Pensions Related News Two

24 January 2017 Alistair MacDougallCompliance

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.

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