https://standard_life.metafaq.com/templates/standard_life/asktech/newsListPage Latest news from Standard Life's Techzone en-GB Tue, 08 May 2007 18:00:00 GMT Thu, 02 Jul 2009 23:10:36 GMT http://feedvalidator.org/docs/rss2.html http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a165025%3a6&_mftvst:pageFrom=%24newsList *Updated* These amendments are proposals by the Conservatives and are yet to be debated. The Public Bill Committee, a cross-party group, has proposed some chances to the Finance Bill, affecting the new rules introduced by the Budget for high earners and higher rate tax relief. The amendments made to the Bill give with a larger allowance and less restrictions. Mon, 22 Jun 2009 09:04:01 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a165140%3a0&_mftvst:pageFrom=%24newsList The Finance Bill committee met on 18 June to discuss all the tabled pension amendments to the Bill and after discussion, the proposed amendments were withdrawn. Mon, 22 Jun 2009 09:03:09 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a164991%3a0&_mftvst:pageFrom=%24newsList The rounded down figure to use for calculations in June is 4.00% and for July is also 4.00%. Tue, 16 Jun 2009 14:23:34 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%3a164084%3a0&_mftvst:pageFrom=%24newsList The rounded down figure to use for calculations in May is 3.75% and for June is down to 4.00%. Tue, 19 May 2009 10:22:37 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a163857%3a1&_mftvst:pageFrom=%24newsList The Government today issued regulations which will allow occupational pension schemes to pay small pension pots entirely as a lump sum, without taking into account other pension benefits an individual may have. The new rules apply only to benefits held in an occupational pension scheme, and don't apply to personal and stakeholder pensions. Fri, 08 May 2009 13:56:06 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%3a163851%3a0&_mftvst:pageFrom=%24newsList The Personal Accounts Delivery Authority (PADA) has published a discussion paper to support the consultation on the investment approach for personal accounts. The consultation runs until 7 August 2009. Fri, 08 May 2009 13:31:40 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a163829%3a0&_mftvst:pageFrom=%24newsList The DWP have just published a guide for advisers on the upcoming changes coming into effect from April 2010. This includes the changes to State Pension age and the number of qualifying years needed for a full basic State Pension. Fri, 08 May 2009 12:53:07 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a163800%3a0&_mftvst:pageFrom=%24newsList HMRC have published issue 37 of their Pensions Newsletter, covering a number of issues, most important of which is a clarification on transfers for schemes with low retirement ages. It has been confirmed that where an individual has a protected pension age based on a special occupation or rights prior to A-Day, if they vest their benefits via unsecured pension (USP) and wish to subsequently transfer to a new provider, it would still have to be done as a block transfer in order to maintain the protected retirement age. Fri, 08 May 2009 12:51:06 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163216%3a0&_mftvst:pageFrom=%24newsList The proposed legislation announced in the Budget has now been published, in the Finance Bill 2009. Thu, 30 Apr 2009 14:04:54 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162994%3a7&_mftvst:pageFrom=%24newsList The Finance Bill 2009 will include legislation to prevent the exploitation of income tax loss relief rules using offshore life assurance policies. This measure does NOT in any way affect the ability of an individual to reduce their higher rate income tax liability using the corresponding deficiency relief provisions.  Fri, 24 Apr 2009 15:43:03 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163005%3a1&_mftvst:pageFrom=%24newsList  In his Budget speech on 22 April 2009, the Chancellor announced that tax relief on pension funding for those with income of £150,000 a year or more (known as high income individuals) will be capped. The government will consult with interested parties before announcing the detail of the changes to be made, from 6 April 2011. Thu, 23 Apr 2009 14:43:43 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162998%3a5&_mftvst:pageFrom=%24newsList Legislation is to be introduced to treat payments from the Financial Assistance Scheme broadly in the same way as payments from registered pension schemes. Thu, 23 Apr 2009 11:27:57 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163033%3a1&_mftvst:pageFrom=%24newsList We have now published our summary of the 2009 Budget Report, presented by the Chancellor yesterday. Thu, 23 Apr 2009 11:11:44 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162995%3a3&_mftvst:pageFrom=%24newsList The Finance Bill 2009 will extend the entitlement to a non-payable tax credit on dividends received from a non-UK resident company.  UK resident individuals with shareholdings in a non-UK resident company of 10% or more will now be entitled to the credit, in addition to those with shareholdings of less than 10%. Further, the non-payable tax credit will be restored for offshore funds that are largely invested in equities, irrespective of the size of the shareholding. These changes will be effective from 22 April 2009. Wed, 22 Apr 2009 18:07:10 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162996%3a3&_mftvst:pageFrom=%24newsList With effect from 1 September 2009, investment trusts that invest in interest bearing assets will have the option of reclaiming corporation tax they pay and passing on the tax liability to the shareholder. Wed, 22 Apr 2009 17:43:20 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163009%3a3&_mftvst:pageFrom=%24newsList HMRC have announced further steps in the harmonisation of taxes and duties they administer.  Changes affect payments, the introduction of a new voluntary payment plan for individuals and companies, penalties for late filing of returns, and late payment of tax, interest due and more.  Wed, 22 Apr 2009 17:41:28 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163011%3a2&_mftvst:pageFrom=%24newsList The time limits for taxpayers (income tax, CGT, corporation tax) to reclaim tax where a mistake has been made in the claimant's tax return is currently from five years and ten months to six years from the end of the period for which the return was made.  From 1 April 2010 repayments must be claimed within four years. Wed, 22 Apr 2009 17:33:10 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163016%3a1&_mftvst:pageFrom=%24newsList The Chancellor has confirmed that the freezing of the pension annual and lifetime allowances announced in his Pre-Budget speech will be implemented. Wed, 22 Apr 2009 17:30:36 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163002%3a2&_mftvst:pageFrom=%24newsList Dividends and other distributions from foreign companies received by UK companies will largely be exempt from corporation tax (CT). This will apply to dividends and distributions received on or after 1 July 2009. Wed, 22 Apr 2009 17:29:09 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162997%3a1&_mftvst:pageFrom=%24newsList From 6 April 2010 there will be a 50% rate of income tax on taxable income above £150,000, and the personal allowance will reduce by £1 for every £2 for individuals with income over £100,000.  The trust rate of income tax will increase from 40% to 50%. Wed, 22 Apr 2009 17:25:03 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%3a163013%3a1&_mftvst:pageFrom=%24newsList The Chancellor has announced an increase to £10,000 (from £6,000) in the amount of savings a pensioner can have before they affect their entitlement to state pension credit. Wed, 22 Apr 2009 17:22:27 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163003%3a3&_mftvst:pageFrom=%24newsList The stamp duty land tax threshold for residential property will remain at £175,000 until 31 December 2009. Wed, 22 Apr 2009 17:00:54 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163000%3a2&_mftvst:pageFrom=%24newsList Following consultation there are to be a number of minor amendments made to the remittance basis legislation introduced in last years Finance Act, which affect UK resident individuals who are either non-UK domiciled or not ordinarily resident in the UK. Wed, 22 Apr 2009 16:55:07 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163006%3a4&_mftvst:pageFrom=%24newsList The Finance Bill 2009 will include a relaxation of the time limits in which an EIS or VCT has to invest any money raised. Further changes applying to EIS only include changes to the rules for claiming income tax relief in the previous tax year. Wed, 22 Apr 2009 16:53:02 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a163001%3a2&_mftvst:pageFrom=%24newsList The government will contribute £100 every year to the Child Trust Fund accounts for all disabled children, with severely disabled children receiving £200 per year. The payments will start in April 2010 for children in receipt of Disability Living Allowance at any point in 2009/10. Wed, 22 Apr 2009 15:51:26 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162999%3a3&_mftvst:pageFrom=%24newsList The tax treatment of FSCS assistance to an insurer who makes pension provision is to be broadly the same as that under a registered pension scheme. Wed, 22 Apr 2009 15:27:12 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162993%3a2&_mftvst:pageFrom=%24newsList This affects individuals who have (or will) receive compensation from the Financial Services Compensation Scheme (FSCS) because of the default of a financial institution, such as a bank and the compensation includes a payment in respect of accrued interest. Wed, 22 Apr 2009 15:16:55 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162990%3a2&_mftvst:pageFrom=%24newsList The ISA limit will be raised from 6 October 2009 for people aged 50 and over to £10,200, up to £5,100 of which can be saved in cash.  From 6 April 2010 this new limit will apply to all ISA investors.   Wed, 22 Apr 2009 15:00:46 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162991%3a1&_mftvst:pageFrom=%24newsList The reliefs from inheritance tax, agricultural property relief (APR) and woodlands relief (WR),  have been extended to property in the European Economic Area (EEA). Property qualifying for either relief will also qualify for capital gains tax holdover relief. Wed, 22 Apr 2009 14:49:42 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fest%3a162047%3a1&_mftvst:pageFrom=%24newsList Following on from its High Court victory in the case of Bower, HMRC has confirmed the valuation basis to be used for discounted gift schemes. Mon, 06 Apr 2009 16:17:44 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a162041%3a0&_mftvst:pageFrom=%24newsList Due to a last minute rush overwhelming the DWP's pension forecast system, they along with HMRC have extended the period for the payment of Class 3 voluntary National Insurance contributions by one month. Mon, 06 Apr 2009 15:25:47 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a162046%3a1&_mftvst:pageFrom=%24newsList It is confirmed that the cap for the Pension Protection Fund (PPF) effective from 1 April 2009 is £31,936.32. The actual cap for those members below the normal retirement date of a scheme taken over by the PPF is 90% of this, equating to £28,742.69. Mon, 06 Apr 2009 15:21:04 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a162049%3a0&_mftvst:pageFrom=%24newsList With the commencement of the 2009/10 tax year, it is worth remembering two significant changes to the pensions regime: the abolition of safeguarded rights and the passing of the deadline to apply for transitional protection. Mon, 06 Apr 2009 15:09:52 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a162042%3a3&_mftvst:pageFrom=%24newsList Increases to the personal tax allowances and National Insurance Contributions that were announced in the Pre-Budget Report in November 2008, take effect from 6 April 2009, being the first day of the 2009/10 tax year.       Mon, 06 Apr 2009 15:05:45 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a156593%3a1&_mftvst:pageFrom=%24newsList HMRC is expected to issue new GAD (Government Actuary's Department) tables shortly, to reflect lower gilt yields. The current tables show a range of gilt yields from 3% to 8%. For adults, a 15-year gilt yield is used (rounded down to the nearest 0.25%). The adult rate for February 2009 is 3.75%, having fallen from 4.75% in January 2008. Tue, 17 Feb 2009 16:46:11 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a156128%3a0&_mftvst:pageFrom=%24newsList The rounded down figure to use for calculations in February is 3.75% and for March is up to 4.00%. Mon, 16 Feb 2009 15:41:15 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fbudget09%3a156050%3a1&_mftvst:pageFrom=%24newsList Alistair Darling will make his Budget statement to the House of Commons on 22 April 2009 at 12:30pm. Thu, 12 Feb 2009 12:21:19 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2ftandl%3a155706%3a0&_mftvst:pageFrom=%24newsList Married couples and civil partners whose spouse or civil partner dies intestate will benefit from an increase to the statutory legacy that came in from 1 February 2009. Thu, 05 Feb 2009 11:14:54 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a155330%3a2&_mftvst:pageFrom=%24newsList Regulations have now been laid before Parliament, confirming that the current restrictions on safeguarded rights benefits will be removed with effect from 6 April 2009. This means that safeguarded rights benefits will become available from age 50 (55 from 2010) and lump sums of up to 25% of the fund may be taken.  They will not become protected rights, even though they originated from contracted out benefits. Wed, 04 Feb 2009 10:40:53 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%3a154870%3a4&_mftvst:pageFrom=%24newsList HMRC have issued a reminder that the 31 January tax return deadline is just around the corner.  Mon, 26 Jan 2009 13:57:40 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a154883%3a1&_mftvst:pageFrom=%24newsList The rounded down figure to use for calculations in January is 4.00% and for February is down to 3.75%. Mon, 19 Jan 2009 16:38:41 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%3a154576%3a2&_mftvst:pageFrom=%24newsList HMRC have announced a reduction in the valuation rate of interest from 6.75% pa to 5.25% pa with effect from 1 February 2009. Thu, 08 Jan 2009 10:35:59 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fPBR08%3a152355%3a5&_mftvst:pageFrom=%24newsList Various personal taxation rates, thresholds and limits have been announced in the Pre-Budget Report 2008.  Some changes take effect before April 2009 and others from April 2009 and beyond. Mon, 22 Dec 2008 10:18:45 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fest%3a152985%3a0&_mftvst:pageFrom=%24newsList The full inheritance tax account IHT 200 is being phased out to be replaced by a new form IHT 400 which is now available. It will still be possible to use the IHT 200 until 8 June 2009. Mon, 22 Dec 2008 10:14:56 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a153681%3a0&_mftvst:pageFrom=%24newsList The rounded down figure to use for calculations in December 2008 is 4.50% and for January 2009 is down to 4.00%. Tue, 16 Dec 2008 15:25:13 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2ftandl%3a152698%3a0&_mftvst:pageFrom=%24newsList Bradford & Bingley, HBOS and Royal Bank of Scotland have all announced that they will not be paying their 2008 interim dividend in cash, but will be distributing new shares of an equivalent value to the cash dividend that would otherwise have been paid. The shares are not a dividend and will not be taxed as one. Mon, 01 Dec 2008 08:54:28 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fpens%3a152530%3a0&_mftvst:pageFrom=%24newsList The Pensions Act 2008, which sets out many of the Government's key pension reforms for the coming few years, finally received Royal Assent yesterday. Thu, 27 Nov 2008 14:44:17 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fPBR08%3a152520%3a0&_mftvst:pageFrom=%24newsList Last year, having obtained information from the top five banks, HMRC introduced the offshore disclosure facility to give UK taxpayers the opportunity to come clean on their offshore accounts. It now appears that HMRC are continuing their drive against tax evasion via offshore accounts by gathering information from more banks and building societies. Thu, 27 Nov 2008 12:01:23 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fPBR08%3a152341%3a2&_mftvst:pageFrom=%24newsList The small companies' rate of corporation tax was due to increase from 21% to 22% from 1 April 2009. This increase is now deferred until 1 April 2010. Tue, 25 Nov 2008 09:54:36 GMT http://standard_life.metafaq.com/templates/standard_life/asktech/newsPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fstandard_life%2fModules%2fnews%2fTopics%2fPBR08%3a152356%3a1&_mftvst:pageFrom=%24newsList A number of changes to income tax and national insurance contributions (NICs) will be introduced from 6 April 2011. These include a new 45% (37.5% for dividends) rate of tax for trust income and for personal income over £150,000 and a 0.5% increase to NICs. Tue, 25 Nov 2008 09:16:33 GMT