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My PFS - Technical news - 23/05/16

23 May 2017
Personal Finance Society news update from the 10th to 23rd May 2017.    Read more »

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Dividend v salary v pension revisited »

In this second article we examine, with examples, a few typical situations that put some numbers behind the general consideration of the relative position of dividends or salary as the most effective means of withdrawing money from a company for shareholding directors.  But before doing so we would point out that since the first article was written, the Finance (No2) Bill 2017 received Royal Assent.  One of the clauses in the Bill that was omitted from the Act was the one to reduce the dividend allowance from £5,000 to £2,000 with effect from tax year 2018/19.  We must wait until after the June General Election to see whether the new government will legislate for the reduction.

Changing face of pension planning »

Since the pension freedoms there has been a great deal of discussion about consumers cashing in their pensions as soon as possible after age 55 and living on the bread line through retirement. This may well be the case for those with smaller pots, but those that have saved significant amounts both in and outside their pensions will be looking at their pension pots in different ways such as an IHT vehicle. This will clearly mean that the conversations held with advisers will be changing. It won't necessarily be about how and when they access their funds, but more about what other assets to rely on to preserve their pension benefits for future generations. This will mean advising clients for longer on their pensions as it may no longer be secured by way of an annuity at some point before death. In addition, moving pensions from secure income in a defined benefit schemes are appealing to those wanting to preserve funds beyond their death.

Are pilot trusts dead and buried? »

It has been suggested that, following the introduction of the rules on same-day additions to existing settlements in the Finance Act 2015, there is no longer room for pilot trusts in estate planning. Is this really the case? Is IHT planning using the Rysaffe principle still viable?

Recent additions to the CII library »

A list of recent book purchases by month, from May 2012 onwards. To view these and print collection, please visit the library catalogue. Most of these books can be borrowed by CII members, and a postal service is available. For further information, please contact the library at knowledge@cii.co.uk or call 0207 417 4406.

Insurance Institute of London

The Insurance Institute of London (IIL) aims to raise the levels of professional knowledge of those working in insurance in London and assists members in their career development and supports the role and work of the CII. Podcasts, videos and lecture notes from past IIL lectures are available on this site.


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Policy and Public Affairs

The CII is committed to enhancing the reputation and standing of the insurance and financial services sector. To support this, Policy and Public Affairs produce material covering a wide range of subjects including UK and European regulation, industry developments, legislation and regular public affairs updates.


Policy research »