Retirement

Retirement | 31 Mar 17

Gibraltar will not drop its rule that 30% of a Qrops fund can be taken tax free despite a widespread industry view that HM Revenue & Customs requires full flexible access for all qualifying schemes.

Best Practice | 31 Mar 17

A staggering 70% of people have no understanding of the new residence nil rate band allowance coming into force on 6 April, which could have serious implications for their inheritance tax planning, warns Old Mutual Wealth financial planning expert, Rachael Griffin.

Best Practice | 30 Mar 17

Pension savers in the UK have up until midnight on 5 April to maximise their contributions to offset this year’s tax bill, says Nathan Long, senior analyst at Hargreaves Lansdown. Here he suggests five ways savers can make the most of their unused allowances.

Europe | 29 Mar 17

The UK government’s move on Wednesday to kick start the official two-year process for leaving the European Union is likely to be a further blow to a Qrops industry still reeling from the shock 25% charge imposed earlier this month.

Retirement | 28 Mar 17

UK advisers remain wary of defined benefit (DB) pension transfers due to the risks associated with challenges to historic advice, research has found. This is despite two thirds of advisers expecting a “big increase” in client enquiries about DB to DC transfers over the next 12 months.