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Discussion Zone
Recent Topics |
| - | Draft Authorised Payment Regs - again |
| - | Stranded Pots/Transfers Out - Personal Accounts |
| - | No surrender? Tony Thornton |
| - | Untraceables at 75 - yet again |
| - | Age 75 attained before A-Day - revisited |
| - | Births, Marriage and Death Certificates |
| - | S.226a benefits Jim Grant |
| - | 5 Year Guarantee - differing views |
| - | Trivial commutation lump sum death benefit |
| - | Untraceables at 75 yet again! |
| Aries Pensions System |
| APS v9.73 |
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Next Meeting: 30/06/09 |
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| Death Dispositions Doubts Dispelled |
| 16/06/2009 |
| Under the pre-6/4/2006 regime, there was a procedure for dealing with the disposition of death benefits where the trustees were unable to select the appropriate beneficiary within a 2 year period. This procedure is described in paragraph 11.5 of the 2001 edition of the Practice Notes ... more |
| HMRC Pensions Legislation Update |
| 12/06/2009 |
| At a meeting on 3 June of the HMRC PSS Customer Forum, the new Head of Policy at Pension Schemes Services, Peter Seedhouse, offered a brief update on draft secondary legislation. 1. The Pension Schemes (Transfer, Re-organisation and Winding Up) (Transitional Provisions) (Amendment) Order 2007 was first announced by the Government on ... more |
| Anti-forestalling and other pensions tax innovations from HMRC |
| 15/05/2009 |
| HMRC's NISPI division on Tyneside has published Pensions Industry Newsletter 36 (April 2009), aimed at scheme administrators and practitioners at the coal face of contracting-out administration. This issue contains a newly-updated ... more |
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| Aries has become the preferred tool for pension providers, administrators and advisers who have to make sense of the UK regulatory regime ... more |
| Authorised Payments & Trivial Commutation Regs Laid |
| 08/05/2009 |
| Today the long-awaited Registered Pension Schemes (Authorised Payments) Regulations 2009 (SI 2009/1171) were laid before Parliament. Although the Regs come into force on 1 June 2009, concessions relating to ... more |
| How the Personal Accounts Scheme will be run |
| 01/05/2009 |
The Personal Accounts Delivery Authority and the DWP have jointly published an 82-page consultation on first drafts of: The [] Pension Scheme Order 2009; The Transfer Values (Disapplication) Regulations 2009 and Rules of the [] Pension Scheme. ... more
(The square brackets above are deliberate and appear in the drafts: it has not yet been decided what the Scheme is to be called. In this article it is referred to simply as 'the scheme'.) |
| Finance Bill 2009 |
| 30/04/2009 |
| Today the Finance Bill 2009, which enacts many of the Budget measures, was published on the web following its formal presentation to Parliament. Lobby Notes, also published today, briefly describe ... more |
| 2009 Budget changes to pensions tax relief rules |
| 23/04/2009 |
| In his Budget speech yesterday the Chancellor announced significant new disincentives for the top 1.5% of pension savers to continue. From 6 April 2010, first of all a new 50% tax rate will apply to taxable income over £150,000 ... more |
| PPF Compensation Cap Increase |
| 08/04/2009 |
| From 1 April 2009 the PPF compensation payable to defined benefit pension scheme members is capped at £31,936.32 pa (except for those who immediately before the assessment date have already reached NPA, or are receiving ... more |
| New DWP Pensions Legislation |
| 17/03/2009 |
| As we approach the start of a new tax year the DWP's legislation generator has once more suddenly gone into overdrive ... more |
| Update on new and missing pensions legislation |
| 05/03/2009 |
| Yesterday The Pensions Act 2007 (Commencement No.3) Order 2009 (SI 2009/406) appeared, bringing into force s.14 of the Pensions Act 2007 on 1 March 2009 for the purpose of making regulations and on 6 April 2009 for all other purposes. Section 14 introduces ... more |
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| Aries Answers ... |
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| ... your questions about |
| Unauthorised Payments |
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RPI for April 2009: 211.5 RPI Table |
| NAE for March 2009: 146.2 (provisional) NAE Table |
| Standard Lifetime Allowance for 2009 - 2010: £1,750,000 Table |
| Annual Allowance for 2009 - 2010: £245,000 Table |
| Earnings cap for 2009 - 2010: £123,600 Table |
| LEL for 2009 - 2010: £4,940 p.a. UEL for 2009 - 2010: £43,875 p.a. Table |
| LPI from Jan 2009: 5.0% LPI Table |
| Increase to post-1988 GMPs in payment for 2009/ 2010: 3% Table |
| Basic State Pension for 2009 - 2010: Single £4,953.00 p.a. Married £7,919.60 p.a. BSRP Table |
| more pensions statistics |
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