The government is consulting until 21 October 2015 on three main options for capping excessive early exit charges for pension withdrawals and transfers under the new flexible arrangements, which include: (1) capping all early exit fees; (2) flexible capping; or (3) a voluntary approach by the ind
Pension schemes: charge to tax on loss of approval
Following consultation, the government has decided to allow peer-to-peer loans to be held in ISAs from 6 April 2016 and intends to publish draft legislation for technical consultation later this year, with a view to legislating to allow peer-to-peer loans to be held in an ISA from 6 April 2016.
The government is consulting until 30 September 2015 on whether to allow debt and equity securities offered via crowdfunding platforms to be qualifying investments for ISAs. See www.bit.ly/1KWgaCp.
The government is consulting until 30 September 2015 on whether there is a case for reforming the current system of pensions tax relief.
This note provides draft guidance on the transitional rules, applying from 8 July 2015, to align pension input periods with the tax year by April 2016.
The Pensions Act 2014 (Commencement No.
The Individual Savings Account (Amendment No 4) Regulations, SI 2015/1370, extend the list of qualifying ISA investments with effect from 1 July 2015 to include securities issued by co-operative and community benefit societies and other securities traded on a recognised stock exchange in the EEA.
Robert Waterson (RPC) reviews guidance from the Court of Appeal on the meaning of ‘sham’.
Thomas Dalby (Gabelle) answers a query about an employee share scheme for a company that had been sold to a private equity house.