HMRC’s long-winded no to in specie pensions
A-Day on 6 April 2006 ushered in a new taxation regime for pensions, under the heading of Pension Simplification (no sniggering at the back, please).
Read more: Jones-Tinsley: Closing date looms for Individual Protection 2014
We are fast approaching at the second anniversary of the pension freedoms and the removal of the requirement to buy an annuity (officially that is – the real compulsion went several years before). In that two years the focus has been on the numbers – what has been cashed, how much tax has been generated, what product options are popular and very little on how the money has been spent.
Read more: Mike Morrison: Pension freedoms survival - Adapt or die