Technical centre

Explore our technical information and guides

1. All
2. Financial planning
3. ISA
4. Pension
5. Regulation and legislation
6. Tax

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  Lifetime allowance

  Last updated 9 December 2020. The Lifetime Allowance came into force in 2006 as part of the A-Day tax regime. It seeks to limit the amount of pension savings over an individual’s lifetime that can benefit from tax relief.
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  Junior ISA basics

  Last updated 9 December 2020. Junior Individual Savings Accounts (JISAs) are long-term, tax-free savings accounts for children. JISAs let you save and invest on behalf of a child under 18.
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  Tapered annual allowance

  Last updated 12 January 2021. From April 2020 the amount of the threshold where the allowance is tapered has increased to £240,000 so that anyone with both an ‘adjusted’ income of over £240,000 and ‘threshold’ income of £200,000 will have their allowance reduced accordingly.
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  Money purchase annual allowance

  Last updated 12 January 2021. From the 2015/16 tax year, individuals who have flexibly accessed a money purchase arrangement will, in certain circumstances, trigger a money purchase annual allowance.
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  ISAs on death

  Last updated 9 December 2020. ISAs have a number of tax advantages, in this note we take a look at the extent to which ISAs are tax exempt in the administration of an estate.
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  ISA qualifying investments

  Last updated 9 December 2020. We take a look at the investments that can be placed inside a stocks and shares ISA, as well as an overview of some investments that cannot be placed in ISAs.
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  ISA basics

  Last updated 9 December 2020. An ISA is a great way to save for the long-term and protect any profits or interest earned from tax. For investors, returns from ISA savings are free of UK income tax and capital gains tax.
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  ISAs additional permitted subscriptions

  Last updated 9 December 2020. In 2014, it was announced that an ISA could be inherited by a surviving spouse or civil partner, this effectively is an increased ISA allowance and is known as the additional permitted subscription.
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  Benefit crystallisation events

  Last updated 12 January 2021. UK Legislation specifies certain occasions when a scheme administrator must check whether the pension benefits arising at that point exceed a member’s available lifetime allowance.
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  Annual allowance

  Last updated 12 January 2021. Introduced in April 2006, the annual allowance is the maximum amount of tax relievable pension savings that can be made by, or on behalf of, an individual each year.
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