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Introduction On 6 August 2014, HMRC published for consultation draft guidance and legislation which will implement the changes to the pension tax rules announced in the Budget 2014 (please see our Alert for details). In this Alert:...
Introduction Published alongside the 2014 Budget, HMT’s consultation “Freedom and choice in pensions” proposed a general overhaul of the tax rules relating to DC benefits, with the intention of giving individuals greater flexibility...
Introduction The Finance Act 2014, which received Royal Assent on 17 July 2014, introduces measures to put in place certain changes announced in this year’s Budget. The changes to DC decumulation which are due to come into force in...
Introduction Last week, the Government published its response to the consultation on “Reshaping workplace pensions for future generations” (see our Alert) and a new Pension Schemes Bill (the “Bill”). The main purpose of the...
Introduction The Pensions Act 2014 (“the Act”) received Royal Assent on 14 May 2014. While its main purpose is to implement the new single tier State pension, it also contains several key measures for occupational pension...
Introduction Certain changes are being introduced with effect from 27 March 2014 to give greater flexibility for both DB and DC members now ahead of more radical changes from April 2015. The 2015 changes to the rules on the use of...
Background The DWP consultation on reshaping workplace pensions for future generationsseeks views on the Government’s proposals for alternatives to the traditional DB and DC models of pension provision, in the form of “defined...
