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 The joint HMT / HMRC consultation (published on 30 November 2010 ) on “Options for meeting high annual allowance charges from pension benefits” (the Consultation), sets out two broad options (aimed primarily at DB schemes)...
Introduction The New Year brings with it the introduction of new tax measures for pension schemes. But with 6 April 2011 fast approaching, some schemes may still need to contend with the ‘old’ tax changes. In the first of a series of...
Introduction When the Government published its final plans for restricting pensions tax relief on 14 October 20101, the headline issue was the significant reduction in the AA from £255,000 to £50,000 from the tax year 2011/12. However,...
Introduction Section 251 of the PA04 has been troubling both trustees and employers. It appears to prevent a payment being made to an employer out of scheme assets unless, before 6 April 2011, an appropriate trustee resolution has been...
Introduction The Government has today published its final plans for the restriction of pensions tax relief. In a move which will come as a relief to many DB scheme members, the revised AA has been set at £50,000 – higher than...
Background From April 2011, the Government’s intention is that tax relief on pension savings should be reformed – to reduce the complexity introduced by the former Labour Government’s plans for restricting pensions tax relief,...
Introduction The pensions industry breathed a collective sigh of relief when A-Day (6 April 2006) came and went, and the world did not end. Since then, transitional arrangements have lurked beneath the surface of the pensions world keeping...
