This paper discusses which taxes affect companies who buy healthcare cover for their employees, including, Insurance Premium Tax (IPT), National Insurance Contributions (NIC), Income Tax, Corporation Tax (CT) and Value Added Tax (VAT).

In the March edition of Pensions Radar, Travers Smith looks at CPI inflation for statutory revaluation and pension increases, additional paternity leave being made available and changes to transitional tax regulations.

The new tax year marks a new era for pension saving in which the keynote is flexibility.

The quarterly listing of expected future changes in UK law affecting work-based pension schemes from Travers Smith covers who the new rules apply to, how and when they will come into place.

The UK’s Conservative-Liberal Democrat coalition Government has published its proposals for restricting pensions tax relief with the aim of raising the same amount of revenue. This briefing looks at the detail and the implications for those involved.

The UK government has announced its proposals to restrict pensions tax relief, replacing the complex ‘high earner’ provisions introduced by the previous regime. This speed briefing from Nabarro outlines the key points.

After 5 April 2010, schemes will no longer be able to maintain pre-6 April 2006 tax limits by relying on statutory ‘transitional period’ arrangements. Eversheds explains that scheme rules should be reviewed and, if necessary, amended before that date to avoid benefits increasing unintentionally.

The 2010 Budget last week outlined further details on how the restriction of the tax relief on pension contributions will be implemented from April 2011.

Deloitte’s Wendy Flixon explains how high earners should fund their retirement in light of recent and upcoming changes to pensions regulations