Tax Efficient Retirement Planning

Tax Efficient Retirement Planning, Second Edition provides a clear explanation of this complicated subject and brings together the latest changes in tax law and HMRC practice. Split into four parts, it provides an easy to use reference source. Part one describes the general tax rules which apply to all registered pension schemes; part two describes the issues associated with higher earners and tax planning; part three looks at overseas issues and part four looks at the disguised remuneration rules.

IFAs, pension practitioners, pension providers, pension advisers, pension trustees, tax advisers and accountants, pension lawyers, company secretaries and specialist advisers to high earners will all benefit from this book.

Tax Efficient Retirement Planning, Second Edition is updated to the Finance Act 2011 and includes all recent developments including changes in HMRC practice, HMRC guidance and Treasury guidance.

Key features and content include:

Clear explanation of the tax rules for all pension schemes

Tax reliefs and charges, including the reduced lifetime and annual allowances

New rules for calculating pension input and taking charges from pension funds

Examples of the new carry-forward relief provisions

Comprehensive coverage of transitional protection from previous regimes

New rules for capped drawdown and flexible drawdown

Tax treatment of lump sums on retirement, serious ill-health and death

Revised inheritance tax treatment of pension funds

Investment rules, transfer rules and new triviality rules

Compliance, disclosure, reporting and self-assessment

Investment regulated pension schemes, excepted group life policies, employer-financed retirement benefit schemes and the disguised remuneration regime

Worked examples and sourcing

Alec Ure

Associate and founder of Alec Ure & Associates

Alec Ure has over 40 years' experience in all aspects of pensions work, with HMRC, Hewitt Bacon & Woodrow (Legal Department) and Gissings (Technical Team). Alec has wide knowledge of both DWP and HMRC legislation and practice and is a specialist in legal drafting for UK as well as off-shore and other international pension schemes. Alec is an established author of many specialist books and articles on pensions.