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Submissions

Published on 23 January 2017

Draft Finance Bill 2017: Pensions Advice

The LITRG welcomes the broad definition of ‘relevant pensions advice’ under the proposed regulations so that it might include ‘tax issues relating to pensions’ but are concerned that the qualifying £500 exemption sum is too limited and will not go very far in paying for expert advice. We strongly recommend the Government consider increasing the exemption to £1,000 in order to fully cover the cost ...

Finance Bill 2017 draft clauses: Overseas Pensions
Published on 23 January 2017

Draft Finance Bill 2017: Overseas pensions

While LITRG recognises that removing the '90% rule' for taxing foreign pension income in the UK is intended to be a fairness measure and simplify the system, we wish to highlight that those in receipt of a foreign pension are unlikely to view it as such, imposing as it would an additional tax cost o...

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