The reform Regulations have now been finalised. They are largely unchanged form what was initially proposed. A couple of subsequent discussion topics have been abandoned. Notably the notion that actuarial certificates will no longer be required and that complying pensions could be commuted where they contributed to a transfer balance cap issue. Neither of these will proceed so the status quo remains.
Related Party LRBA Balance Check
Overview In view of the draconian provisions of the non-arm’s length income rules, the administration of related party...