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Annual Allowance
Pensions
We already knew from Budget 2012 that legislation would be introduced in the Finance Bill 2013 to remove the tax and NICs advantages of an employer paying a part of an employee’s remuneration into a family member’s pension pot. At Budget 2012, the report stated that ‘technical improvements will also be made to the annual [...]
HMRC Speeds Up, DWP Pensions Survey 2012, DWP – ‘Reinvigorating Workplace Pensions’, Trivial Commutation Tax Code Changes, RTI – ‘Penalties’ Revealed, Employment-Related Shares and Securities, Advisory Fuel Rates – December 2012 and HMRC and Tax Agents
This week’s Newsletter has a strong pensions feel about it. Though I do recognise that the topic is not regarded with the importance it deserves, both professionally and personally, pensions are something that will affect us all at some time or other in our lives, so I would encourage you to read the articles. This [...]
Budget 2012 – Pensions
Automatic Review of State Pension Age (SPa) Recent legislative changes have seen increases to the State Pension age from the familiar 65 for men and 60 for women. The current legislative position is as follows: SPa will be equalised at 65 for men and women by November 2018 (Pensions Act 1995, amended by Pensions Act [...]
