The Small Self Administered Scheme (SSAS) market looks set for a resurgence, with two major benefits. The removal of Protected Rights benefits from this tax year will level the playing field for SSASs with the more popular Self Invested Personal Pension (SIPP). Up until recently, the inability to hold Protected Rights has proved a stumbling […]

A new variation of life cover is available for certain, eligible individuals. ‘Relevant Life’ is a tax efficient arrangement which, if satisfying certain conditions, benefits from a tax favoured treatment of premiums and benefits. These premiums to a qualifying policy will be tax deductible for the Employer and will not be assessable on the employee […]

With a continual stream of negativity surrounding pensions, and recent legislation only limiting what a government clearly sees as already generous tax-relief concessions, many pension holders would be forgiven for missing several positive changes that will allow those aged over 55 to gain more control and flexibility over when and how they use their retirement savings. First […]

Whilst many of us will be busy finalising contributions to ensure 2011/12 ISA limits are utilised, those with young children may wish to consider the recent change to child savings. Junior ISAs are set up in the child’s name by a parent or guardian and available to each child in the family each tax year. […]

With the tax-payer already squeezed, experts are warning pension holders that they might be in line for some amending of pension rules in order to raise additional tax revenue come next month’s Budget. Whilst the Lifetime Allowance will already reduce to £1.5million from its present £1.8million in April, the Exchequer may also look to trim […]

The Government has finally decided to make changes to Protected Rights by abolishing some forms of contracting out. This will aid and simplify the pensions system and offer important opportunities for pension holders. These significant changes come into effect from the new tax year in April for pensions built up on a defined contribution basis […]