Industry news and views from Panacea and our partners.
Tax, Trust & ISA_
Prudential: Pep up your ISA planning
The ISA has been with us for a little over two decades and is a relatively simple tax wrapper. But financial planning is not simple.
Royal London: Why you should be fussed about trusts
Putting a protection plan in trust could be beneficial for both you and your client
Aviva: Trust us, its simple
Making sure your clients money goes where they want it should be straight-forward. With Aviva, it is. Our trust process is 100% online, signature free and offers guidance throughout.
The Future of Pensions Advice: Part 3 Tax Relief, Annual Allowance and a pair of pension tax tools (87 minutes)
Pension planning is nothing without knowing the tax implications of the advice, which can involve a lot of complex calculations.
Understanding trusts and trustee investment duties (60 minutes)
With more and more people using trusts for lifetime gifting or creating a trust in their will, advising trustees is a key area of financial planning. There may be some similarities with advising individuals but giving advice to trustees is a very different animal.
Protecting a legacy the opportunities available (45 minutes)
In this webinar, our Protection Specialist, Adrian Bates, takes a closer look at the opportunities available to you in the Inheritance Tax Planning (IHT) space and how you can engage with your clients on the benefits of using regular premium life plans.
Lifetime allowance - take it to the limit and beyond (40 minutes)
In this webinar Craig Muir, Senior Development and Technical Manager, explains why the LTA was introduced, how the level has changed over the years and the impact of the 2021 Budget and what this change will mean. He'll also explore what the most encountered BCEs are and the options for paying the LTA tax charge when its due. Youll also hear more about different LTA protection options and the role these can still play in the advice process.
Canada Life: The Pensions Lifetime Allowance
The options advisers have when helping clients who may be faced with a lifetime allowance tax charge.
Canada Life: Understanding pension benefit crystallisation events
Understand the benefit crystallisation events, the lifetime allowance and potential tax charges.
Inheritance Tax and the order of gifting (40 minutes)
What is included in an estate for IHT, the various exemptions that can be used and how it is calculated.
Aegon: An update on the Standard Lifetime Allowance
The Standard Lifetime Allowance freeze presents a range of planning issues. Our analysis could help conversations with clients
FundsNetwork: The annual allowance charge and Scheme Pays requests
Paul Squirrell, FundsNetworks pension expert, takes a step-by-step approach to calculating clients annual allowance charges and explains the two types of Scheme Pays, mandatory and voluntary. He also runs through the process and deadlines for Voluntary Scheme Payments with the FundsNetwork Pension.
Royal London: IHT planning using protection plans
We know that it can be tough to talk about Inheritance Tax (IHT) with your clients, but we have all the tools you need to help support these conversations.
Prudential: Maximising ISA Allowances
The pandemic and the knock on effects on the economy means that investors may be tempted to sit on their savings and do nothing until theres clear signs of improvement.
Royal London: Passing on death benefits
Clare Moffat and Fiona Hanrahan look at the facts behind pension death benefits.
Prudential: Are your clients SKIing?
Whats stopping clients adopting wealth transfer strategies?
Planning for £50,000 tax-free annually
Nobody likes paying tax, but luckily our tax system offers legitimate opportunities to diminish tax payments. Clients can enjoy a substantial level of tax-free income and capital by taking advantage of the various allowances within the tax system and its not that technical.
Increase to the NMPA: a brief examination of the consultation paper
The Government has recently reaffirmed its intention to increase the normal minimum pension age (NMPA) from 55 to 57 from 6 April 2028. Paul Kennedy, FundsNetwork's tax expert, takes a look at some salient points within the consultation paper and makes a few observations.
Pension contributions at tax year end an aide memoire
Our tax and pension experts, Paul Kennedy and Paul Squirrell, take a step-by-step approach to pension contributions from the critical starting point of tax relief. They also discuss carry forward, annual allowances, tapering and what triggers the money purchase annual allowance.
Prudential: Cash is king! Or is it?
According to the Bank of England, 28% of households have seen savings increase in 2020. That could mean they have a cash pile sitting unproductively earning minimal interest.
Planning for tax year end? Your pension planning questions answered
Planning for tax year end? Your pension planning questions answered
FundsNetwork: Financial planning considerations around Pensions, IAs and ISAs
FundsNetwork tax and pensions experts, Paul Kennedy and Paul Squirrell take a look at three tax wrappers Pensions, Investment Accounts and ISAs and discuss important financial planning considerations that surround them at tax year end.
Tax year end prep. Prudential are here to help
Theyve pulled together all of the support from their technical experts to help you, help your clients identify their allowances and provide them with the best possible outcomes. Theyve got a wide range of tools, technical resources and investment solutions available to make your planning job easier.
Royal London: Annual allowance webinar whos afraid of the big bad tax charge?
Join Fiona Hanrahan and Justin Corliss as they host our next webinar - 'Annual allowance - who's afraid of the big bad tax charge?' - on Thursday 21 January at 12pm.
Prudential Tax Year End MOT (Moment of Truth) Webinars
Is your knowledge safe and roadworthy for tax year end? Each tax year end Prudentials technical team get asked a lot of questions about tax and pensions!
The Octopus Online Show: Episode 5
Watch the latest on demand episode of The Octopus Online Show and learn how VCTs, EIS and BPR work. Hear from our in-house experts, three advisers and a compliance expert about tax planning opportunities for three areas of your client bank. Recommended by advisers, heres what they said about this event
Royal London: Learn more about trusts and how they can create better protection outcomes
Join us at 10:30am on Wednesday, 2 December to learn more about trusts and the nomination of beneficiaries. We'll show you how they can help you create better protection outcomes for your clients by ensuring the right money goes into the right hands at the right time.
Curtis Banks: Staveley update
On 19 August the Supreme Court judgment in the Staveley inheritance tax case was released, bringing the case to a close six years after the First Tier Tribunal ruling.
Prudential: Analysis of UK taxation options amid Covid-19
Michael Collins, Prudential Director of Government Affairs, provides an analysis of the UK taxation potions amid Covid-19.
Dont miss this tax planning event from Octopus
In this tax planning special on Thursday 5 November at 10am, experts at Octopus are joined by guest financial advisers to examine where there could be significant opportunities in your client bank.
Prudential Top 5 ISA questions
ISAs were introduced on 6 April 1999, replacing Personal Equity Plans (PEPs) and Tax-Exempt Special Savings Accounts (TESSAs) - remember them? Despite their longevity (21 years) and simple tax-free premise, ISAs queries continue to arise thanks to those niggling quirks within the ISA rules. In no particular order, here are the top five queries we have encountered in recent months.
Prudential New Bond Gain Tool
Prudentials new Bond Gain Tool launched recently and it kind of does what it says on the tin. You put in details of the bond history and then it lets you model different withdrawal options based on the amount of money to be realised.
The Octopus AIM VCTs fundraise webinar
With Octopus AIM VCTs open to new investment, watch now to hear from senior fund managers in our Quoted Smaller Companies team.
Prudential: Where do you want your clients (investment) recovery to happen?
When investing for the longer term its almost inevitable that you will experience a market downturn at some point and last month I wrote about tax points to remember if your clients investment have fallen in value.
Prudential Trio of Top Timesaving Tax Tools webinar
When planning with pensions, number crunching can take up as much time as meeting with your clients.
Prudential: Are we nearly there yet?
In November 2018, the OTS issued its first of two reports focusing on administrative aspects. This First Report reflected on the fact that although less than 5% of estates pay IHT, executors must complete IHT forms for half of all deaths.
Prudential: CPD compilations and webinars
Prudentials CPD compilations are made up of a few articles covering topical areas, which are useful when considering your clients financial planning.
Prudential: Striking a balance with your ISA investing
Paul Fidell, Senior Business Development Manager at Prudential, looks at how to strike a balance for investors who can see opportunities resulting from the current crisis.
New FundsNetwork's advisor support package: The Beneficiaries flexi-access drawdown conundrum
FundsNetwork's tax and pensions experts, Paul Kennedy and Paul Squirrell, discuss some pitfalls and issues to be considered with the payment of beneficiaries flexi-access drawdown death benefits
FundsNetwork's personal tax and trust planning training resources
The CII AF1 exam is just around the corner! To help you prepare, FundsNetwork have a new video training resources with industry expert Sue Cox.