Transfers to overseas pension schemes are not recognised transfers unless the transfer is to a Qualifying Recognised Overseas Pension Scheme (QROPS).
The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be.
There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA.
In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55.
We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process.
HMRC’s long-awaited service allowing pension scheme members to apply to protect pension savings from the lifetime allowance charge was launched on 28 July 2016.
We've received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply.
We have received lots of queries on the tapered annual allowance and how it impacts different individuals. We thought we’d help by putting together a few case studies to show how it works in practice.
Most individuals age 25 or over on the national minimum wage (NMW) will see their salary increase by 50 pence per hour from 1 April 2016.
On 6 April 2016, the lifetime allowance (LA) will reduce from £1.25 million to £1 million for tax years 2016/17 and 2017/18.