Industry news and views from Panacea and our partners.
Tax, Trust & ISA_
BlackRock: Global Weekly Commentary
U.S. corporate tax reforms could reinforce a reflationary environment already in place before last November.
Prudential: Planning matters: Tax year end planning for Annual Allowance
Last tax year end there was a lot to think about in relation to planning. The introduction of the tapered Annual Allowance and the implications of moving to a fixed Pension Input Period, the reduction in the Lifetime Allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. This year we dont have a reduction in the Lifetime Allowance but are the same issues still relevant? Clare Moffat, Senior Technical Manager at Prudential, explores.
Aviva: Together we can help your clients beat the tax deadline
Midnight, 5 April 2017 is closer than you think. You know all too well that many of the allowances your clients are entitled to will disappear for good if they dont use them before 6 April 2017. This is when timely and persuasive reminders can help.
Planning Matters: A family of case studies
Prudentials Planning Matters microsite brings together a fictional family and brings to life their planning needs through a detailed case study for each of them.
Prudential Oracle Technical January Edition
I hope this third last edition of Oracle Technical for the year finds you well (of the tax year of course what other year matters in the planning world!) So, as we hurtle into a new tax year end, in this edition youll not find anything strictly tax year end related! Why?
Canada Life: Powerful estate planning tools ignored or forgotten by wealthy Brits
Wealthy Brits over the age of 45 are forgetting or ignoring simple estate planning tools that could help them to pass on more of their estate to their families
James Hay: Proposed changes to the Money Purchase Annual Allowance
Dont wait around for changes in pension tax relief, understand changes to the MPAA before they happen.
Prudential talks tax year end planning in their latest issue of Oracle Quarterly
Welcome to the January 2017 edition of Oracle. In this edition Prudential are taking a look at the opportunities that tax year end planning brings amid all the ongoing change in the economic, legislative and political environment.
Prudential: What are the most frequently asked questions at tax year end?
Prudentials technical team has answered over 14,000 calls from financial advisers in 2016.
FundsNetwork: Tax year end support
To help ensure your clients make the most of their annual allowances when investing at this time of year, FundsNetwork have pulled together a range of material to support you and your clients.
Prudential: Minimising risk and maximising certainty Seminars
Prudential are delivering 19 seminars around the country to help advisers find a way through the uncertainty in investment markets, and to aid effective pension planning.
Prudential: Tax year end planning for all the family
Register to join Prudentials WebEx on 10 January 2017 to help you identify new financial opportunities with your clients.
Canada Life expands estate planning range
Canada Life has today launched the Select Account Discounted Gift Trust, an onshore discounted gift trust (DGT) to supplement its existing award winning estate planning proposition.
Canada Life Annual IHT Survey 75% of wealthy unaware of new residence nil rate band IHT allowance
A remarkable 75% of wealthy people are unaware of the new residence nil rate band inheritance tax allowance which is being implemented from April 1st, according to research by Canada Life*.
Tax changes for non-UK domiciliaries
At the moment, non-doms who are tax resident in the UK are taxed favourably, having the option of being taxed on the "remittance basis". This means they have the opportunity to only pay tax on UK income and gains and foreign income and gains which are brought in to or "remitted" to the UK. Believe it or not the UK is a relative tax haven for these people.
M&G Investments: The Irish economy: a Bond Vigilantes quick video update
Last weekend we were at the brilliant Kilkenomics festival in Kilkenny, Ireland. Whilst we were there (and its a fantastic town) we filmed this short video.
Prudential: Planning for a £50,000+ tax-free annual income
Les Cameron, Head of Technical at Prudential, explores how applying the new Finance Act 2016 provides an opportunity to simplify, which could result in attractive outcomes.
Scottish Widows: Register for our Tax planning with protection insurance MasterClass
In this Techtalk MasterClass, we focus on Tax planning with protection insurance. Register now and watch it live on the 8th November at 10.30am -11.30am.
Canada Life: Planning opportunities with international investment bonds
With an international investment bond your clients can benefit from 5% tax-deferred withdrawals with no tax returns being required until a chargeable gain occurs. This offers simple and straightforward tax-efficient investment solution. Kim Jarvis, technical manager at Canada Life, explains how to make the most of the tax free allowances.
Canada Life: Estate planning innovation that stands the test of time
Canada Life has been helping people keep control of their estates for more than 40 years. Ensuring they have access to their money during their lifetime, and control over what happens after they've gone.
Prudential: Tax avoidance (the fight goes on)
In recent times, we have witnessed high profile celebrities and sports stars make the headlines for potential tax liabilities on failed tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes?
Canada Life: Tax free gains? That can't be right, can it?
During his six years as Chancellor of the Exchequer George Osborne made several important changes to the way income is taxed.
FundsNetwork: Inherited ISA allowance transfer form
For clients who are inheriting their deceased spouses or civil partners ISA allowance, youll need to complete the necessary documentation. FundsNetworks form is available within their Service Zone, under the administrative procedures section. Youll also find some useful information to consider around Inherited ISAs.
'Property is a better bet' really?
When discussing what was the better bet for retirement planning, the Bank of Englands chief economist Andy Haldane said it ought to be pension but its almost certainly property. In this article we consider an alternative view.
Prudential: Knowledge TV brand new content added
Prudential has added new structured CPD accredited video content to its Knowledge TV offering a Trusts and trustee taxation boxset
Preserving your estate. Understanding the new nil rate tax band
Inheritance tax is a concern for many; one of the most common questions asked in relation to estate planning is: 'how can I preserve more of my estate for my family?'
Prudential: A DGT with 100% access and 100% discount?
What type of wrapper could this be? A pension!
Prudential: Help! Ive been appointed as a trustee. What are my responsibilities?
Take a look at the key duties and responsibilities of a trustee.
Prudential: The trend is your friend but not your clients!
Pension freedoms are helping to drive a boom in inheritance tax (IHT) planning advice.
Prudential: 35-year high for families facing IHT!
Preparing a 'bucket list' before the end of life has become very fashionable in recent times. But shouldn't building a 'bucket list' for finances also have the same level of prominence too - in order that we have the right plans in place to protect and pass on our wealth once we are gone?
Prudential:...so which IHT clients should you look out for?
By 2018 twice as many people in the UK will pay inheritance tax* and the number of families facing inheritance tax is set to reach a 35-year high*.
Prudential: Summer 2016 edition of Oracle
Our regular Oracle publications cover interesting and topical related commentary that could help you identify new planning opportunities. This quarter we focus on developing your estate planning business.
Canada Life Webinar: Why International Investment Bonds - pinpoint tax planning
An international bond can be a perfect vehicle for controlling the tax point on the gains made and tax-efficient planning - including funding for a child's or grandchild's education.
Prudential: Trustee Investment Masterclass
Register to join our Technical Masterclass WebEx on 21 July 2016 to help you identify new financial opportunities with your clients.
How to Calculate IHT on Relevant Property Trusts
A recent request from a customer was to discuss relevant property trusts and the type of question that could come up in an exam. This will be of interest to those revising for the CII AF1 exam. Firstly, lets be clear that relevant property trusts are discretionary trusts and most lifetime trusts created on or after 22 March 2006.
Prudential: Planning matters - preserving the wealth through the generations WebEx day
Register to join our WebExes on 21 July 2016 to help you identify new financial opportunities with your clients.
FundsNetworks Paul Kennedy explores the new dividend and savings tax allowances
With the world of tax planning becoming even more complex, FundsNetworks Paul Kennedy, Head of Tax and Trust Planning, explores the introduction and advantages of the new dividend and savings tax allowances and how to generate tax-free income from different wrappers. He also explains some of the things you need to consider, for both basic and higher rate tax payers.
Canada Life: Webinar: International Wealth Management Solutions for UK Resident Non-Doms
On 6 April 2017, the Government is planning to introduce the concept of 'deemed domicile' for all taxes, for all non-doms who have been resident in the UK for 15 tax years. This could significantly increase the tax liability of those individuals and bring more of them into the IHT net.
Prudential: Oracle technical - June edition is now available
Welcome to June's edition. Ive been out presenting at our Planning Matters seminars with some of my colleagues from our Business Consultancy and Business Development teams in the last few weeks.
Canada Life: Have your cake and eat it
Many people have an inheritance tax issue that, in theory, can easily be solved. If they make substantial gifts and live for seven years, then their families will have a lower or even non-existent inheritance tax bill. In practice, however, most people cannot afford such a simple solution. They have investments that they rely on to maintain their own standard of living. What they need to do is get investments out of the estate but retain the ability to receive regular payments from them for the foreseeable future.