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
Jon is product technical manager at Nucleus and supports the customer relations and wrap operations teams on pension matters, maintains oversight of third party pensions processes and assesses the legislative changes in the marketplace.
Ali Sturgeon – senior product technician
Ali is a product technician where she provides support to areas of the business, such as the client relations team and the account management team, on a wide range of product technical matters. She also helps progress change and enhancements to our suite of wrapper products, and supports the regulation and governance of products.
Charlotte MacDonald – product technician
Charlotte is a product technician who joined the technical team in April 2017 from our CRM area. She provides support to all areas of the business on a wide range of technical matters.
“In our industry having the right technical information at your finger tips is a must. The Illuminate Hub already offers the opportunity to assemble knowledge and share information about developing a business. We wanted to build upon this to give financial advisers and paraplanners access to a mass of technical information that’s easy to navigate and understand.
Illuminate Technical is packed full of technical support – factsheets, case studies, videos – all designed to help you understand the technical details of pensions and savings. Because this is the kind of granularity you need to help your clients plan their future.”
David Ferguson, founder and CEO
This section discusses the rules when pension scheme members die.
Explains how pension benefits can be passed on to whoever the member chooses
From age 55, individuals can withdraw as much of their pension benefits as they want, whenever they want.
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
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
Isas are a key part of a client’s financial planning.
This section discusses how much individuals can pay into pensions and receive tax relief
This factsheet explains how the money purchase annual allowance (MPAA) affects defined benefits pension savings.
Special rules were introduced creating two pension input periods for 2015
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.
Individuals can carry forward unused annual allowance to offset against bigger contributions
This section discusses how much individuals can withdraw from their pensions and the protections introduced.
An overview of the rules of how much an individual can withdraw from their pension schemes
Primary and enhanced protection were introduced in 2006 to help individuals protect their benefits from the new lifetime allowance
Information on tax-year-end investments.
Outlines the new rules for advice on pension transfers from defined benefit schemes, as well as considering the questions the new consultation raises.
What you need to know about tax
This factsheet highlights tax planning points in relations to tax and income for the tax year end.
Isas are a key part of a client’s financial planning.
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.
There are key differences between onshore and offshore bonds, meaning they may be more appropriate for different types of investor.
Have you seen illuminate online?
Illuminate online is designed to help you build and share knowledge in areas that are vital to the successful development of your businesses. The online hub is updated daily and includes interactive, motivational learning materials across articles, videos, white papers and events written and shared by experts from across the industry. Contributors include Carl Richards, Lucian Camp, Abraham Okusanya, Mark Polson, Pete Matthew, Steve Bee, Bridget Greenwood, Phil Billingham and many more. You could be one of them.