Podcast Location:
Download it here [file size: 36.8 MB]
Categories:
Employment Law
Pensions Law
Tax Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast is aimed at pensions and employment practitioners and those who deal with high net worth individuals who contribute to a UK pension. It aims to set out how the restrictions to the tax allowances for high earners is likely to impact upon the way they view their pension and how contributions can be managed in the most tax efficient manner.

Outcomes:
After completing the course you will:
  • Know the new limits for tax relief on pensions;
  • Understand what the principle changes are;
  • Know when the changes will take effect and who they will affect;
  • Know how income tax applies to pensions over particular tax allowances;
  • Understand the impact the tax changes will have on defined benefit scheme;
  • Be aware of the options for mollifying the impact on defined contribution schemes;
  • Understand the impact the tax changes will have on defined contribution schemes;
  • Be aware of the effect of the abolition of the requirement to purchase an annuity by 75;
  • Know how the changes affect the 3 main types of Top-up schemes.
Level:
Complex Difficulty: 4 of 5
Classification:
Legal Principles
Practical Guide
Sources and References:
  • There are no relevant citations for this podcast.
Tags:

This podcast, with pensions partner Ian Wright of Mayer Brown, looks at the radical changes to the tax allowances applicable to pensions for high earners. It will address the possible fallout from the changes affecting both defined contribution and benefit schemes and what practical steps might be taken to mitigate the tax hit.

Podcast added: 07/06/11

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