What Does The Supreme Court Ruling On Pension Transfer Mean?
Inheritance Tax (IHT) is extremely confusing for clients. However, the latest ruling from the Supreme Court provides clarity over whether pension transfers should be subject to an IHT charge. Under current rules, any pension transfer made by someone who subsequently dies within two years of the transfer could result in the remaining defined contribution pension […]
IUA Get A Response From The Law Society
Recently, we published that the International Underwriting Association of London (IUA), the trade body with the responsibility for underwriting professional indemnity insurance (PII) have written an open letter of the industry warning them about their PII renewals. The trade body was concerned that professional indemnity insurance (PII) “could become unsustainable” if underwriters couldn’t cancel policies where […]