PENSION-SCHEMES

Penny Cogher (Irwin Mitchell) examines the extension of IHT to pension funds from April 2027, including the new concept of ‘notional pension property’, expanded liability for tax, and the significant practical and administrative challenges for PRs, schemes and beneficiaries.

Scheme sanction charges on pension scheme trustee company unauthorised payments

Edward Hardy

Helen Coward

Helen Coward and Edward Hardy (Simmons & Simmons) examine a recent FTT decision on SDLT, property investment partnerships and the anti-avoidance rule in s 75A.

Sam Inkersole

Family investment companies, discretionary trusts, growth shares, offshore bonds... Sam Inkersole (BKL) considers what can be done within the current rules to pass wealth to the next generation and ultimately shield it from IHT.

Discovery assessment on pension scheme charges upheld: L Trachtenberg v HMRC [2024] UKFTT 376 (TC) (9 May) involves another challenge to the scope of the discovery provisions, this time concerning pension scheme unauthorised payments charges...

Follower notices and penalties: R Baker v HMRC [2024] UKFTT 126 (TC) (6 February 2024) is the second case in which the tribunal has allowed appeals against penalties under the follower notice regime arising from the taxpayer participating in a scheme...

CA decides payments facilitating increased pension contributions were taxable.

Rhys Thomas

Rhys Thomas (KPMG) explains how careful planning leaves a lot of scope for tax-efficient pension savings.

John Hayward

Pensions tax expert John Hayward comments on the latest proposals on pensions tax relief.

Macklin v HMRC concerned where a pension plan was established for the purpose of double tax treaty relief. Jonathan Schwarz (Temple Tax Chambers) considers the case and its implications

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