HMRC publishes pension schemes newsletter
[ad_1] HMRC has provided an update on the abolition of the lifetime allowance, as well as information on relief at source and pensions for retained firefighters. HMRC has published the Pension schemes newsletter 155. It provides an update on a range of issues, including the abolition of the lifetime allowance (LTA) and how the pension […]
Pensions lifetime allowance guidance newsletter
[ad_1] HMRC has released its December 2023 newsletter, which addresses several aspects connected to the abolition of the pensions lifetime allowance. While the lifetime allowance (LTA) charge has not been in effect since 6 April 2023, legislation in Sch 9, Finance Bill 2023-24 will formally abolish the charge. HMRC’s newsletter summarises some of the changes […]
HMRC publishes new Charities newsletter
[ad_1] HMRC’s Charities newsletter will be published periodically to update charities and their advisers on upcoming changes relating to tax that may affect them. The June 2023 edition includes guidance on various points, including the following. Restriction of tax reliefs The newsletter reminds readers that, with effect from 15 March 2023, tax reliefs and exemptions […]