Latest News

Published on 28 September 2016

Pension Wise standards: changes for secondary annuity markets guidance

The LITRG welcomes the opportunity to comment on the Financial Conduct Authority's proposals to strengthen the standards for Pension Wise advisers in the face of the inclusion of secondary annuity markets within their role, however we believe the proposed standards set an unachievable target for those currently recruited to deliver pensions guidance under Pension Wise face-to-face. In order to adh...

©istock/spectrumblue
Published on 16 September 2016

Proposed changes to the Council Tax Reduction Scheme

Several district Councils in Devon recently consulted on changes to their Council Tax Reduction Schemes. One of the proposed changes is to introduce a Minimum Income Floor (MIF) for the self-employed in order to align with universal credit. This means that self-employed people will be expected to ea...

Unpaid carers – LITRG response
Published on 29 July 2016

Unpaid carers

LITRG welcomes the opportunity to respond to the Department of Health's consultation on unpaid carers. The consultation document explains that the government thinks a new strategy is needed for carers – one which reflects their lives now, the health and financial concerns they have, and gives them t...

Help to Save ©istock/robynmac
Published on 12 July 2016

Help to save – consultation on implementation

This Government consultation sought to expand upon its idea to introduce, by April 2018, a ‘Help to Save’ scheme for eligible claimants of working tax credit or universal credit. The scheme will allow those eligible to save up to £50 a month and receive a 50% Government bonus on top of the amount th...

Published on 8 July 2016

Part surrenders and part assignments of life insurance policies

The LITRG’s response (endorsed by Tax Help for Older People) to the consultation on partial surrenders of life policies highlights the need for both simplicity and fairness in calculating the amount of gain to be brought into charge, with insurers making sure to inform policyholders of the new tax rules. While we believe the best option (the 100% allowance) achieves both of these we advocate cauti...

The future of Jobcentre Plus: digitalisation and work coaches ©Shutterstock/Leifstiller
Published on 1 July 2016

The future of Jobcentre Plus: digitalisation and work coaches

In written evidence to the House of Commons Work and Pensions Select Committee, LITRG draws on its experience of representing the interests of the digitally excluded population and of the very smallest businesses in consultations with HMRC. ...

Back to top