les_cameron
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- les_cameron
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I think you should wait until the finance bill gets royal assent as the rules are up in the air and we've ntto got the faintest idea how the LTA will be abolished. Keep thinking about scenarios but wait until the picture is clearer (in my view) …
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And just about everything you need to know about TSR in 11 minutes https://www.mandg.com/pru/adviser/en-gb/insights-events/insights-library/top-slicing-relief
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I believe Quilter tool only tells you the tax on the bond gain and doesn't allow for other tax issues created by gains. So you might want to pop it in here - https://www.mandg.com/pru/adviser/en-gb/tools-calculators/tax-relief-modeller
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Your AA / tax relief thoughts are correct. If I was picky (and excluding DB accrual/conts) I'd say they could get pension contributions from all sources of up to £70,000 without triggering an annual allowance charge. The tax relief position wi…
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@benjaminfabi said: If a member retains an 'employment link' to a DB scheme that's closed to future accrual eg a salary link, then the carve-out isn't applicable. Yes, if your service is stagnant but you have a link to a final salary then…
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@Nath said: On that basis and that Clerical Medical will surely be buying the annnuity to pay the GMP, it would be the £131K I suppose. No, the 65k fund value doesn't support the GMP so it'll be GMP x 20. They will need to use the 131k t…
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You need to look at each arrangement separately and whether they are active or deferred is a matter of fact based on the circumstances. The 95 section appears deferred, the 2015 does not. But I'm by no means an NHS pensions expert
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Hi You have said s32 here. My understanding is where the fund value supports the GMP you have a lifetime annuity essentially so use fund value. If it does not, as in your case it is effectively scheme pension so multiply by 20.
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From PruAdviser Tech Centre The general rule is that property does not qualify for business property relief unless it was owned by the transferor throughout the two years immediately preceding the transfer (S106). The nature of the business carri…
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I believe your personal and SIPP holdings are combined too. So 85k in total
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@HR246 said: Thanks both. I have been trying to wrap my head around it and think I have made some progress. The Pru example is helpful, as is the Quilter chargeable gains calculator. I have looked at an example here https://www.moneymarket…
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"Investments with a life insurance element presumably includes a PruFund ISA too." Yes!
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I've always understood they are considered but this is the DWP guides for Staff if you scroll down to H2 - Capital Disregards you will see that onshore investment bonds are disregarded indefinitely. https://www.gov.uk/government/publications/advice-…
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They can effectively invest in anything their articles of association allow. Pru gave a guide to corporate investing you may find useful. There are many tax considerations but at the end of the day it's an investment decision. https://www.mandg.…
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Pru also have a gain calculator that also allows you to model different outcomes based on the withdrawal amount. https://www.mandg.com/pru/adviser/en-gb/tools-calculators/bond-gain-tool Identifying the minimum gain isn't necessarily correct th…