Unlimited fines for bosses who allow pension mismanagement

Wiseman Admin2019, CommercialLeave a Comment

Directors who allow company pensions to spiral out of control could be prosecuted under proposed new criminal legislation. The Department for Work and Pensions (DWP), which published the report, said it plans to introduce a new criminal offence of ‘wilful or reckless behaviour’ in relation to pensions in a bid to crack down on abuse of final or average salary … Read More

Inheritance Tax receipts hit “record high” in 2018

Wiseman Admin2019Leave a Comment

Inheritance tax payments have increased by more than £1 billion since 2014/15, new figures reveal. The report, published by HM Revenue & Customs (HMRC), shows that Inheritance Tax receipts hit a record high of £5.2 billion in 2018. This is compared to just £3.8 billion in 2014/15. This has been attributed, in part, to rising house prices placing a large … Read More