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For financial advisers - compiled by our team of experts, qualified in pensions, taxation, trusts and wealth transfer.

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  • Continuing the family relationship after death of a client The death of a client is not the end of the advice journey. In many ways, it marks the beginning of one of the most complex, emotionally charged and administratively demanding periods a family…
  • Pension investment - property Registered pension schemes can (in theory at least) invest in property, including land, either in the UK or overseas Registered pension schemes do not pay tax on rental income and capital…
  • COVID-19: Government support and the impact on auto-enrolment and pension funding The Government has introduced several packages to help businesses through the current economic difficulties created by the coronavirus pandemic. Of particular interest to advisers are the…
  • Compensation Schemes PPF, FAS and FCF protect members’ pension rights within underfunded occupational schemes in case of employer insolvency or fraudulent activity Not all occupational schemes qualify - specific…
  • Individual protection There are two forms of individual protection - IP2014 and IP2016. These were introduced to provide protection against reductions in the lifetime allowance (LTA) and reduce exposure to LTA…
  • Annual allowance The annual allowance is a limit on the amount that can be saved into a pension each tax year with tax breaks The standard annual allowance is currently £60,000 Individual, third-party,…
  • Enhanced protection Introduced in 2006 to provide full protection against 'lifetime allowance' (LTA) tax charges regardless of the size of pension fund. These charges no longer apply Tax-free cash rights could…
  • Pension transfers - DC to DC Some schemes have limited retirement and death benefit options – a transfer could give access to all the options Transferring in poor health could lead to IHT if the member dies within…
  • Consolidating pensions Pension consolidation simply means bringing together multiple pension schemes. Consolidation can give clients access to additional retirement and death benefit options which are not available…
  • Fixed protection Introduced to provide protection against reductions in the lifetime allowance (LTA) and reduce exposure to LTA tax charges There are three versions. Each provided a higher LTA than the standard…
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