A Freedom of Information (FoI) request has revealed a gap in HMRC’s knowledge about how many people have been hit with penalties around the pension annual allowance. The pension annual allowance, which effectively sets the tax-efficient ceiling on annual pension contributions, used to be a subject of little interest, even among pension professionals. When it …
In July the Office of Tax Simplification (OTS) published its long-awaited second report on inheritance tax simplification. It contained a range of useful proposals. The report, which focused on simplifying the structure of inheritance tax, contained some surprises, not only in the recommendations it makes, but also in those areas it has left untouched. Gifts The …
What is planned for inheritance tax simplification? Read More »
The concept of a pension dashboard was mentioned in the Queen’s speech in parliament yesterday. It’s a new innovation in the pensions and advice market by the Department for Work and Pensions, which needs a bit of further explanation. Company pension schemes The way we now work means that changing jobs is far more common …
We are delighted to welcome the University of Lincoln’s ‘Best Finance Student’ to our team. Over the summer, we were delighted to welcome Emma Raine to our Nottingham HQ as a full-time Client Servicing Administrator. Emma graduated in September from the International Business School at the University of Lincoln with a First Class Honours Degree …
Lincoln’s ‘Best Finance Student’ joins The RU Group Read More »
How well do you understand the ins and outs of inheritance tax rules? What is permissible as a gift, and which exemptions apply? A survey by HMRC published earlier this year concluded that the public has a relatively poor knowledge of inheritance tax rules and lack of confidence in what they do know. HMRC commissioned …
How well do you understand inheritance tax rules? Read More »
