In guidance published on 6 August 2013, HM Revenue & Customs (HMRC) set out its view on the basis that should be used for Discounted Gift Scheme calculations in future.

Its outcome was that from 1 December 2013 discounts calculated for new discounted gift schemes have to be gender neutral. At the same time the interest rate used to take account of the effect of inflation on the settlor’s fund would be reduced to 4.5%.
Rachael Griffin examines the new Statutory Residence Test which can be used to determine whether an individual is resident or not in the UK.

Around the Site

Retirement Planning

  • When is a QROPS no longer a QROPS?
    The Finance Act 2013 is due to enact new legislation which extends the requirements to be a QROPS and imposes reporting requirements on QROPS which are no longer QROPS.

Trusts & Inheritance Tax



Latest news

September 12 2012 – Skandia businesses aligning with Old Mutual Wealth brand, please read the full story

Contact us

We are constantly striving to improve the service provided by this website and welcome customer feedback.

You can provide feedback by clicking on the 'send us your feedback' link or use the 'contact us' link at the bottom of the page if you have queries relating to the articles shown on the site.

Alternatively, you can phone us in the UK Monday to Friday between 09.00 and 17.00 on +44 (0) 23 8072 6010.

Informer (Click image to enlarge)
This site is designed for and directed at financial advisers. Information on this website is not intended for Hong Kong residents. Skandia do not offer advice and no information on this website should be construed as such.
A member of the Group
Register to receive a monthly email summary of new articles on International Knowledge Direct. At the end of every email you receive from International Knowledge Direct you will see an unsubscribe link.

This site is designed for and directed at financial advisers ONLY.

If you are NOT a financial adviser, please click here to go to Skandia International's homepage.

I am a Financial Adviser