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
Court of Appeal ruling re registration requirement.
Expanded list of DOTAS hallmarks
New legislative framework for collective money purchase benefits schemes (defined contribution schemes)
Uncoupling of lower limits for qualifying earnings and for NIC
Updated figures for pension credits
Possible areas for reform of pension tax relief
Proposals for top-up payments for low-earning individuals
Freezing of lifetime allowance
Re-working (for greater clarity) of benefit crystallisation events
FA 2022 changes re normal minimum pension age
New statutory pension transfer safeguards
Exclusions from “permitted transfers” (re loss of enhanced protection)
List of HMRC guidance re VAT and occupational pension schemes
Short new section on climate change obligations
Short additional commentary re income from pensions held overseas
Expanded coverage of benefits of excepted group life policies