Information about the reform of the State Pension system and State Pension sharing on divorce and nullity (including overseas proceedings) and on the dissolution and annulment of a civil partnership (including overseas proceedings) for people reaching State Pension age from 6 April 2016. Click here to read all the details in our PDF.
SOCIAL SECURITY BENEFITS/STATE BENEFITS Synopsis: DWP publishes guidance on State Pension sharing from 6 April 2016. The Department of Work and Pensions (DWP) has recently published guidance on State Pension sharing will work in the light of the new Single-tier State Pension rules being introduced from 6 April 2016. The information is aimed at legal […]
TRANSITIONAL PROTECTION Synopsis: Detailed provision for Fixed & Individual Protection published. In line with the publication of the draft clauses of the Finance Bill 2016 the government has published detailed provision on the reduction of the Lifetime Allowance and the 2 new layers of transitional protection. The reduction in the lifetime allowance affects those who could have pension wealth […]
Income protection insurance is a long-term insurance policy to help you if you cannot work because illness or long term injury. It potentially replaces part of your income if you cannot work because you have become ill or disabled, normally 50% – 75% of income. It pays out until you can start working again, or until […]
TAXATION OF UK TRUSTS/UK TRUST TAXATION Synopsis: HMRC have confirmed the rate of tax which will apply to dividends falling within a trust’s standard rate band. In our earlier Bulletin we stated that, in the absence of any draft Finance Bill clause information, HMRC had confirmed that the dividend rate of tax for trusts would be 38.1% […]
AUTOMATIC ENROLMENT Synopsis: As a result of on-going testing and contingency planning an emergency pause facility has been put in place. The National Audit Office has published a report which says that as a last resort an ’emergency pause’ procedure has been put in place that can apply if automatic enrolment is unable to cope […]
TRANSITIONAL PROTECTION Synopsis: Detailed provision for Fixed & Individual Protection published. In line with the publication of the draft clauses of the Finance Bill 2016 the government has published detailed provision on the reduction of the Lifetime Allowance and the 2 new layers of transitional protection. The reduction in the lifetime allowance affects those who could have pension wealth […]
This flow chart helps you work out out what is likely to happen to your wealth upon death without a will. Opus Gold finance currently have a limited offer: If you decide to use our services to set up Auto Enrolment we are also offering a low cost professional will writing service for you and […]
Workplace Pensions AKA Auto Enrolment is the finance industries hot topic for 2016. You may have seen the TV and print adds (featuring a rather cute furry monster – shown below) and employers should have also had a letter from The Pensions Regulator (TPR) about the employer duties too. Not sure what to do next, […]
Please find attached the latest quarterly fund fact sheets on the Default investment option (up to 85% shares) and the other pension fund options within the scheme. Peoples Pension Fund Fact Sheet Cash Fund Peoples Pension Fund Fact Sheet Ethical Fund Peoples Pension Fund Fact Sheet Pre Retirement Fund Peoples Pension Fund Fact Sheet Shariar […]
