The Office of Tax Simplification (OTS) expects the exemption for trivial benefits in kind to be re-introduced in 2016.
Speaking at Pensions and Benefits UK, OTS tax director John Whiting explained that he was surprised the measure, which excludes benefits under £50 from benefits in kind tax, was dropped. The change...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.