Displaying items by tag: HMRC
Pension system 'may be failing self-employed'
New private pension figures published by HMRC have revealed that the number of self-employed people contributing to a personal pension climbed to 340,000 in 2021-22, up from 330,000 the previous year.
Surge in trust registrations expected ahead of September deadline
A surge in the registration of new and existing trusts with HMRC is expected ahead of the deadline of 1 September.
4 in 10 high earners shun ISAs says AJ Bell
The latest data from HMRC reveals an “astonishing” 40% of high earners failed to take out an ISA in the 2018/19 tax year.
Pension savers withdraw £9.4bn in 2020
Elaine Turtle: Staveley case highlights advice need
It seems as if the SIPP sector has been waiting for the judgments on a number of court cases in recent years. As we get clarity on one, we still await another and these can have implications for not only how a SIPP firm operates, but on advisers and their clients.
Pension withdrawals fall 17% as savers show caution
HMRC has reported that £2.3bn was withdrawn from pensions flexibly in Q2 - a 17% fall year-on-year from the £2.8 billion seen in Q2 2019.
Elaine Turtle: The in-specie question nears a solution
The recent judgment in the HMRC v SIPPchoice case, published in May, was in relation to tax relief on in-specie contributions. This case has been ongoing for a number of years and it would appear that we finally have resolution.
Govt to include advisers in tax advice review
Moret: 30 years on and SIPP's key issues still 'unresolved'
It may have escaped your notice but the end of February marks the 30th anniversary of the first SIPP being established.