Displaying items by tag: HMRC
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HMRC has reported that £2.3bn was withdrawn from pensions flexibly in Q2 - a 17% fall year-on-year from the £2.8 billion seen in Q2 2019.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
The Government is to include financial advisers in its sweeping review of the tax advice market.
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.
Nearly 1m miss tax return deadline and face fines
HMRC says that a ‘record breaking’ 11.1m taxpayers beat the 31 January tax return deadline but 958,000 still missed the cut off date.
Pension savers overtaxed by £535m since 2015
Pension freedoms withdrawals pass £30bn
HMRC staff disciplined for computer misuse
Pension savers lose out in £600m ‘tax grab’
