John Hayward Pension Consultant looks at the amendments in the Finance Act 2005 to the simplified pensions regime starting next year
Ever since the legislation governing the new tax regime for pension schemes was published in last year's Finance Bill there have been continuous discussions between the pensions industry and what has now become HM Revenue and Customs (HMRC) regarding the interpretation of the legislation and also lobbying for further changes. Much to its credit HMRC has kept to its promise to clarify the legislation where appropriate and import changes resulting from successful lobbying with the amendments that have appeared in FA 2005 Schedule 10 (to which I shall refer in the remainder of this article simply by their paragraph number and which amend FA 2004...
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John Hayward Pension Consultant looks at the amendments in the Finance Act 2005 to the simplified pensions regime starting next year
Ever since the legislation governing the new tax regime for pension schemes was published in last year's Finance Bill there have been continuous discussions between the pensions industry and what has now become HM Revenue and Customs (HMRC) regarding the interpretation of the legislation and also lobbying for further changes. Much to its credit HMRC has kept to its promise to clarify the legislation where appropriate and import changes resulting from successful lobbying with the amendments that have appeared in FA 2005 Schedule 10 (to which I shall refer in the remainder of this article simply by their paragraph number and which amend FA 2004...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
