Pension annual allowance penalties leap to £517m
Record 16,590 people paying penalty on 2016-17 pension contributions. The tax take from individuals paying a tax penalty for breaching the £40,000...
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Three areas UK taxman is ramping up IHT probes
HMRC is treating inheritance tax as an increasingly lucrative source of income. HM Revenue and Customs increased investigations into inheritance tax...
Trust and Estate Planning News -
Are pension freedoms still the right approach?
Increased uncertainty poses very clear challenges for the provision of pensions and advice, says FCA chief. The introduction of the UK's pension...
Pensions News -
£20bn withdrawn since pension freedoms launched
The popularity of the UK's pension freedoms is showing no signs of slowing, with almost £20bn ($26.2bn, €22.4bn) having now been flexibly accessed...
Pensions News -
Pension transfers into Qrops cools to £740m
Measures designed to curb the abuse of transfers to qualifying recognised overseas pension schemes (Qrops) appear to have been effective, the latest...
QROPS News -
Inheritance tax payments hit record £5bn for 2017-18
The latest official figures from HMRC reveal the British government received over £5bn in IHT receipts last year. Total IHT receipts have almost...
Trust and Estate Planning News