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Barnett Waddingham
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Blog: SSAS

A New Year's resolution: be ‘Scam Smart’ in 2019!

Two years on from the government’s announcement that it intended to ban pensions cold-calling in order to end the appropriation of millions of pounds of people’s pension funds by scammers, the regulations introducing the ban have finally been approved by Parliament, and took effect from 9 January 2019.

Cascading pension death benefits without the probate wait

Tucked away in the 2018 Autumn Budget, you’d be forgiven for missing the relatively unnoticed amendment to probate fees. We’ve covered the most pressing matters for clients on the treatment of pension death benefits.

All change, please! The FCA’s ‘one size fits all’ solution to harmful retirement outcomes

In June, the FCA published their “Retirement Outcomes Review – Final Report”, which followed from the Interim Report they issued last year. Their Report was accompanied by a Consultation Paper, entitled “Proposed changes to our rules and guidance”.

Will the pensions cold-calling ban be introduced before Brexit?

HM Treasury’s Open Consultation on Pension Scams was published on 5 December 2016. Amongst other things, it proposed that all cold-calls to consumers regarding pensions should be banned; potentially including e-mails and texts.

AA & carry forward - use it or lose it

Nilesh Shah, Associate, outlines the need to utilise any unused annual allowance before it is too late.

Devolution now: taxation powers in Scotland and Wales

Devolution is adding new layers of complexity to pensions, creating confusion, questions and cost.

How to prevent penalties for sole trustee SSASs and FURBS

Clients who act as sole trustee to their SSAS or FURBS are unknowingly storing up potential problems for their families after their death, which could easily be avoided by some simple planning now.

FSCS funding consultation: new levies on pension providers

A FCA consultation proposed expanding the pool from which the FSCS draws the funds it uses to pay compensation. It proposed that 25% of the levy on financial advisers be paid by the providers of pension products. Results are in… providers to pay!

Death and SSASs

SSAS Client Manager; Lisa White, explains how spending a few moments thinking about your circumstances, could save taxes being imposed on your pension savings in the future.

Six Scottish tax rates offer little source of relief

Recently, HMRC released papers that reference 'relief at source' and the 'Scottish rate of income tax'. Both interrelated with each other, we explore the changes and the six Scottish tiers of income tax.

Author

Nick Griggs (64) Kim Durniat (62) Scott Eason (47) Malcolm McLean (44) Cherry Chan (39)

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