UK Adviser
Phoenix prevents 8m theft pension liberation
Jersey-headquartered life insurer, Phoenix Group, said potential fraudsters attempted to steal £8m of clients’ pension savings last year.
Tax & Regulation | 19 Mar 15
HMRC to introduce strict liability offence
HM Revenue & Customs plans to introduce a new strict liability criminal offence on both offshore tax evaders and those who help them following the UK Governments clampdown on tax dodging in yesterdays Budget.
Retirement | 18 Mar 15
Tax free lifetime allowance cut to £1m
The UK government is planning to cut the lifetime limit for tax-free pension saving to £1m from £1.25m, along with a series of measures designed to trigger a savings revolution.
Liechtenstein Disclosure Facility to end early
The UK Government has announced in todays Budget that it will close the Liechtenstein Disclosure Facility (LDF) half a year earlier than expected in order to make room for a tougher disclosure facility.
Retirement | 18 Mar 15
The UK govt creates secondary annuities market
The UK government will remove tax restrictions on people who want to sell the income stream from an existing annuity from 6 April next year, effectively giving them similar freedoms as those soon to be enjoyed by those in defined contribution savings plans.