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News - Alternatively Secured Pensions
Helen Morrissey asks a panel of experts to consider the impact of the present economic turbulence on the plans of those who are just about to approach retirement
Scheme pensions are proving more popular than alternatively secured pensions (ASP), according to Rowanmoor Pensions.
The Government should review its "onerous" 82% tax on alternatively secured pensions (ASP), according to AJ Bell.
Other News - Alternatively Secured Pensions articles
Hornbuckle Mitchell has urged the Government to confirm it has shelved its tough stance on Alternatively Secured Pensions (ASP) and no longer considers them a ‘loophole’.
Hornbuckle Mitchell (HB) has called on the Government to confirm it has formally dropped its tough stance on the use of an ASP at age 75.
HM Revenue & Customs (HMRC) has announced it considers withdrawals taken from unsecured pensions (USP) or alternatively secured pensions (ASP) as income for inheritance tax (IHT) purposes.
FOUR out of five IFAs still intend to recommend Alternatively Secured Pensions (ASPs) despite the proposed new charges announced in the pre-budget report, according to research commissioned by Skandia.
PENSION expert Mike Morrison has raised fears investors with Alternative Secured Pensions (ASPs) are being hit with taxes so extortionate they could be vetoed under European law.
The changes to alternatively secured pensions announced in the Pre-Budget Report "smacks of legalised theft", according to AJ Bell Group.
Over 40% of advisers think the Treasury will leave Alternatively Secured Pension as it is.
The government may not have the option of withdrawing a person's right to hold an alternatively-secured pension as doing so could risk prosecution for religious discrimination.
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