UK - CCH Software has updated its Pension software to comply with the latest tax legislation.
The software, which automates the entire pensions return process, takes account of all the relevant legislation and calculates tax liabilities for members of self-administered schemes.
It also enables users to consider “what if?” scenarios, so the varying levels of tax an individual may have to pay can be assessed according to different circumstances.
It also uses open systems technology that enables data to be carried forward from one year to the next and allows the user to interrogate the data and create their own reports.
CCH director Valerie Murrell said: “Pension continues to relieve the practitioner of the considerable burden of time consuming compliance work.
“The great appeal of the system is its ease of use and suitability for the full range of requirements – from single user format for one or two returns a year to the multi-user version capable of dealing with the demands of the largest portfolio.”
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Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
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