The recent case of Lefort v HMRC [2024], featuring one of Wedlake Bell’s very own Pensions Compass articles, serves as a costly reminder to fixed protection holders that inadvertent pension contributions will not be treated favourably by HMRC or the
More about Part 2 – Taxpayer’s mistake no defence to loss of his protectionBackground Mr Roy Thomas (the “Appellant“) applied for a cohabiting partner’s pension and a lump-sum death grant from the Southwark Pension Fund (the “Respondent“) following the death of his partner, Ms. Claudette Coke, on 11 March 2021. The Appellant and
More about Part 1 – Cohabitation and financial interdependence – A lesson from the high courtThe Chancellor, Rachel Reeves, delivered her highly anticipated first Mansion House speech to city leaders on 14 November 2024. Whilst her speech touched on a broad range of financial services policy, it was her announcements on pensions that drew the
More about Part 3 – The Mansion House speech: Unlocking pension fund investment and driving economic growthPARLIAMENT Effective Date Effect Bills (and Acts not yet in force) Finance Bill 2024 – 2025 In House of Commons, due to be enacted by 5.4.25 Changes to treatment of transfers to QPOPS in EEA and conditions for QROPS in
More about Part 5 – Pensions ready reckoner December 2024The festive season is a time for celebration, offering a chance for employers to reward their staff and for colleagues to connect in a more informal and relaxed setting. Office Christmas parties often serve as a well-earned opportunity to unwind
More about Sexual harassment and Christmas partiesWe set out below the questions asked at our seminar “Building Safety Act In Practice” and our answers to them. For further information please visit Wedlake Bell construction team insights on our BSA microsite, which covers many topics: Building Safety
More about Building Safety Act in practice: Questions & answersDoes the assignment by an office-holder under s 246ZD Insolvency Act 1986 carry with it the right to make use of documents obtained by the office-holder under s 236 in pursuing the assigned cause of action? Asertis Ltd & Anor
More about Asertis Ltd & Anor v Melhuish & Ors [2024]The Autumn Budget 2024 included confirmation that the tax break currently enjoyed by private schools will be removed and value added tax (VAT) will apply to fees from January 2025. Wealth transfer between generations can help fund school fees as
More about School fees and education trustsThe Budget delivered by Rachel Reeves on 30 October 2024 was one of the most anticipated of recent times. Whilst significant fiscal changes affecting the property market were unlikely, there was an expectation that there would be an increase in
More about Autumn Budget 2024: Property taxesThe headline for Chancellor Rachel Reeves’ first Budget on 30 October 2024 (“the Budget“) was “Fixing the Foundations to deliver Change” and, as expected, there were significant changes announced that affect private clients and their personal taxation. This article provides
More about In Trust – Autumn Budget 2024: Inheritance tax and capital gains tax planning points