Chancellor Philip Hammond has delivered his first Autumn Budget to Parliament. While he was happy to make light of the speech, there isn’t a whole lot of content in the Budget document – particularly relating to financial services.
The increased focus from HM Revenue & Customs (HMRC) on offshore investment, and most recently the release of the "Paradise Papers", has put offshore investing in the spotlight. So what is the current state of play, and what issues do advisers need to consider around what constitutes suitable advice?
For a number of years Form 41G (Trust) was used as the means by which new trusts were notified to HMRC. The form captured information including the trustee’s details, details of any professional agents acting, the governing law of the trust and whether it was created in lifetime or on death by will or intestacy.
The government has decided to press ahead with its decision to reduce the money purchase annual allowance (MPAA) from £10,000 a year to £4,000.
So are there any specific actions that advisers should consider in terms of planning?
Take a look at this month's Technical View to find out.
As the end of the 2016/17 tax year approaches, it's a great time to recap some of the planning opportunities available before the 5 April. We've created a simple but comprehensive checklist considering some aspects you may wish to consider for your UK resident clients.Download the checklist
In this month’s Technical View, Julia takes a look at a number of opportunities that your clients may be able to take advantage of before the new tax year.Technical View January 2017: Your questions answered
For more support with tax year end please take a look the tax year end tab on the platform
Technical View December 2016
2016 has been an interesting year - some might say it was a bit of a shocker. Here's a look ahead at some of the pensions change in store one the next 12 months.Technical View December 2016
Take a look at all the tax announcements from the Autumn Statement.
Click the link below to read the PDF.Autumn Statement tax summary
Read this month's Technical View from Sanlam focusing on the annual allowance ahead of the Autumn Statement.
Read the PDF here Technical View November 2016