Comment and Blogs
During the summer, HMRC unexpectedly began challenging Sipp providers on whether net pension contributions can be made in specie, (that is, a change of legal ownership without sell/buy transactions).
Read more: Jones-Tinsley: What’s the Revenue got against in specie?
Twice a year, every year for the last ten years, I have had the discussion with my peers about tax free cash, or to give it its correct legislative name, pension commencement lump sum, and if it will lose its tax free status in the next announcement.
Read more: Claire Trott: Retrospective changes could destroy pensions
If you are quiet you will hear the whoosh of kites being flown! It is that time of the year – with the Autumn Statement on the horizon, everyone wants their ideas to be considered. Some of those kites are a new age-related bonus system, a call for a ‘pensions bonfire’ (to get rid of complexity), and various suggestions of periods of no change and independent pension commissions.
One of the big themes recently in all areas of business has been financial literacy and education, particularly in terms of bringing some degree of financial education to the school syllabus.
Read more: Mike Morrison: School incapable of teaching pensions and tax
Regular readers may recall the first Blog that I wrote for Sipps Professional in December last year, entitled “The Law is a Drag”.
Read more: Jones-Tinsley: Cart before horse nonsense has to stop
I read John Moret’s article ‘End of era for Sipps world’ with interest the other week.
Read more: Morrison: End of era for Sipps world perhaps not a bad thing