Industry news and views from Panacea and our partners.
M&G Wealth
M&G Wealth: Transitional Tax Free Amount Certificates
The Lifetime Allowance was replaced with three new allowances from 6th April 2024. Benefits taken under the LTA regime use up the new allowances. A Transitional Tax Free Amount Certificate allows a bespoke client deduction from the LSA and LSDBA instead of the standard transitional deduction.
Weekly market commentary – available now
The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.
M&G Wealth: Taking the politics out of planning
We're delighted to offer a series of events where industry experts will delve into the impact of domestic and geopolitical changes on business, investment, regulation and planning.
M&G Wealth: Quite simply – the new pension allowances
It seems like only yesterday the Chancellor stood up in parliament and announced the abolition of the Lifetime Allowance (LTA). From 6 April we’ll be in the new world of Lump Sum Allowance and Lump Sum and Death Benefit Allowance. No need to worry about what you need to do by 6 April as that date will be in the past. Things have gotten simpler.
M&G Wealth: Weekly market commentary – available now
The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.
M&G Wealth: Weekly market commentary – available now
The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.
M&G Wealth: US Elections: How Biden and Trump could impact markets
In December, we wrote about What could go right in 2024? and highlighted 2024’s busy election calendar. Elections made the list because governments may be more inclined to reduce taxes and spend more, in an effort to win over voters.
In December, we wrote about What could go right in 2024? and highlighted 2024’s busy election calendar. Elections made the list because governments may be more inclined to reduce taxes and spend more, in an effort to win over voters.
M&G Wealth: Weekly market commentary – available now
The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.
M&G Wealth: Weekly market commentary – available now
The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.
M&G Wealth: Spring Budget 2024
M&G Wealth Technical Team assess the Spring Budget 2024, identifying all the things that matter to the financial planner so we can tell you what matters.
M&G Wealth: Stepping out of cash needn’t be daunting
ISA season is underway but with Cash ISAs continuing to offer favourable interest rates, are your clients looking to them as a solution?
New LTA allowances
The LTA has been replaced with three new allowances. Read the summary based on our understanding of the draft legislation and other related HMRC announcements as at 18th December 2023.
Understand 'smoothing' in minutes
This short video explains how the PruFund smoothing process works. The process aims to smooth the ups and downs of markets. In certain circumstances smoothing may be suspended to protect those in the With-Profits Fund.
Weekly market commentary - available now
The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there's also a customer-friendly version to share directly with your clients. Read the latest version here and download this copy to send onto your clients.
Expanding family groups
The M&G Wealth platform allows for family linked groups to combine their portfolios and benefit from a linked discount. See the adjusted definitions, helping you meet your clients' needs.
PruFund monthly review - January 2024
On this recording, Paul Fidell, Senior Investment Specialist, summarises the latest review of the PruFund series C, E and F range of funds, explaining the reason behind the announcement of no downward Unit Price Adjustments (UPAs).
The 7 steps to achieving good tax outcomes (90 mins CPD)
Thursday 15 February, 10am - 11:30am. Arriving at the income tax liability for a UK individual involves working through a 7-step calculation. An understanding of these steps is crucial in forming a strong foundation when planning in many areas – from pension tax relief to the tapered annual allowance, the taxation of investments, tax charges and much more.
M&G Wealth: Is the future still in US equities?
In this insight article, we explain why we think US equities could continue to do well this year but the risk-reward for long-term investors is less attractive than other equity regions.
M&G Wealth: Tax Year End Support
Visit PruAdviser which hosts a range of topical tax planning articles and ideas for tax year end and more.
M&G Wealth: Tax Year End Support
To provide some assistance, we've pulled together a 'Tax Year End Support' hub, which includes various articles, videos and tools covering what you need to know for tax, trust and pensions for tax year end.
M&G Wealth: Everything you ever wanted to know about tax year end (and haven't been afraid to ask)
How does pension tax relief interact with the Annual Allowance? Who needs to self-assess? How does the annual exemption for Inheritance Tax (IHT) work? Can you help me understand more about bed and breakfasting?
M&G Wealth: Family Wealth Unlocked report - have you got yours yet?
Around 800 of your peers have received this year's edition of the Family Wealth Unlocked report - now download your copy to get insights from over 2,000 advised clients.
M&G Wealth: Research from M&G wealth’s Family Wealth Unlocked 2023 report
Research from M&G wealth’s Family Wealth Unlocked 2023 report shows that the majority of people due to receive inheritance, have indicated that they would benefit from receiving their inheritance earlier?
M&G Wealth: Insights show that as many as 40% of people have sought out financial advice as a direct result of the cost of living crisis
Insights show that as many as 40% of people have sought out financial advice as a direct result of the cost of living crisis - a significant increase on the 29% reported last year.
M&G Wealth: Did you know that one in five people leaving inheritance worry they might need the money themselves?
Did you know that one in five people leaving inheritance worry they might need the money themselves?
M&G wealth’s latest Family Wealth Unlocked report is LIVE!
The 2023 report delivers key insights into client behaviours – explaining what topics are important – while also highlighting family wealth planning opportunities. Visit the Family Wealth Hub to learn more and download the report
M&G Wealth: LTA Abolition
The government’s proposal to abolish the Lifetime Allowance have many asking how pension commencement lump sums will be calculated under the new rules. In this short video we look at what we currently know of the new rules for calculating the tax free amounts payable from 6 April 2024.
M&G Wealth: LTA Abolition PCLS Case Studies
The government’s proposal to abolish the Lifetime Allowance has changed how pension commencement lump sums will be calculated from 6 April 2024.
M&G Wealth: The 2023/24 LTA changes
A short video in a series covering the abolition of the LTA from the 2024/25 tax year. This video focuses on the first step of this, which was changing the taxation of LTA excesses for the 2023/24 tax year.