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Pensions articles and features

A collection of features and articles on pensions to support your clients.

Displaying 1-20 of 121 results
INSIGHTS VIEWPOINT Tax relief for pension contributions can be claimed online
  • Feb 2025
  • ICAEW Insights
Pay as you earn (PAYE) taxpayers who want to claim additional tax relief for contributions to a personal or workplace pension scheme can use a new HMRC online form.
INSIGHTS VIEWPOINT New tax return requirements for sole traders and directors
  • Feb 2025
  • ICAEW Insights
Taxpayers may need to provide more information in their 2025/26 self assessment tax returns as some voluntary requirements have been made mandatory and new mandatory requirements have also been introduced.
INSIGHTS VIEWPOINT Check for state pension gaps by 5 April 2025, says HMRC
  • Feb 2025
  • ICAEW Insights
HMRC is encouraging people to check if they could increase their state pension by making voluntary national insurance (NI) contributions by 5 April 2025.
INSIGHTS VIEWPOINT Over one million taxpayers may face £100 penalty
  • Feb 2025
  • ICAEW Insights
HMRC estimates that 1.1 million taxpayers missed the 31 January 2025 deadline for filing their 2023/24 tax return. ICAEW explains the penalties, and why late filers should consider whether an easement applies, or if they have grounds to appeal.
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INSIGHTS VIEWPOINT ICAEW CHART Chart of the week: Pensioners on the rise
  • Jan 2025
  • ICAEW Insights
Our chart this week highlights how the number of pensioners in the UK is expected to increase by 14% over the next 10 years. This will have major implications for the public finances.
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INSIGHTS VIEWPOINT TECHNICAL ROUND UP Technical round-up: January 2025
  • Jan 2025
  • ICAEW Insights
This month’s top stories feature Parliament accusing HMRC of damaging trust in the tax system; a warning to not respond to a fraudulent agent services text message; and more from the How to fix VAT campaign.
INSIGHTS VIEWPOINT 31 January deadline for public sector pension scheme members
  • Jan 2025
  • ICAEW Insights
ICAEW explains why 31 January 2025 is a key deadline for members of public sector pension schemes disclosing McCloud tax charges and highlights HMRC guidance on completing the 2023/24 tax return where a pension statement is received late.
Tax news in brief 29 January 2025
  • Jan 2025
  • ICAEW Insights
Highlights from the broader tax news for the week ending 29 January 2025, including: an update on Finance Bill 2024-25; new HMRC guidance on labour supply chain assurance; and notification of a one-to-many campaign from HMRC.
INSIGHTS VIEWPOINT ICAEW’s view on plans to charge IHT on pensions
  • Jan 2025
  • ICAEW Insights
ICAEW is concerned that the proposed processes for bringing more pensions within the scope of inheritance tax (IHT) will cause delays in payouts to beneficiaries and place a significant administrative burden on pension scheme administrators (PSAs).
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Exclusive AUDIT AND ASSURANCE FACULTY Efficient pensions audits for trustees: relationships matter
  • Jan 2025
  • Helen Pierpoint and Amelia Pickard
  • Audit and Beyond
Planning and communication between management, auditors and trustees are key to an efficient audit process that can reduce the burden on pension scheme trustees. Helen Pierpoint and Amelia Pickard outline why and how.
dec 13 COTW
INSIGHTS VIEWPOINT ICAEW CHART Chart of the week: UK public sector pension liabilities
  • Dec 2024
  • ICAEW Insights
Our chart this week looks at how public sector net pension obligations reduced by £1.2tn from £2.6tn to £1.4tn during the financial year ended 31 March 2023 as a consequence of a sharply rising discount rate.
TAX FACULTY Tax news in brief 11 December 2024
  • Dec 2024
  • ICAEW Insights
Highlights from the broader tax news for the week ending 11 December 2024, including: an evaluation of rent-a-room relief; a new HMRC tool relating to umbrella companies; and an update on freeports.
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INSIGHTS VIEWPOINT ICAEW CHART Chart of the week: US federal debt
  • Dec 2024
  • ICAEW Insights
Our chart this week looks at how US federal debt has almost doubled over the past decade from $17.8tn in September 2014 to $35.5tn at the end of the most recent financial year in September 2024, with debt held by the public increasing from $12.8tn to $28.3tn.
INSIGHTS VIEWPOINT How agents can help with McCloud tax changes
  • Dec 2024
  • ICAEW Insights
ICAEW explains how agents can make use of HMRC’s online service to correct the tax position of a client affected by the public service pensions remedy (also known as McCloud).
PROFESSIONAL STANDARDS DEPARTMENT Insolvency round-up 2024: issues raised during quality assurance visits
  • Dec 2024
  • Professional Standards Department
ICAEW’s Restructuring and Insolvency Community roadshows cover key issues facing insolvency practitioners (IPs). In the final webinar of the 2024 series, Allison Broad, Head of Insolvency Monitoring, and Victoria Alexandrou, Insolvency Manager, discussed the most important findings from monitoring reviews, and highlighted some recent and upcoming changes affecting IPs.
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INSIGHTS VIEWPOINT ICAEW CHART Chart of the week: Economic outlook
  • Nov 2024
  • ICAEW Insights
Our chart this week looks at how the OBR is forecasting growth in economic activity per person of 1.1% a year between 2024 and 2030. While better than the average of 0.3% a year achieved over the past 16 years, it is significantly lower than the 2.3% a year seen in the 50 years before that.
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INSIGHTS VIEWPOINT ICAEW CHART Chart of the week: Autumn Budget 2024
  • Oct 2024
  • ICAEW Insights
Our chart this week looks at how the fiscal baseline inherited by the Chancellor has changed as a consequence of the Autumn Budget, with higher capital investment driving up borrowing needed to fund the deficit over the next five years.
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INSIGHTS VIEWPOINT ICAEW CHART Chart of the week: pre-Budget fiscal baseline
  • Oct 2024
  • ICAEW Insights
Our chart this week looks at the fiscal baseline inherited by the Chancellor ahead of her first Budget next week.
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INSIGHTS VIEWPOINT ICAEW CHART Chart of the week: a new debt target?
  • Oct 2024
  • ICAEW Insights
Our chart this week takes a look at how the debt target in the Autumn Budget later this month could change and what that might mean for the Chancellor’s capacity to borrow to invest.
Tax news in brief 16 October 2024
  • Oct 2024
  • ICAEW Insights
Highlights from the broader tax news for the week ending 16 October 2024, including: an update on the new independent film tax credit; HMRC encourages taxpayers to look online for information; and a HMRC one-to-many campaign relating to 2022/23 tax returns.
Displaying 1-20 of 121 results