Tax

Does your scheme always pay?

Rebecca Peet

High earners hit by the tapered annual allowance may be liable to pay some or all of their tax charge from savings – could voluntary scheme pays be the answer? Read More

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When delays can be taxing … the 5 April deadline

Angela Stafford

No matter how good your scheme administration is, slip-ups can happen for a variety of reasons – human error, member misunderstanding, general administrative delays – but with the end of the tax year looming, the consequences of a mistake, particularly relating to DC contributions, can be much more significant.  The annual allowance rules are increasingly Read More

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Can’t pay? Have to pay – correcting underpaid lump sums

Helen Powell

It’s not uncommon for a pension scheme to discover that a mistake has led to a pension being put into payment at less than the correct amount. There are helpful regulations to deal with payment of pension arrears, and plenty of industry experience of dealing with this kind of problem. What trustees can’t easily do, Read More

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Protected lump sums: practical issues for trustees and administrators

Helen Powell

The pension freedoms have created particular risks and hurdles for members with protected lump sum rights. In some cases, members may not be able to take their rights in the form they would prefer, except with assistance from trustees or other members. Read More

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A Decade of Non-Stop Simplification

Helen Powell

6 April 2016 marks the 10-year anniversary of ‘A-Day’, the start date of the new regime of pensions tax simplification. How is that working out for you? Read More

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