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UK Pensions: Act now to avoid reduction in the lifetime allowance of tax free pension benefits

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348 of 348 posts
16 January 2012
UK Pensions: Act now to avoid reduction in the lifetime allowance of tax free pension benefits
From 6 April 2012 the lifetime allowance will be reduced by £300,000 to £1.5 million.  Pension benefits in excess of the lifetime allowance will be taxed at 55%.   Now is…
16 January 2012
Increase of qualifying period for unfair dismissal and introduction of Tribunal fees to “increase competitiveness”
On 3 October 2011 it was announced that the length of the unfair dismissal qualifying period would increase to 2 years and that fees would be introduced for bringing Employment…
16 January 2012
Are your partners and LLP members really employees? Court raises spectre of employee liabilities
The Employment Tribunal found that an individual who had been a member of an LLP (paying tax and NI as a self employed person) should have been regarded as an…
16 January 2012
Agency Workers Regulations – in force from 1 October 2011
On 1 October 2011 the Agency Workers Regulations come into force in the UK.  Employers of the estimated 1.3 million agency workers in the UK take note! What is the…
16 January 2012
UK Immigration Update
We set out a summary of the latest developments in UK immigration Law. Changes to the Sponsorship Management System (“SMS”) From 1 October 2011 there will be changes to the…
16 January 2012
Carrying forward holiday entitlement accrued while on sick leave
The Employment Appeal Tribunal recently held that employees who accrue holidays during a period of sick leave will carry forward any untaken holiday entitlement to future holiday years automatically.  It…
16 January 2012
Challenging the status of self-employed contractors
The Supreme Court has restated that the label that the parties apply to a work contract is not determinative of the worker’s status if it does not reflect the reality. …
16 January 2012
Funds in Swiss bank accounts to be taxed from 2013
The UK and Switzerland have reached an agreement which will see funds in Swiss bank accounts taxed and the proceeds remitted to the UK Treasury. How it will work From…
16 January 2012
Proposed new statutory residence test – some reflections
The consultation period relating to the proposed introduction of a statutory residence (and ordinary residence) test in the UK closed on the 9th September 2011.  We are now awaiting the…
16 January 2012
Government to provide £250 million to employers for training to support apprenticeships
The government has announced a £250 million fund which is to be provided directly to employers.  The purpose of this fund is to enable employers to develop vocational skills training…