Our report writing software has been fully updated on 6th April 2024 to accommodate changes to allowances, rates and reliefs for the 2024/25 tax year.
Full details can be found below:
Pensions
- Existing ‘Lifetime Allowance’ wording removed and replaced with new ‘Lump Sum Allowance (LSA)’ and ‘Lump Sum and Death Benefit Allowance (LSDBA)’ wording.
- In addition, new ‘Lump Sum Allowance (LSA)’ section added to the ‘Important Information’ page. This section will assist users to (a) introduce the new LSA to the client (b) confirm the current LSA amount available to them, and (c) for recommendations pertaining to tax-free cash/PCLS, outline the amount of LSA used up as a result of the recommendation.
Investments
- ‘Dividend Allowance’ amount updated to £500.00
- ‘Annual Exempt Amount’ updated to £3,000.00.
- New ‘Reasons for Recommendation’ added, and ‘Glossary’ item updated, with regard to new multiple subscriptions and partial transfer ISA rules.
N.B. – For recommendations pertaining to ‘New’ or ‘Existing’ annuity plans, we have also added a new question page to the wizard providing users the option to remove the ‘Investment Strategy Recommendation’ page.
Interested in exploring our key features and benefits? Click the link below:
Please don’t forget we have a collection of ‘how to’ guides, articles and hints/tips via our FAQs which are available on our Help & Support Portal.
Our support team are available 9am – 5pm / Mon – Fri to answer any further questions you may have support@atebsuitability.co.uk / 0191 338 8177.
FG 21/3 – client objectives
Alistair MacDougall Compliance Drawdown, FCA, ML, Pension, Pension Transfer, PI, transfer
Following on from our previous articles on FG21/3, we will look today at another of the interesting areas covered by the guidance. It goes without saying that the guidance itself is helpful, reiterating and emphasising previous rules and guidance and clarifying some areas that were arguably fuzzy before. However, as well as the actual content, […]