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Jargon Buster

Unsecured Pension

A feature of the FA04 regime, in which payment of income withdrawals from a money purchase arrangement (or income paid from a short term annuity contract purchased from such an arrangement) is made to a member who is less than age 75.

Unauthorised Member Payment

With remarkable logic, HMRC tells us this is any payment which is not an authorised member payment or a payment which is deemed to be an unauthorised payment. There are unwelcome payments to HMRC triggered where unauthorised payments are made.

UEL

Upper Earnings Limit

Articles

Yet more changes to the UK’s non-resident CGT

Since 2015, UK Capital Gains tax now extends to non-residents if they dispose of UK residential property.

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