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Pensions Related News Two

Following on from last week’s article, herein the second free Pension News bulletin from Paul Clark of Russelldene Consulting Ltd.

You can see the bulletin here.

I would draw your particular attention to the first article and the revised GAD tables and the impact this will have on reviews of capped drawdown on or after 6 April 2017.

I would also highlight the requirement for advisers to issue a prescribed HMRC letter to clients who hold non UK assets, investment or have non UK sourced income. This seems to include offshore bonds and failure to issue the letter may result in a £3,000 penalty per client.

For those who missed last week’s ATEB News, the first issue is available here.

There is normally a charge for this bulletin but for the first four issues, these will be provided free of charge via the ATEB newsletter. Thereafter, those interested in receiving the bulletin on an ongoing basis should contact ATEB for more information.

Don’t forget to check Our View about this article and the Actions Required By You

Pensions Related News Two

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.

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