Posts tagged with 'Changes'

Changes to our trustee deed and rules

7th July 2016
We have recently made updates to the governing trust deed and rules for the Hornbuckle Mitchell SIPP and Hornbuckle Mitchell Private Pension to reflect the way we operate those pension scheme products. Please contact us either by telephone, 0116 366 8600 or by email clientservicing@hornbuckle.co.uk, if you would like a copy of the updated...

Changes to the Bank of Scotland pension plan bank account interest rate

14th April 2016
Due to the capital requirements now placed on banks and the continued downward pressure on rates, the credit interest offered by Bank of Scotland on pension bank accounts is reducing. Bank of Scotland, our banking partner, will shortly reduce the interest rate it offers all pension providers including all Hornbuckle products (SIPP, SSAS and...

Legal entity name change

15th January 2016
We have recently executed a name change to the regulated legal entity that provides pension administration services to all Hornbuckle branded products. This business, Hornbuckle Mitchell Group Limited, is now called Embark Services Limited. This change legally took effect on the 15th January 2016. There will be no impact resulting from this...

Important information about changes to your lifetime allowance

17th December 2015
HMRC has recently provided the following details of changes to the lifetime allowance. The lifetime allowance for pension savings will be reduced from £1.25 million to £1 million from 6 April 2016. As you may be aware clients that are members of a registered pension scheme have a single lifetime allowance in relation to the value of tax-privileged...

Cut to 55% death tax charge on pension savings

29th September 2014
Chancellor George Osborne has set out a number of changes today to cut the 55% death tax charge on pension savings. The new rules will mean that if someone dies at the age of 75 or over a beneficiary will only pay their marginal rate of tax on drawdowns from the pension. For someone who dies under the age of 75 their pension pot can be passed...