Katharine Lindley CTA, ATT (Fellow), APFS, CFPᵀᴹ Chartered MCSI, who has taken over responsibility for this title following the retirement of Robert Gaines, is a client director with EQ Investors.
A thorough and very practical guide to how the pension rules work, and to the part they play in tax planning, written for professionals (accountants, tax specialists, lawyers, financial advisers) who need to understand the complex and rapidly-changing rules.
“Well-considered and thorough.” – TAXline review of earlier edition
Contents (in brief)
The tax benefits of registration
Contributions and input
The lifetime allowance
Taxation of member benefits
Transfers and refunds
Pension scheme lump sums and authorised payments
Investments
International aspects and the lifetime allowance
Death benefits and inheritance tax
Transitional protection
Employer-financed retirement benefit schemes
New for this edition
Increase of the annual allowance and money purchase annual allowance
Removal of the lifetime allowance excess tax charge
Modifications to transitional protection rules
Amended rules re lifetime allowance excess lump sum and serious ill-health lump sum
Amended rules re lump sum protection
Clarification and update re treatment of certain death benefits
Updated commentary on the practical issues arising re small pension pots
First authorisation of a collective defined contribution (CDC) scheme
Amended rules from April 2023 for transfers to a qualifying recognised overseas pension scheme
Expanded commentary on periods of non-residence
Updated commentary re potential use of employer-financed retirement benefit schemes