With the rules for Isas growing ever more complicated, with new types of Isa and new features, our technical team are here to help you navigate the maze of rules
Understanding the complex rules for on-shore and off-shore investment bonds and how they integrate with UK tax is essential. Our technical team are here to give you the low-down on the full range of investment bonds and the advantages they may offer your clients.
`Trusts are an effective way of managing assets, enabling clients to control and protect family assets, and to pass on assets in the most tax-efficient manner. Our technical team can help you understand the technical aspects of trusts.
In depth: defined benefit transfer advice
Nucleus hosted an illuminate roundtable debate in late November 2017 to discuss the DB transfer market and how advisers should approach DB transfer advice. The panel consisted of:
Claire Trott, head of pensions strategy, Technical Connection
Tim Eadon, Director, Tuto Associates
Matthew Connell, Director of policy and engagement, Personal Finance Society
Rachel Vahey, Product technical manager, Nucleus
Mike Seddon, Managing director, Grayside Financial Services
Product technical team
Jon Gwinnett – senior product technical manager
Ali Sturgeon – senior product technician
Charlotte MacDonald – product technician
Lindsay Mclean – product technician
Keith Symon – product technician
This section discusses the rules when pension scheme members die.
From age 55, individuals can withdraw as much of their pension benefits as they want, whenever they want.
Pensions and age 75
This factsheet outlines the key changes that take place at age 75, impacting pension planning and highlights areas where a review and action may be suitable.
This option allows individuals to take their pension commencement lump sums and keep their remaining funds invested
Ill health and early retirement
This factsheet examines the options people have to take some or all of their pension benefits when they need to stop working due to ill health
Tax on lump sum pension payments
If pension providers don’t have a tax code for an individual, any lump sum payments will be subject to ‘emergency tax’ rates
Isas are a key part of a client’s financial planning.
The single-tier state pension
The single-tier state pension was introduced in April 2016 for all those who retired after this date
This section discusses how much individuals can pay into pensions and receive tax relief
Defined benefits and the MPAA
This factsheet explains how the money purchase annual allowance (MPAA) affects defined benefits pension savings.
Pension input periods in 2015
Special rules were introduced creating two pension input periods for 2015
Tapered annual allowance
The annual allowance is set at £40,000 each tax year. If contributions are over this limit, there will be a charge on the excess.
Carry forward of unused annual allowance
Individuals can carry forward unused annual allowance to offset against bigger contributions
Pensions and Scottish rates of income tax
The possible implications for pensions of a different income tax structure for Scottish residents
This section discusses how much individuals can withdraw from their pensions and the protections introduced.
The lifetime allowance
An overview of the rules of how much an individual can withdraw from their pension schemes
Enhanced and primary protections
Primary and enhanced protection were introduced in 2006 to help individuals protect their benefits from the new lifetime allowance
Protections from 2012
Fixed and individual protections were introduced to help individuals protect their benefits from falls in the lifetime allowance
Information on tax-year-end investments.
What you need to know about tax
Tax and income for the tax year end
This factsheet highlights tax planning points in relations to tax and income for the tax year end.
Tax efficient investments for tax year end
In this factsheet we consider a range of planning points in relation to tax wrappers and tax-efficient investments for the tax year end.
Isas are a key part of a client’s financial planning.
Isa and tax year end
In this factsheet, we look at things to think about for the tax year end in relation to Isas in the approach to the tax year end 2018-19.
A Junior Isa (Jisa) is a medium to long term tax-free savings and investment account for children.
Additional permitted subscriptions
This factsheet gives more information about how additional permitted subscriptions (APSs) work on the death of an Isa account holder
There are key differences between onshore and offshore bonds, meaning they may be more appropriate for different types of investor.
Offshore vs onshore
There are key differences between onshore and offshore bonds, meaning they may be more appropriate for different types of investor
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