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Pensions

Should changes be made?

Can a UK company employee sacrifice salary for a retirement pot while abroad?

Basic rules of relief for personal pension contributions

ISA rules

The Individual Savings Account (ISA) (Amendment No 4) Regulations 2015/1370 and the Child Trust Fund (CTF) (Amendment No 3) Regulations 2015/1371 have been made and will come into force on 1 July.

The Revenue has suspended its notification list of qualifying recognised overseas pension schemes (QROPS), after discovering the inclusion of schemes that do not meet the pension age test.

Government plans to reduce administrative costs to business by £10bn will fail unless the complexity of the tax code is tackled, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned.

Two of the UK’s three longest Finance Acts were enacted in the previous parliament, the ICAEW notes in a letter to the chancellor of the exchequer, George Osborne, while calling for a “one in, two out” principle to apply to tax laws.

How to terminate a partnership’s unfunded and unapproved pension scheme

Calculating the tax-free payment from a SIPP that holds commercial property

The Pensions Regulator has announced plans for a new auto-enrolment solution to help employers that currently use HMRC’s basic PAYE tools.

The proposals, set out in a consultation document, explain how pensions officials would prefer for employers to buy appropriate payroll software, rather than rely on the Revenue’s free offering, which will not be updated to provide automatic enrolment functionality.

Pension contributions can benefit low-earning taxpayers

American tax implications of the 25% tax-free lump sum element of a UK pension

The Pensions Regulator has launched step-by-step guide to help small firms prepare for automatic enrolment.

The online service, which has been created for employers with up to 50 employees, explains how to complete key tasks including providing a point of contact for the regulator, checking who needs to be enrolled, and creating a plan of action.

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