Does this affect Cornmarket's AVC product StevieC?
Strange - a few hours after the Budget speech, New Ireland issued a summary, saying...
"It would appear that the 1% levy will apply to all premiums received in respect of protection, savings, investment, pension term assurances, group risk schemes and PHI policies, but not to premiums received in respect of pension policies."
I've no idea as to whether New Ireland or Charlie Weston is wrong on this. I would have thought that the 1% levy wouldn't apply to pensions, as the speech separately suggested that there would be no changes to pensions until the Commission on Taxation had reported back.
Hibernian confirmed today that the 1% will be applied to pensions as things stand..
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