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RPI; Child trust funds; Trusts newsletter; Tax credit guide; Professional bodies; ROPS
RPI
The retail prices index for August 2015 is 259.8.
Child trust funds
HMRC have launched a consultation on removing the legislative requirement that child trust fund accounts should be subject to lifestyling. Comments are requested by 14 December 2015.
Trusts newsletter
The September edition of HMRC’s Trusts and estates newsletter is available. It includes articles on Finance Bill 2015/16 measures, such as the residence nil rate band, IHT online, and form IHT403 and the “normal out of income exemption”.
Tax credit guide
The Low Incomes Tax Reform Group has produced guidance and a reference table to help claimants see how they will be affected by changes to tax credits in 2016.
Professional bodies
The list of approved professional organisations with tax-deductible fees has been updated to include the Council for the Advancement of Communication with Deaf People.
ROPS
The list of recognised overseas pension schemes (ROPS) notifications has been updated with 13 new schemes.
