in specie
Displaying items by tag: in specie
Friday, 18 September 2020 13:21
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.
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Thursday, 30 July 2020 07:28
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.
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Monday, 28 August 2017 16:07
James Jones-Tinsley: Why we should look back in anger at MPAA
Regular readers may recall my Blog from last October, entitled “Cart before horse nonsense has to stop”, in which I berated the time it was taking to get legislation through Parliament, ratifying pension-related changes that had, in effect, already come into force (for example, applying for Fixed Protection 2016).
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Monday, 19 June 2017 11:50
Jones-Tinsley: Who’s going to tell Brenda from Bristol?
When Theresa May called a snap General Election in April, few would have envisaged the outcome resulting in a hung parliament and no Conservative majority.
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Tuesday, 16 May 2017 11:06
Jones-Tinsley: HMRC’s long-winded no to in specie pensions
Regular readers may recall that my blog in November 2016 focused on HMRC unexpectedly challenging SIPP providers on whether net pension contributions could be made in specie, (that is, a change of legal ownership without any sell/buy transactions), and still receive tax relief.
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Thursday, 30 March 2017 11:46
Jones-Tinsley: Closing date looms for Individual Protection 2014
A-Day on 6 April 2006 ushered in a new taxation regime for pensions, under the heading of Pension Simplification (no sniggering at the back, please).
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Thursday, 29 December 2016 16:14
Jones-Tinsley: Pension change a ‘sledgehammer to crack a walnut’
Reduction in the MPAA: a sign of things to come?
Sitting here amidst a post-Christmas lull, whilst tucking into a seventh meal comprised of turkey, my mind naturally drifts to the Autumn Statement consultation about reducing the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 with effect from 6 April 2017.
Sitting here amidst a post-Christmas lull, whilst tucking into a seventh meal comprised of turkey, my mind naturally drifts to the Autumn Statement consultation about reducing the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 with effect from 6 April 2017.
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Tuesday, 22 November 2016 09:43
Jones-Tinsley: What’s the Revenue got against in specie?
During the summer, HMRC unexpectedly began challenging Sipp providers on whether net pension contributions can be made in specie, (that is, a change of legal ownership without sell/buy transactions).
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