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My PFS - Technical news - 21/06/16

22 June 2016
Personal Finance Society news update from the 08 June to 21 June 2016 on taxation, retirement planning, and investments.    Read more »

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Members get access to a range of benefits, including quality CPD and discounts on CII exams.

Trusts and the residence nil rate band »

As is well known by now, from 6 April 2017 an additional IHT allowance will be available in respect of a residence which the testator owns or has owned in the past. This is called the "residence nil rate band" (RNRB) and will be given by an increase in the nil rate band available to the individual. Whilst we still don't have all the final detail (the downsizing provisions are still being debated and are to be included in the Finance Act 2016) we know enough to be able to include RNRB considerations in any estate planning exercise. This month we will consider how the RNRB provisions interact with trusts.

Single premium investment bonds »

We provide a summary of the valuation rules for death benefits for chargeable event and inheritance tax (IHT) purposes following the death of the sole or last surviving life assured under a single premium life assurance bond (Bond).

A Matter of Life and Death »

The introduction of more flexibility in the way retirement benefits are taken from money purchase schemes (and by implication, defined benefit schemes), has been accompanied by significant changes to the rules relating to death benefits. The taxation of those death benefits is arguably a simpler topic now although greater flexibility has brought more complication in the area of survivor pensions.

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 or call 0207 417 4415/3574.

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.

IIL lectures »

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 »