Blind person s allowance, married couple s allowance and income limit for
|
|
|
- Jessica Powers
- 7 years ago
- Views:
Transcription
1 Blind person s allowance, married couple s allowance and income limit for Who is likely to be affected? People who are entitled to the blind person s allowance, the married couple s allowance for those born before 6 April 1935, the personal allowance for those born before 6 April 1938 and are affected by the income limit, employers and pension providers. General description of the measure The measure increases the blind person s allowance, the married couple s allowance and the income limit for the personal allowance for those born before 6 April 1938 by the equivalent of indexation (the annual increase to income tax personal allowances and rate limits) based on the Retail Prices Index (RPI) rather than the Consumer Prices Index (CPI). Policy objective The measure delivers the Government s commitment made at Budget Background to the measure At Budget 2011, the Chancellor announced that once the personal allowance has reached 10,000, it will then increase by CPI in future years, starting from The personal allowance reached 10,000 in Subsequently, at Budget 2014, the Chancellor announced that the personal allowance will be increased to 10,500 for Also announced at Budget 2011, was the intention to move the underlying basis for indexation for all direct taxes to the CPI. This transition began in April In addition, it was announced at Budget 2011 that over the lifetime of this Parliament, blind person s allowance, the married couple s allowance and income limit for the higher personal allowances would continue to increase by reference to RPI. Finance Act 2014 (FA 2014) changed the basis of indexation from RPI to CPI effective from Detailed proposal Operative date This measure will have effect on and after 6 April Current law From , section 35 of the Income Tax Act (ITA) 2007 provides the personal allowance for people born after 5 April Section 2 of FA 2014 sets this personal allowance at 10,500 for and disapplies the indexation provisions. Section 37 ITA provides the personal allowance for people born before 6 April It is 10,660 and is not subject to indexation. The amount is subject to an income limit of 27,000 for Where an individual has an income above the limit, their allowance is reduced by 1 of allowance for every 2 above the income limit. Unless an individual s income is above 100,000, their personal allowance is not reduced below the amount of the allowance provided by section 35 of ITA.
2 Section 38 of ITA provides the amount of the blind person s allowance. It is 2,230 for Section 43 of ITA provides the minimum amount of married couple s allowance. It is 3,140 for Section 45 of ITA provides the maximum amount of married couple s allowance for marriages before 5 December Section 46 of ITA provides the maximum amount of married couple s allowance for marriages and civil partnerships on or after 5 December These amounts are 8,165 for These amounts are subject to an income limit of 27,000 for They are reduced by 1 for every 2 above the income limit, but only after any reduction to the individual s allowance provided by section 37 of ITA. From , section 57 ITA 2007 provides that the personal allowance for those born after the 5 April 1938, blind person s allowance, married couple s allowance and the income limit are subject to indexation. HM Treasury must make an order before the start of the new tax year to declare the indexed amounts. Section 4 of FA 2014 changed the basis of indexation from the annual percentage increase in RPI to the September before the new tax year to the annual percentage increase in CPI to the September before the tax year. The change applies from Proposed revisions Legislation will be introduced in Finance Bill 2015 to increase, for , blind person s allowance, the married couple s allowance and the income limit by amounts equivalent to RPI indexation and to override the indexation provisions in 57 ITA The table below shows the amounts that would have applied for based on CPI, and the amounts that will apply based on RPI. CPI indexation RPI indexation Blind person s allowance 2,260 2,290 Maximum amount of married couple s allowance 8,275 8,355 Minimum amount of married couple s allowance 3,180 3,220 Income limit 27,400 27,700 Summary of impacts Exchequer impact ( m) Economic impact Impact on individuals, households and families Equalities impacts negligible negligible The Office for Budget Responsibility has included these numbers in its forecast. The measure is not expected to have any significant economic impacts. The measure ensures that for individuals entitled, for the allowances and income limits continue to be increased by RPI. The measure is not expected to have an impact on family formation, stability or breakdown. Compared to statutory CPI indexation, this measure provides a cash benefit to people entitled to blind person's allowance, people entitled to the married couple's allowance and those people born before 6 April 1938 who have incomes below above the income limit.
3 Impact on business including civil society organisations Operational impact ( m) (HMRC or other) Other impacts This measure is expected to have a negligible impact on businesses and civil society organisations. An individual s personal allowance is reflected in their Pay as You Earn (PAYE) tax code. Any changes to individuals PAYE tax codes are a routine annual event for employers and pension providers. Non-routine changes are handled by HM Revenue and Customs (HMRC). The impact on HMRC will be negligible. Changes to the amounts of personal allowances and rate limits are an annual requirement. Other impacts have been considered and none have been identified. Monitoring and evaluation HMRC and HM Treasury do not anticipate that this measure could be evaluated separately from other personal allowance increases and benefit changes. Further advice If you have any questions about this change, please contact Paul Thomas on ( paul.thomas@hmrc.gsi.gov.uk).
4 Consultation draft 1 1 Charge and rates for (1) Income tax is charged for the year (2) For that tax year (a) the basic rate is 20%, (b) the higher rate is 40%, and (c) the additional rate is 45%. 2 Limits and allowances for (1) For the tax year (a) the amount specified in section 37(2) of ITA 2007 (income limit for personal allowance for those born before 6 April 1938) is replaced with 27,700, (b) the amount specified in section 38(1) (blind person s allowance) is replaced with 2,290, (c) the amount specified in section 43 ( minimum amount for calculating tax reductions for married couples and civil partners) is replaced with 3,220, (d) the amount specified in section 45(3)(a) (amount for calculating allowance in relation to marriages before 5 December 2005 where spouse is over 75) is replaced with 8,355, (e) the amount specified in section 45(4) (income limit for calculating allowance in relation to marriages before 5 December 2005) is replaced with 27,700, (f) the amount specified in section 46(3)(a) (amount for calculating allowance in relation to marriages and civil partnerships on or after 5 December 2005 where spouse or civil partner is over 75) is replaced with 8,355, and (g) the amount specified in section 46(4) (income limit for calculating allowance in relation to marriages and civil partnerships on or after 5 December 2005) is replaced with 27,700. (2) Accordingly, for that tax year section 57 of that Act (indexation of allowances), so far as relating to the amounts specified in sections 37(2), 38(1), 43, 45(3)(a), 45(4), 46(3)(a) and 46(4), does not apply /1
5 2 Consultation draft 5
6 FINANCE BILL 2015 EXPLANATORY NOTE INCOME TAX: CHARGE AND RATES FOR SUMMARY 1. Clause [X] provides for income tax and sets the main rates for DETAILS OF THE CLAUSE 2. Subsection 1 provides for income tax for Subsection 2 sets the main rates of income tax for BACKGROUND NOTE 4. Income tax is an annual tax. It is for Parliament to impose income tax for a year. 5. Clause [X] imposes the charge to income tax for It also sets the main rates of income tax for : the 20% basic rate, the 40% higher rate and the 45 % additional rate. 6. If you have any questions about this change, or comments on the legislation, please contact Paul Thomas on ( paul.thomas@hmrc.gsi.gov.uk).
![It is for Parliament to impose income tax for a year. 5. Clause [X] imposes the charge to income tax for 2015-16.](/docs-images/42/22791829/images/page_6.jpg "It also sets the main rates of income tax for 2015-16: the 20% basic rate, the 40% higher rate and the 45 % additional rate. 6.")
7 FINANCE BILL 2015 EXPLANATORY NOTE LIMITS AND ALLOWANCES FOR SUMMARY 1. This clause sets the amount of blind person s allowance, the minimum amount of married couple s allowance and married couple s allowance for It also sets the income limits, above which the higher personal allowance for those born before 6 April 1938 begin and the married couple s allowance begin to be withdrawn. DETAILS OF THE CLAUSE 2. Subsection 1 sets the amount of the income limits, blind person s allowance, the minimum amount of married couple s allowance and married couple s allowance for Subsection 2 disapplies the indexation provisions for the amounts in subsection 1. BACKGROUND NOTE 4. From , the basis of indexation for income tax allowances and rate limits is the consumer prices index (CPI). For , this clause sets the amount of the income limits, blind person s allowance, minimum amount of married couple s allowance and married couple s allowance at the equivalent of indexation based on the retail prices index (RPI) instead of CPI. 5. If you have any questions about this change, or comments on the legislation, please contact Paul Thomas on ( paul.thomas@hmrc.gsi.gov.uk).
Income tax personal allowance for those born after 5 April 1938 for 2015-16
Income tax personal allowance for those born after 5 April 1938 for 2015-16 Who is likely to be affected? Income tax payers, employers and pension providers. General description of the measure For 2015-16,
Exemption from income tax and National Insurance contributions: lump sums provided under armed forces early departure scheme
Exemption from income tax and National Insurance contributions: lump sums provided under armed forces early departure scheme Who is likely to be affected? Armed Forces personnel leaving the service on
Real time collection of tax on benefits in kind and expenses through voluntary payrolling
Real time collection of tax on benefits in kind and expenses through voluntary payrolling Who is likely to be affected? Employers, employees, payroll providers and payroll software providers. General description
Aggregates levy: credits in Northern Ireland
Aggregates levy: credits in Northern Ireland Who is likely to be affected? Anyone who accounted for aggregates levy at the full rate on aggregate that was commercially exploited between 1 April 2004 and
Loan relationships: release of debts: financial institutions in resolution
Loan relationships: release of debts: financial institutions in resolution Who is likely to be affected? A bank or other financial institution subject to the application of any of the stabilisation powers
Income tax: simplifying the administration of employee expenses, including preventing salary sacrifice
Income tax: simplifying the administration of employee expenses, including preventing salary sacrifice Who is likely to be affected? Employers who pay, reimburse, or provide benefits in kind (BiKs) in
Capital gains tax private residence relief final period exemption
Capital gains tax private residence relief final period exemption Who is likely to be affected? Individuals who own one or more properties that they have lived in as their main residence at any time. General
Simplification of HMRC debtor and creditor interest rate
Simplification of HMRC debtor and creditor interest rate Who is likely to be affected? Taxpayers in litigation cases where there is a tax-related judgment debt with interest due and HMRC is either the
Qualifying loan interest relief: changes
Qualifying loan interest relief: changes Who is likely to be affected? This measure makes two changes. The first change will affect individual taxpayers paying interest on loans to invest in companies
Income tax: company car tax rates 2016-17
Income tax: company car tax rates 2016-17 Who is likely to be affected? Businesses and employers where company cars are made available for private use. General description of the measure For 2016-17, the
Corporation tax: restriction of CT relief for business goodwill amortisation
Corporation tax: restriction of CT relief for business goodwill amortisation Who is likely to be affected? Companies who recognise purchased goodwill and customer related intangible assets in their accounts,
Inheritance tax: investments in open ended investment companies and authorised unit trusts
Inheritance tax: investments in open ended investment companies and authorised unit trusts Who is likely to be affected? Investors switching UK assets from trusts settled by non-uk domiciled individuals
Corporation tax and income tax: disposal of stock other than in trade, and corporate intangibles
Corporation tax and income tax: disposal of stock other than in trade, and corporate intangibles Who is likely to be affected? Businesses liable to corporation tax and income tax. General description of
Employee shareholder status: capital gains tax exemption
Employee shareholder status: capital gains tax exemption Who is likely to be affected? Individuals who have taken up the 'employee shareholder employment status and have capital gains. General description
Life Assurance Premium Relief (LAPR): Repeal
Life Assurance Premium Relief (LAPR): Repeal Who is likely to be affected? Individuals who continue to pay regular premiums under qualifying life insurance policies issued on or before 13 March 1984. Insurers
Children s Television Programmes - Tax Relief For the producers
Children s television tax relief Who is likely to be affected? Companies within the charge to corporation tax that are directly involved in the production of children s television programmes. General description
Amendments to the Tax Treatment of Financing Costs and Income (Debt Cap)
Amendments to the Tax Treatment of Financing Costs and Income (Debt Cap) Who is likely to be affected? Large groups of companies that are subject to the debt cap. General description of the measure This
Modernising film tax relief
Modernising film tax relief Who is likely to be affected? Companies within the charge to corporation tax that are directly involved in the production of films. General description of the measure The measure
Inheritance tax: spouses and civil partners domiciled overseas
Inheritance tax: spouses and civil partners domiciled overseas Who is likely to be affected? Individuals who are domiciled outside the UK and who have a UK-domiciled spouse or civil partner and UK-domiciled
Pension Flexibility 2015
Pension Flexibility 2015 Who is likely to be affected? Individuals who have reached the normal minimum pension age, (normally age 55), who have money purchase pension savings in a registered pension scheme
Bank levy amendments. Detailed proposal. Who is likely to be affected? General description of the measure. Policy objective. Background to the measure
Bank levy amendments Who is likely to be affected? UK banks, banking groups and building societies; foreign banking groups operating in the UK through permanent establishments or subsidiaries; and UK banks
Code of Practice on Taxation for Banks
Code of Practice on Taxation for Banks Who is likely to be affected? Banks, building societies and investment firms. General description of the measure This measure ensures that HM Revenue & Customs (HMRC)
Venture capital trusts
Venture capital trusts Who is likely to be affected? This measure will affect individuals who invest in venture capital trusts (VCTs) and the VCTs in which they invest. General description of the measure
Corporation tax: research and development tax credits: consumables
Corporation tax: research and development tax credits: consumables Who is likely to be affected? Companies carrying out research and development (R&D) activities. General description of the measure The
Data-gathering from merchant acquirers
Data-gathering from merchant acquirers Who is likely to be affected? Merchant acquirers. General description of the measure The measure will provide HM Revenue & Customs (HMRC) with a power to require
Life insurance: qualifying policies
Life insurance: qualifying policies Who is likely to be affected? Higher and additional rate taxpayers with life insurance policies that are qualifying policies (QPs). General description of the measure
ISA qualifying investments: consultation on including shares traded on small and medium-sized enterprise equity markets
ISA qualifying investments: consultation on including shares traded on small and medium-sized enterprise equity markets March 2013 ISA qualifying investments: consultation on including shares traded on
2015 No. 1810 INCOME TAX. The Scottish Rate of Income Tax (Consequential Amendments) Order 2015
S T A T U T O R Y I N S T R U M E N T S 2015 No. 1810 INCOME TAX The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 Made - - - - 20th October 2015 Coming into force in accordance with
Double taxation relief: revenue protection
Double taxation relief: revenue protection Who is likely to be affected? Companies which make claims for double taxation relief (DTR) may be affected by this measure. General description of the measure
Capital allowances: extension of enhanced capital allowances for car and goods vehicles to 2018
Capital allowances: extension of enhanced capital allowances for car and goods vehicles to 2018 Who is likely to be affected? Businesses planning to purchase low CO 2 emission cars, zero-emission goods
Improving the operation of the Construction Industry Scheme
Improving the operation of the Construction Industry Scheme Who is likely to be affected? Businesses and individuals who are subcontractors or contractors participating in the scheme. Also commercial third
Capital allowances for business cars
Capital allowances for business cars Who is likely to be affected? Any business that buys or leases cars. General description of the measure The 100 per cent first-year allowance (FYA) for expenditure
Oil and gas fiscal regime: reinvestment relief for pre-trading companies
Oil and gas fiscal regime: reinvestment relief for pre-trading companies Who is likely to be affected? Companies involved in oil and gas exploration and appraisal (E&A) activity in the UK or UK Continental
Capital Gains Tax: Foreign Currency Bank Accounts
Capital Gains Tax: Foreign Currency Bank Accounts Who is likely to be affected? Individuals, trustees and personal representatives of deceased persons who hold bank accounts in a currency other than sterling.
Basis for setting the discount rate for calculating cash equivalent transfer values payable by public service pension schemes
Basis for setting the discount rate for calculating cash equivalent transfer values payable by public service pension schemes guidance issued by HM Treasury October 2011 Basis for setting the discount
Part surrenders and part assignments of life insurance policies
Part surrenders and part assignments of life insurance policies Consultation document Publication date: 20 April 2016 Closing date for comments: 13 July 2016 Subject of this consultation: Scope of this
High-risk areas of the tax code: the taxation of unauthorised unit trusts
High-risk areas of the tax code: the taxation of unauthorised unit trusts Who is likely to be affected? Unauthorised unit trusts (UUTs) and their investors. General description of the measure The measure
Basis for setting the discount rate for calculating cash equivalent transfer values payable by public service pension schemes
Basis for setting the discount rate for calculating cash equivalent transfer values payable by public service pension schemes updated guidance issued by HM Treasury March 2011 Official versions of this
Partnerships review: limited liability partnerships: treatment of salaried members
Partnerships review: limited liability partnerships: treatment of salaried members Who is likely to be affected? Individual members of a limited liability partnership (LLP) who work for the LLP on terms
Financial Services Commission of Ontario Commission des services financiers de l Ontario. Life Income Fund/Locked-In Retirement Account
Financial Services Commission of Ontario Commission des services financiers de l Ontario SECTION: Life Income Fund/Locked-In Retirement Account INDEX NO.: L050-100 TITLE: APPROVED BY: Requirements of the
The starting rate of tax for savings. Bulletin and FAQs 19 March 2014
The starting rate of tax for savings. Bulletin and FAQs 19 March 2014 1 Changes announced at Budget 2014: Summary of changes Starting Rate for Savings from 6 April 2015 As announced by the Chancellor at
Notes for Payroll Software Developers
Notes for Payroll Software Developers SERIES 12 NUMBER 8 March 2011 Contents: 1. Income Tax changes affecting PAYE March 2011 Budget 1.1 Summary of announcement 1.2 Specification for PAYE Tax Table Routines
The new Lifetime ISA. Overview
The new 1.1 This document sets out the high level design of the. This will form the basis of discussions with industry to finalise the parameters of the scheme and ensure it works in the simplest way for
VAT: Prompt Payment Discounts
VAT: Prompt Payment Discounts Consultation document Publication date: 17 June 2014 Closing date for comments: 9 September 2014 Subject of this consultation: Scope of this consultation: VAT invoicing and
STAMP DUTY LAND TAX BILL
STAMP DUTY LAND TAX BILL DRAFT EXPLANATORY NOTES INTRODUCTION 1. These explanatory notes relate to the Stamp Duty Land Tax Bill as introduced into the House of Commons on 4 December 2014. They have been
Changes to VAT zerorating of exports from the UK
Changes to VAT zerorating of exports from the UK Consultation document Publication date: 13 May 2013 Closing date for comments: 5 July 2013 Subject of this consultation: Scope of this consultation: Changes
Pension Annuity (including the Enhanced Pension Annuity)
Pension Annuity (including the Enhanced Pension Annuity) Terms and Conditions Retirement Investments Insurance Health Retirement Investments Insurance Health Retirement Investments Insurance Health Welcome
Local Government Pension Scheme Hampshire Pension Fund Retirement declaration form Explanatory notes
Local Government Pension Scheme Hampshire Pension Fund Retirement declaration form Explanatory notes Please read these notes before completing the enclosed form. What is the form about? You need to provide
NEW PENSION FLEXIBILITY WHAT S CHANGING AND WHAT DO I NEED TO DO? Benefits arising from the Lloyds Bank Offshore Pension Scheme; or
NEW PENSION FLEXIBILITY WHAT S CHANGING AND WHAT DO I NEED TO DO? These changes do not affect: Benefits arising from the Lloyds Bank Offshore Pension Scheme; or Benefits that have been built up in Your
Income tax computation
chapter 1 Income tax computation Contents Introduction Examination context Topic List 1 Charge to income tax 2 Gifts to charity 3 Independent taxation and jointly owned assets 4 Allowances for taxpayers
Survivor and death benefits
Survivor and death benefits January 2011 The Teachers Pension Scheme (TPS) provides important benefits which may be paid to your beneficiaries after your death. within 2 years of TP becoming aware of the
THE XYZ Pension and Life Assurance Scheme. Members Booklet January 2014 Edition. For Employees of the XYZ Company
THE XYZ Pension and Life Assurance Scheme Members Booklet January 2014 Edition For Employees of the XYZ Company Reviewed January 2014 CONTENTS Page 3 INTRODUCTION 4 TERMS USED IN THIS BOOKLET 7 GENERAL
Remote gambling taxation reform
Remote gambling taxation reform Who is likely to be affected? This measure will affect all gambling operators who supply remote gambling to UK customers. Some terrestrial gambling operators will also be
THE 2013 AUTUMN STATEMENT. Delivered by the Chancellor of the Exchequer George Osbourne on 5 December 2013
THE 2013 AUTUMN STATEMENT Delivered by the Chancellor of the Exchequer George Osbourne on 5 December 2013 1 On Thursday 5 December the Office for Budget Responsibility (OBR) published its updated forecast
Pensions Tax Reliefs
Our Vision Pensions Tax Reliefs To become the Best Provider of Solutions for Businesses in Coventry & Warwickshire Types of pension schemes There are two broad types of pension schemes from which an individual
Pensions - Tax Reliefs
Pensions - Tax Reliefs Types of pension schemes There are two broad types of pension schemes from which an individual may eventually be in receipt of a pension: Occupational schemes Personal Pension schemes.
Consultation on salary sacrifice for the provision of benefits in kind
Consultation on salary sacrifice for the provision of benefits in kind Consultation document Publication date: 10 August 2016 Closing date for comments: 19 October 2016 Subject of this consultation: Scope
NEW INHERITANCE TAX RULES
NEW INHERITANCE TAX RULES The chancellor, Gordon Brown has revised his proposed Budget measures in respect of trusts, following protests by the life assurance industry and MPs amongst others. HMRC have
Bank Payroll Tax. Technical Note, Draft legislation and Explanatory Notes
Bank Payroll Tax Technical Note, Draft legislation and Explanatory Notes 9 December 2009 1 Contents Introduction Chapter 1 Chapter 2 Chapter 3 Technical Note Draft Legislation Draft Explanatory Notes 2
Pensions Tax Reliefs. 03333 219 000 advice@bishopfleming.co.uk. www.bishopfleming.co.uk
Pensions Tax Reliefs Types of pension schemes There are two broad types of pension schemes from which an individual may eventually be in receipt of a pension: Workplace pension schemes Personal Pension
REPLACES: L050-100, L050-200, L050-201, L100-150, L100-200, L100-500, L100-600
Financial Services Commission of Ontario Commission des services financiers de l=ontario SECTION: Locked-In Accounts INDEX NO.: L200-200 TITLE: APPROVED BY: Locked-In Retirement Accounts (LIRAs) Superintendent
ARTI-IUR ROBINSON & HEDDER\VICKS 1996
ARTI-IUR ROBINSON & HEDDER\VICKS 1996 THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA HOUSE OF REPRESENTATIVES MEDICARE LEVY AMENDMENT BILL (NO. 2) 1996 EXPLANATORY MEMORANDUM (Circulated by authority
EXPLANATORY MEMORANDUM TO THE SOCIAL SECURITY BENEFITS UP-RATING ORDER 2010. No.793
EXPLANATORY MEMORANDUM TO THE SOCIAL SECURITY BENEFITS UP-RATING ORDER 2010 No.793 1. This explanatory memorandum has been prepared by the Department for Work and Pensions and is laid before Parliament
Replacing Wear and Tear Allowance with Tax Relief for Replacing Furnishings in Let Residential Dwelling- Houses
Replacing Wear and Tear Allowance with Tax Relief for Replacing Furnishings in Let Residential Dwelling- Houses Consultation document Publication date: 17/07/2015 Closing date for comments: 09/10/2015
Helping you understand inheritance tax planning. We ll help you get there
Helping you understand inheritance tax planning investments pensions PROTECTION We ll help you get there As Benjamin Franklin said, In this world nothing is certain but death and taxes. Inheritance tax
Marriage (Same Sex Couples) Act 2013
Marriage (Same Sex Couples) Act 2013 CHAPTER 30 Explanatory Notes have been produced to assist in the understanding of this Act and are available separately 10.75 Marriage (Same Sex Couples) Act 2013 CHAPTER
Issue address. For Reference
Tax Return 2016 Tax year 6 April 2015 to 5 April 2016 (2015 16) UTR NINO Employer reference Issue address Date HM Revenue & Customs office address Telephone Your tax return This notice requires you, by
Charter for Budget Responsibility: Autumn Statement 2014 update
Charter for Budget Responsibility: Autumn Statement 2014 update December 2014 Charter for Budget Responsibility: Autumn Statement 2014 update Presented to Parliament pursuant to Section 1 of the Budget
Current Issues April 2015
In this issue: Pension tax: a post-election change - whoever wins Further help to buy from the government A savings tax cut Selling your pension annuity Income tax changes Pension tax: a post-election
It is important to develop a long-term strategy for IHT planning using all the reliefs and exemptions that are suitable.
Introduction Substantial amounts of tax could be payable on the estates of individuals who do not plan for inheritance tax (IHT). The first 325,000 for 2012/13 is taxed at a nil-rate, but the balance of
Pay, benefits and time off. Nationwide Pension Fund
Pay, benefits and time off Nationwide Pension Fund Your CARE terms explained from 1 April 2011 Contents Page How to contact us 3 Introduction and key features 4 Terms you need to know 5 Contributing to
Child Benefit. a bad case of neglect? What is Child Benefit?
Child Benefit a bad case of neglect? The Coalition Government s austerity policies have been especially bad for families who rely on Child Benefit: it is being cut and it is ceasing to be a universal benefit.
EXPLANATORY MEMORANDUM TO THE EXCHANGE GAINS AND LOSSES (BRINGING INTO ACCOUNT GAINS OR LOSSES) (AMENDMENT) REGULATIONS 2015. 2015 No.
EXPLANATORY MEMORANDUM TO THE EXCHANGE GAINS AND LOSSES (BRINGING INTO ACCOUNT GAINS OR LOSSES) (AMENDMENT) REGULATIONS 2015 THE LOAN RELATIONSHIPS AND DERIVATIVE CONTRACTS (DISREGARD AND BRINGING INTO
HSC Pension Scheme. Information about Transfers Overseas
HSC Pension Scheme Information about Transfers Overseas Introduction This leaflet contains information about important changes to the HM Revenue & Customs (HMRC) tax rules with effect from 6 April 2006.
Finance Act 2015 CHAPTER 11 39.25
Finance Act 2015 CHAPTER 11 39.25 Finance Act 2015 CHAPTER 11 CONTENTS PART 1 INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX CHAPTER 1 CHARGE, RATES ETC Income tax 1 Charge and rates for 2015-16 2
The OBR and access to information. Robert Chote Chairman
The OBR and access to information Robert Chote Chairman Ottawa, 21 February 2013 Outline OBR s structure and remit Statutory entitlement to information What information do we need? Our agreement with departments
Family Law Act CHAPTER 27. Reprinted 1999
Family Law Act 1996 CHAPTER 27 First Published 1996 Reprinted 1999 Family Law Act 1996 CHAPTER 27 ARRANGEMENT OF SECTIONS PART I PRINCIPLES OF PARTS II AND III Section 1. The general principles underlying
HMRC Digital Strategy legislative changes to enable Paperless Self Assessment
HMRC Digital Strategy legislative changes to enable Paperless Self Assessment Consultation document Publication date: 27 November 2013 Closing date for comments: 27 December 2013 Subject of this consultation:
Life cover - protection for your family
AVON PENSION FUND Life cover - protection for your family Guidance notes for active members May 2015 Life cover protection for your family The LGPS provides valuable life cover and financial protection
KEY GUIDE. Pensions freedom drawing from your pension
KEY GUIDE Pensions freedom drawing from your pension Radical reform The changes revealed in the 2014 Budget were described by some retirement planning experts as a pensions revolution. The radical proposals
A guide to your new Prudential Annuity
A guide to your new Prudential Annuity > Thank you for choosing Prudential to provide your pension annuity. You might be receiving your pension directly from us or we are paying it on behalf of your pension
Deduction of income tax from savings income: implementation of the Personal Savings Allowance
Deduction of income tax from savings income: implementation of the Personal Savings Allowance Consultation document Publication date: 15 July 2015 Closing date for comments: 18 September 2015 Subject of
AIG Life. AIG Relevant Life Insurance. Adviser guide
AIG Life AIG Relevant Life Insurance Adviser guide Contents The basics 4 What is relevant life insurance? 4 Who is it suitable for? 4 What are the conditions that have to be met for relevant life insurance?
TERMS AND CONDITIONS PENSION ANNUITY.
TERMS AND CONDITIONS PENSION ANNUITY. This document is intended for reference both before and after the annuity has been bought. If you are looking at it before buying, we recommend that you also read
THE EMPIRE LIFE INSURANCE COMPANY LIFE INCOME FUND ENDORSEMENT QUÉBEC SUPPLEMENTAL PENSION PLANS ACT AND REGULATIONS
Policy Number: THE EMPIRE LIFE INSURANCE COMPANY LIFE INCOME FUND ENDORSEMENT QUÉBEC SUPPLEMENTAL PENSION PLANS ACT AND REGULATIONS Owner/Annuitant: The Policy Number indicated above is amended as described
Budget Setting Policy Process From Vision to Action. 10 June 2014
Budget Setting Policy Process From Vision to Action 10 June 2014 Darryl Wall & John Stokes HMRC Corporation Tax, International and Stamps Policy & Technical Specialists Protective marking Unclassified
KEY FEATurES of LEGAL & GEnErAL S PEnSIon AnnuITIES.
PEnSIon AnnuITIES KEY FEATurES of LEGAL & GEnErAL S PEnSIon AnnuITIES. Helping you make the right decisions for your future INsuRANCe. savings. INVesTMeNT MANAGeMeNT. 01 Key features of Legal & General
Important information to include on your tax return before sending it to us. Issue address. Tax year 6 April 2015 to 5 April 2016 (2015 16)
Important information to include on your tax return before sending it to us. Please make sure you include your: 10 digit Unique Taxpayer Reference (UTR) National Insurance number (NINO) employer reference
Open Market Option Application Form
Guaranteed Pension Annuity Open Market Option Application Form 1. QUOTE DETAILS Quote reference Official use only Application Number 2. YOUR PERSONAL DETAILS (THE ANNUITANT) Full name including title (Please
Solvency II and the Taxation of Life Insurance Companies
Solvency II and the Taxation of Life Insurance Companies Who is likely to be affected? This measure is relevant to UK life insurance companies and Friendly Societies. It will also affect overseas life
Income Tax Liabilities Statistics 2012-13 to 2014-15
Coverage: United Kingdom Theme: The Economy Released: 13 February 2015 Next Release: May 2015 Frequency of release: Twice yearly (Jan/Feb and Apr/May) Income Tax Liabilities Statistics 2012-13 to 2014-15
CIVIL SERVICE PENSIONS IMPORTANT UPDATES. Index linking. Pensions tax relief
CIVIL SERVICE PENSIONS IMPORTANT UPDATES Index linking Please note that Civil Service pensions will be index linked according to the Consumer Prices Index (CPI) from April 2011. Instead of the Retail Prices
Branston Adams. Chartered Certified Accountants. Suite 2, Victoria House, South Street, Farnham, Surrey. GU9 7QU
Branston Adams Chartered Certified Accountants Suite 2, Victoria House, South Street, Farnham, Surrey. GU9 7QU Tel: +44 (0) 1252 728 598 Fax: +44 (0) 1252 728 652 Email: paul@taxaccountancy.com www.branstonadams.co.uk
Private Housing (Tenancies) (Scotland) Bill [AS INTRODUCED]
![Private Housing (Tenancies) (Scotland) Bill [AS INTRODUCED]](/thumbs/40/20810153.jpg "Private Housing (Tenancies) (Scotland) Bill [AS INTRODUCED]")
Private Housing (Tenancies) (Scotland) Bill [AS INTRODUCED] CONTENTS Section 1 Meaning of private residential tenancy 2 Interpretation of section 1 3 Power to modify schedule 1 4 Extended meaning of tenancy
Tax Controls and your LGPS Benefits
Tax Controls and your LGPS Benefits In this leaflet we look at the HM Revenue and Customs (HMRC) rules that govern pension savings. Where pension terms are used, they appear in bold italic type. These
2011 No. ELECTRICITY GAS. The Warm Home Discount Regulations 2011
Draft Regulations laid before Parliament under section 31(2) of the Energy Act 2010, for approval by resolution of each House of Parliament. DRAFT STATUTORY INSTRUMENTS 2011 No. ELECTRICITY GAS The Warm
UNITED KINGDOM DEBT MANAGEMENT OFFICE. Executive Agency Framework Document
UNITED KINGDOM DEBT MANAGEMENT OFFICE Executive Agency Framework Document April 2005 UNITED KINGDOM DEBT MANAGEMENT OFFICE Executive Agency Framework Document April 2005 FOREWORD BY THE FINANCIAL SECRETARY
EXPLANATORY MEMORANDUM TO THE LIFE INSURANCE QUALIFYING POLICIES (STATEMENT AND REPORTING REQUIREMENTS) REGULATIONS 2013. 2013 No.
EXPLANATORY MEMORANDUM TO THE LIFE INSURANCE QUALIFYING POLICIES (STATEMENT AND REPORTING REQUIREMENTS) REGULATIONS 2013 2013 No. 1820 1. This explanatory memorandum has been prepared by Her Majesty s
Small Charitable Donations Act 2012
Small Charitable Donations Act 2012 CHAPTER 23 Explanatory Notes have been produced to assist in the understanding of this Act and are available separately 5.75 Small Charitable Donations Act 2012 CHAPTER
2014/15. Year End. Tax Planning. With careful tax planning, it may be possible to mitigate taxes or make them much more manageable
FINANCIAL GUIDE A GUIDE TO 2014/15 Year End Tax Planning With careful tax planning, it may be possible to mitigate taxes or make them much more manageable A GUIDE TO 2014/15 YEAR END TAX PLANNING With