Find out what’s happening at Sackers. Our News section provides information about recent work, press comment and media coverage, and what our people are doing.
Introduction Alongside the introduction of a new single tier state pension, contracting-out on a DB basis will come to an end with effect from 6 April 2016. In preparation for this, regulations to preserve certain contracted-out rights...
Introduction On 15 July 2015, the Government published its Summer Finance Bill (“the Bill”) with a view to introducing a number of provisions that were announced by the Chancellor in his Summer Budget. In this Alert Key points...
Introduction In the first Conservative Budget since 1996, the Chancellor of the Exchequer has again turned his attention to pensions. In this Alert Key points Reduction of the AA for high earners Consultation on pensions tax relief Pension...
Introduction With a week to go before the General Election, representatives of all political parties are criss-crossing the country in search of votes. But with polls too close to call, it is virtually impossible to know how the pensions...
Introduction The Finance Act 2015 received Royal Assent on 26 March 2015. The Act extends the new rules for taxing pensions and lump sums on death, as announced in the Autumn Statement 2014. In this Alert Key points Background Annuities...
Introduction George Osborne, the Chancellor of the Exchequer, used the last Budget of this Parliament to extend the new DC retirement freedoms to around 5 million people who have already bought an annuity. The other pensions headline is...
Background On 12 February 2015, TPR published a consultation on guidance for trustees of DB schemes on member requests for transfers from DB to DC schemes. Among other things, the draft guidance aims to: help trustees ensure they have...
