The Registered Pension Schemes and Overseas Pension Schemes (Miscellaneous Amendments) Regulations, SI 2012/884, ‘strengthen’ the tax provisions relating to the t
Perminder Gainda looks at a recent decision of the First-tier Tribunal on the application of the principle that interest for individuals is generally taxable when received.
The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order, SI 2012/795, increases to £5,640 with effect from 6 April 2012 the amount that may be subscribed in ISAs offered at the National Savings Bank,
The Social Security (Credits) (Amendment) Regulations, SI 2012/766, make a national insurance credit available on application to people who receive
The Postal Services Act 2011 (Taxation) Regulations, SI 2012/764, are intended to provide a ‘tax neutral’ outcome on the transfer of pension rights from the Royal Mail Pen
HMRC has updated its Enterprise Investment Scheme web pages to reflect a change of address for the Small Company Enterprise Centre and some other, minor amendments.
Members of pension schemes have been urged not to be ‘taken in’ by website promotions and newspaper ads encouraging them to transfer an existing pension to a new arrangement in return for a cash payment.
The Individual Savings Account (Amendment) Regulations, SI 2012/705, increase the ISA annual subscription limits for 2012/13 and subsequent tax years in line with the Consumer Prices Index, as announced at Budget 2011.
Age-related tax allowances, the taxation of savings and ‘convoluted’ PAYE forms have been identified by the Office of Tax Simplification as the areas of the tax system that cause the most problems for pensioners.