News Archive
March 2012
Lifetime Allowance and Fixed Protection Issues
Mar 2012 Elaine ForbesWith effect from 6 April 2012, the lifetime allowance (LTA) will reduce from £1.8m to £1.5m. Members can protect themselves against this change by applying to HMRC for Fixed Protection by 5 April 2012 but if they do so, they have to ensure relevant accrual doesn’t occur under any pension scheme otherwise this protection is lost.
Automatic Enrolment Update
Mar 2012 Amy AshfordWithin this article we set out some of the main points to come out of recent publications concerning Automatic Enrolment.
The Foreign Account Tax Compliance Act
Mar 2012 Megan GreenThe Foreign Account Tax Compliance Act (FATCA) introduced in 2010 by the US Treasury aims to reduce the rate of tax avoidance by US taxpayers operating abroad.
TPR issues Financial Support Direction against ITV
Mar 2012 Leonie JonesThe Pensions Regulator issued a financial support direction (FSD) requiring ITV to provide support to the Boxclever Group Pension Scheme. This is only the fourth time the regulator has issued a FSD but only time will tell if the appeal court upholds the decision to allow for such an action to be enforceable.
