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.
Background On 13 July 2026, HMRC issued “draft tax legislation”, together with a policy paper, aimed at allowing occupational defined benefit (“DB”) registered pension schemes to make one-off discretionary payments of scheme...
Most unused pension funds and death benefits payable from a pension scheme will fall within a person’s estate for inheritance tax purposes in respect of deaths on or after 6 April 2027. In this hot topic, we consider the key changes...
Following the publication of a policy paper announcing a change to VAT deduction on the management of DB pension funds in June 2025, HMRC has now revised its VAT Manual (“the Manual”) to explain the position in more detail. In this hot...
Introduction The National Insurance Contributions (Employer Pensions Contributions) Act 2026 has today received Royal Assent. As announced at the Autumn Budget 2025, it lays the groundwork for a new cap on the tax concessions available on...
Introduction The Finance Act 2026 received Royal Assent on 18 March 2026, containing provisions to change the IHT treatment of unused pension funds and death benefits from 6 April 2027. Click here for a PDF of this Alert. In this Alert Key...
There’s been a lot of media attention on the Government’s proposals to include unused pension funds and death benefits in the scope of Inheritance Tax (IHT) starting from 6 April 2027. So, where do these proposals currently stand...
Introduction Perhaps wishing to tidy up some loose ends before the summer break, HMRC has published a response to its recent consultation on IHT, alongside a policy paper and draft legislation. Download a PDF of this Alert. In this Alert...
Introduction Just before the LTA’s removal on 6 April 2024 (“LTA-Day”), HMRC issued Newsletter 158 warning that certain members may wish to delay transferring or taking benefits pending regulations to fix issues in the tax...
