The Chancellor has just announced in Parliament that: the Coronavirus Job Retention Scheme will remain in place and be available to all sectors through to the end of October the scheme will continue without change until the end of July from August there will be greater flexibility in particular, employers currently using the scheme will … Read more

Despite all of the traditional talk of changes to pensions tax relief in the run-up to the Budget, today’s Budget turned out to be a quiet one for pensions, with the Chancellor’s focus and priorities elsewhere. However, the Budget did include some pensions-related announcements including the launch of the consultation on the future of the … Read more

On 20 February 2020, HMRC finally published its long awaited guidance on some of the tax issues associated with implementing GMP equalisation. While the guidance provides helpful clarity in some areas, its scope is limited and it leaves a lot of significant questions unanswered. In particular, the guidance does not address the tax consequences of … Read more

HMRC has today issued its long-awaited guidance on some of the tax issues associated with implementing GMP equalisation. The guidance is limited in scope as it only relates to benefit adjustments where the reason for the adjustment is solely GMP equalisation. In addition, it only relates to equalisation methods where a dual record keeping (or … Read more

So, the Conservatives return to Government with an 80 seat majority – a result few people predicted in the run-up to last Thursday’s poll. At a macro level, this removes a great deal of the (immediate) uncertainty that has existed since the EU referendum in June 2016. Barring a very unexpected turn of events, we … Read more

Your guide to future developments The past year has been marked by major economic and political uncertainty in the UK and globally. Read more

Your guide to future developments Pensions regulation never stands still. Read more