Industry news and views from Panacea and our partners.
Tax, Trust & ISA_
Utmostwealth solutions: Quick guide to trusts
Hot off the press! Quick guide to Trusts sales aid which addresses the common misconceptions and issues faced by a trustee. To download this sales aid click the link. For further details on our professional trust company please contact your Regional Sales Manager or email sales@utmostwealth.com More great technical content is available via our uTECH site.
Prudential: A trio of tax
Last month Helen OHagan, Technical Manager at Prudential covered the entry charge for discretionary trusts and this month she moves onto the periodic charge where she explains in simple terms how it works.
Prudential: Come visit us at stand 132
Prudential are at stand 132 at A Festival of Financial Planning at the NEC Birmingham on 7 and 8 November.
Prudential Annual Allowance support
Did you know the Prudential technical helpline has handled over 1400 queries about Annual Allowance so far this year, making it their most popular topic.
Prudential: A Taxing Bond quiz
Register for Prudentials interactive quiz and gain 1 hour structured CPD.
Utmost Wealth: Finance Bill 2017-19
Our latest technical briefing is now live our uTECH page - Finance Bill 2017-19.
Prudential: Language of Inheritance Tax (IHT)
Would more IHT planning be done if we didnt talk about IHT planning? Les Cameron, Head of Technical at Prudential explores.
Prudential: The what of trusts Probate Trust
This is the last article in Prudentials trust series where Technical Manager, Helen OHagan makes the trust journey simple and less complex.
Prudential: HMRC finds success in the round
In this article Prudentials Senior Technical Manager Graeme Robb explores a recent tribunal case which focuses on whether or not a furnished holiday letting business qualified for 100% Business Property Relief for inheritance tax purposes.
NS&I launches new Junior ISA
A new cash Junior ISA has been launched today and is available online only at nsandi.com.
The Utmost Technical Academies are hitting the road again
Following the successful schedule of academies earlier this year, the forthcoming series will focus on the financial planning opportunities created by trusts and tax wrapper selection.
Prudential: Excluded Property Trusts
In the fourth article of Prudentials trust series, Technical Manager Helen OHagan makes the trust journey simpler and less complex. Last month she looked at discounted gift trusts and this time she covers excluded property trusts.
Prudential: How much can I contribute to my pension if both a tapered annual allowance and the money purchase annual allowance apply?
In the fourth article of Prudentials trust series, Technical Manager Helen OHagan makes the trust journey simpler and less complex. Last month she looked at discounted gift trusts and this time she covers excluded property trusts.
Utmost Wealth Solutions: Maximising tax-free savings allowances in retirement
In our latest article, John Haley, Technical Sales Manager, uses case study examples to discuss how offshore bonds can be used as part of a wider retirement strategy, and how clients may have more opportunity to use the allowances available to them if they have a range of tax wrappers in place.
Prudential: The what of Trusts Discounted Gift Trust
In the third article of Prudentials trust series, Technical Manager Helen OHagan makes the trust journey simpler and less complex. Last month she looked at loan trusts and this time she covers discounted gift trusts.
Prudential: Trust planning webex reminder
Theres still time to register to join Prudentials Trust Planning webex event on 29 June 2017, to help you identify new planning opportunities with your clients. They have five different sessions running throughout the day. There also running live Q&A sessions with experts from their Technical team after each webex.
Prudential: Oracle Technical June edition
Welcome to Prudentials June edition of Oracle Technical. This month sees three pension articles and two tax and trust articles.
Prudential: Trust planning webex event
Register to join Prudentials Trust Planning webex event on 29 June 2017, to help you identify new planning opportunities with your clients. They have five different sessions running throughout the day.
Royal london: Trusts are more versatile than you think
We want to make trusts as easy as possible for you, by taking away some of the misconceptions around what you can use them for and when you can use them. In doing this, were helping you do the right thing for your clients and making it easier for you to do business with us.
Prudential: The what of trusts: Loan Trust
In the second article of Prudentials trust series, Technical Manager Helen O'Hagan makes the trust journey simpler and less complex. Last month she looked at gift trusts and this time she covers loan trusts.
Making things simpler with Prudentials improved Trust and Application Form Tool
Prudential know that trust business can be time consuming and complicated, particularly when completing documentation. Theyve made things easier for you by improving their popular trust and application form tool.
Welcome to Prudentials May edition of Oracle Technical
Les Cameron, Head of Technical at Prudential was going to try and claim some form of purdah to get out of doing some work this month but his team pointed out thats only for the government at election time!
Prudential: Would you take a tennis racquet fishing?
Les Cameron, Head of Technical at Prudential, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
Aviva: Pensions v buy to let what do your clients need to know?
In our latest Financial Planning Bulletin, we look at pensions and buy to let investments and compare: tax treatment investment risks, and access rules
Prudential: The what of Trusts Gift Trust
The concept of trusts can be confusing and complex for many advisers. Therefore Helen OHagan, Technical Manager at Prudential, goes through a simple and succinct journey of standard insurance company trusts over the next few months.
Prudential: Oracle Technical April edition
Happy New Tax Year! Revised allowances and limits, some dramatically reduced like the Money Purchase Annual Allowance, some increased, the new inflation busting increase to the ISA allowance and some new , like the Main Residence Nil Rate Band.
FundsNetwork: Paul Kennedy's taxes every which way tour 2017
Paul Kennedy, FundsNetworks Head of Tax and Trust Planning, is on the road again with his latest series of tax and pension planning seminars.
Prudential: Time to Talk IHT plans
As you know, Inheritance Tax (IHT) planning is no longer reserved for the very rich. By 2015/16, this increased to just over £4.6bn an increase of over 48%.
Aviva: Your Tax Year End 2017 toolkit and guides are here
This is the perfect time of year to review your clients finances and to make sure they are making the most of the tax advantages available to them. Its also an excellent opportunity to kick off discussions around future plans. Thats why we hope you can spend more time with your clients, supported by our helpful marketing content.
FundsNetwork: Paul Kennedys taxes every which way tour 2017
Paul Kennedy, FundsNetworks Head of Tax and Trust Planning, is on the road again with his latest series of tax and pension planning seminars.
Aviva: Save time at this tax years end
Midnight, 5 April 2017 is closer than you think. You know all too well that certain allowances your clients are entitled to will disappear if they dont use them before 6 April 2017. This is when timely reminders can help.
Prudential ISA: Online ISA application demo
Prudential have introduced a new service which allows you to submit an ISA application online, making customers applications faster and simpler.
Prudential: Calculation of IHT in relation to pensions and Staveley
Clare Moffat, Senior Technical Manager at Prudential, considers the impact of IHT on pension death benefits and also the potential impact of the Staveley case.
Nothing is more certain than death, taxes and eye watering probate charges
Late on Friday the 24th of Feb, the Lord Chancellor confirmed that following consultation in February 2016 on a change to Probate Fees in England and Wales, the Government will now shortly bring forward legislation to introduce the new fee basis as outlined in their 2016 consultation document wef spring 2017 ( my assumption this means April ). The purpose of this Probate Fee change is to aid cover the cost of running the Courts and Tribunals in England and Wales, it is expected to raise circa £250m for the Exchequer.
Prudential: Oracle Technical February edition
February already! Busier than ever, helpline phones and emails have been hot with 500 more queries this January than last. Anyone would think things were getting more complicated And only a few weeks away from the first of what will be two budgets this year!
Prudential Planning now for the residence nil rate band
Graeme Robb, Senior Technical Manager at Prudential, writes about the residence nil rate band and the advice opportunities it presents for you when tax year end planning with your clients.
Tax year end: FundsNetworks Pension and ISA application deadlines
As the tax year end approaches, please be aware of FundsNetworks deadlines, to ensure theres time to process your clients' applications for the current tax year. Whether youre setting up a regular income for the first time from a drawdown account, topping up a pension or ISA account, or applying to Bed and ISA - please make sure you familiarise yourself with the cut-off dates and times.
FundsNetwork: Allowances and pension contributions at tax year end
Calculating pension allowances for your clients, particularly at this time of the year, can be highly complex. With this in mind we thought you might find FundsNetworks latest video of interest.
Prudential: Where do your clients invest when they feel stuck between a rock and a hard place?
Stuck between a rock and a hard place? Against a backdrop of low interest rates, rising inflation and market uncertainty there are some tough decisions to be made when it comes to reviewing ISA investments.
Prudential: Tax year end planning: Tax allowances and exemptions
Its that time again when we need to think about tax year end planning and fully maximise tax allowances and exemptions. Helen OHagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients.