Significant changes to the flexibility of pensions from 2015 mean that they now form a vital part of planning for any family business. Flexible access to pensions from age 55 Most pension investors aged at least 55 now have total freedom over how they take an income or a lump sum from their pension. [...]
A highly successful retail outlet in a prosperous suburb sold high-quality white goods, electrical goods, cookers etc. Its discerning customers came from far away to buy from this shop because of its reputation. Not surprisingly, it was a family-run business, going back several generations. Then one day, when shoppers passed by, they saw a [...]
"Should I stay or should I go?" The words of a Clash song from 1981, but questions over what constitutes UK residency (at least for tax purposes) have been around much longer than 30 years. As long ago as 1936, commentators were berating the government for the lack of clarity in relation to residence. [...]
If you have been involved in a marketed tax avoidance scheme in the past 10 years or more, and your case is not yet settled, you would be well-advised to consider embarking on a negotiated settlement with HMRC. Whist formal settlement opportunities - which were on offer at various times until 2015 - have [...]