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HMRC publishes updated pensions fact sheets

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • March 24 2009

HMRC has updated the following fact sheets on its website

HMRC publishes draft guidance on inheritance tax and pensions

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • March 24 2009

On 25 February 2009, HMRC published draft guidance on pensions and inheritance tax (IHT) under the "A-Day" rules

HMRC indicates no reduction to pensions in payment in event of deflation

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • March 24 2009

In response to a query from a group chaired by the National Association of Pension Funds, HMRC has indicated that, in most cases, scheme pensions could not be reduced without attracting an unauthorised payments charge in the event of the Retail Prices Index measure becoming negative

HMRC publishes new guidance on tax repayment requests for registered pension schemes

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • April 21 2009

HM Revenue & Customs (HMRC) has detailed changes to the process for making in year repayments of UK tax paid on the investment income of registered pension schemes

The Employer-Financed Retirement Benefits (Excluded Benefits for Tax Purposes) (Amendment) Regulations 2009

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • April 21 2009

The government has introduced draft regulations which extend the range of non-cash benefits exemptions found in the Employer-Financed Retirement Benefits (Excluded Benefits for Tax Purposes) Regulations 2007

The Employer-Financed Retirement Benefits (Excluded Benefits for Tax Purposes) (Amendment) Regulations 2009

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • November 26 2009

On 10 December 2008, HMRC announced that the Government was to implement legislation to exempt from tax the provision of yearly health screening and medical check ups by employers to their employees

HMRC updates online guidance on anti-forestalling and authorised payments

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • November 26 2009

HM Revenue & Customs (HMRC) has published its latest changes to the online Registered Pension Schemes Manual

HMRC publishes draft guidance on high-income excess relief charge

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • May 26 2010

The Finance Act 2010 introduced restrictions on tax relief on registered pension scheme contributions for high-income individuals, effective from 6 April 2011

The Pre-Budget Report

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • December 31 2009

In our pensions update of May 2009, we noted that the Government had announced in the 2009 Budget that, with effect from 6 April 2011, tax relief on pension contributions would be restricted for individuals with an annual income of £150,000 or more

HMRC publishes Pension Schemes Newsletter no. 39

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • January 20 2010

On 29 December 2009, HM Revenue & Customs (HMRC) published no.39 in its series of Pension Scheme Newsletters