SOCIAL SECURITY BENEFITS/PENSIONS – STATE BENEFITS Synopsis: If you think that you can now obtain a BR19 projection based on the single state pension tier system, then think again. There may be a new booklet explaining the state pension statement, but there are no new numbers yet. Date posted: Wednesday, May 28, 2014 You might […]
WILLS/WILL TRUSTS Synopsis: The Solicitors Regulation Authority has published new guidance on the drafting of wills. Date posted: Thursday, May 22, 2014 The Solicitors Regulation Authority (SRA) has published new guidance on the drafting of wills. The guidance reflects the results of a research project carried out in 2011 which was jointly funded by the […]
PENSIONS – SIMPLIFIED TAX REGIME Synopsis: A fixed protection 2014 reminder Date posted: Monday, March 31, 2014 Fixed Protection 2014 elections will need to made this week (w/c 31/3/14) and no later than Saturday 5th April 2014. To apply on line here. Alternatively, if you are applying by post, applications must be received at HMRC […]
PENSIONS – PENSION REFORM 2014/15 Synopsis: Government announce relaxation to rules on timings of drawing PCLS with pension income Steve Webb has announced that the government is to change the current rules that require the income from a pension to be taken within 6 months of the pension commencement lump sum being drawn. The government […]
BUDGET 2014 Synopsis: Weekend newspapers carry headlines of mass pension fund withdrawal to fund buy to let pension alternative Date posted: Monday, March 24, 2014 The proposed April 2015 relaxation permitting unrestricted pension fund drawdown to all regardless of ‘pot size’ has carried some predictions of a flood of requests from ‘pension disaffected retirees’ to […]
PENSIONS – AUTOMATIC ENROLMENT Synopsis: This Library Document sets out the requirements to be met to be a qualifying pension scheme to be used for automatic enrolment purposes. Last Reviewed: Thursday, November 28, 2013 IMPORTANT GUIDANCE When reading a topic in the Information Library you should always click the “Related Bulletins” button within that topic […]
Estate Planner The government’s reforms to long term care, elements of which are supposed to take effect in 2015, included provisions requiring local authorities to collect care home charges via a ‘deferred loan scheme’ from the sale of a property after the owner’s death. Now a consultation document suggests that this will only apply if […]
