2017/18 Tax Year Changes

In consideration of the 2017/18 Tax Year, please note the following changes to ATEB suitability for your records.

Effective from midnight 6th April 2017

Updated Money Purchase Annual Allowance (MPAA) throughout the Retirement Advice section.

Glossary of Terms Appendix has been given a spring clean with updated text throughout to ensure relevance.

Key revised definitions in the Glossary of Terms relating to the 2017/18 Tax Year are:

Investment Advice

 – Individual Savings Accounts (ISA);
 – Junior Individual Savings Accounts (Junior ISA);
 – Lifetime Individual Savings Accounts (LISA).

Retirement Advice

 – Annual Allowance (Limits and Charge);
 – Money Purchase Annual Allowance (MPAA).

We have a number of other changes which are being rolled out over the evening of 7th April 2017 and a further blog post will contain the full details of these changes shortly.  Some of the highlights to look out for:

 – Auto Save Functionality;
 – New Sample Template Area;
 – Multiple Mortgage Recommendation Facility;
 – Addition of Lifetime ISA.

More information available here.

Lifetime Individual Savings Accounts (LISA)

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

About the Author

Director - Having joined us directly from university, David quickly developed into an indispensable member of the team. As our IT Director he is responsible for ATEB’s technology strategies, security systems and platforms. He has been at the forefront of the development of ATEB Suitability and instrumental in ensuring that the complex regulatory requirements are catered for in an interactive and intuitive fashion. He would be delighted to discuss its capabilities with you in more detail.

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