News

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.

Latest News

Spring Budget 2023 – the AA set to rise and the LTA to be swept away

Introduction Rumours of changes to pensions tax were rife in the run-up to this year’s Spring Budget, and many were on the money. Aiming to help ensure that “high skilled individuals such as NHS clinicians are not disincentivised from...

Increasing the NMPA

Introduction On 20 July 2021, the Government published a consultation on draft clauses for the Finance Bill 2021-22. Among these are clauses which will increase the normal minimum pension age (“NMPA”) for the purposes of pensions tax....

Budget Day 2021

Introduction Rishi Sunak delivered his much trailed second Budget today. Much of his focus was of course on helping the economy bounce back in these “unprecedented” times, by protecting jobs and livelihoods. Measures designed to...

PASA publishes GMP equalisation tax guidance

Introduction The latest addition to PASA’s suite of GMP equalisation guidance notes was published yesterday, the highly anticipated tax guidance (“the Guidance”). Click here for a PDF of this Alert. In this Alert Key points...

Budget Day 2020

Introduction After only a few weeks in the job, the Chancellor, Rishi Sunak, today delivered his first Budget. Whilst much of his focus was on shoring up the NHS, the economy, and business during unprecedented times, key changes to the...

HMRC releases GMP equalisation tax guidance

Introduction On 20 February 2020, HMRC released long-awaited guidance (“the Guidance”) on some of the pensions tax issues arising when equalising benefits for the effect of GMPs. The Guidance focuses specifically on the so-called...

HMRC issues updated VAT guidance

Introduction After a long wait, HMRC has revised its internal VAT manual to make clear that the VAT treatment for professional fund management costs outlined in Notice 700/17 (the so-called 70/30 recovery method) will no longer be...