Whilst we cannot answer individual tax queries we do welcome all suggestions regarding potential areas of study and ways in which we can improve the effectiveness of our work. We must, of course, include a disclaimer! Whilst the material here has been prepared in good faith we cannot accept responsibility for any errors or omissions, or changes since the articles were originally written, and you should seek your own specialist tax advice as required.
Key objectives:
- keep abreast of new developments in the area of Life Office Taxation
- keep the profession informed of developments in Life Office Taxation
- analyse the impact of such developments
- educate and inform members of the profession who are not tax specialists
- consider the implications of Life Office Taxation developments upon actuarial work.
Outputs:
- Life Conference 2018 presentation
- Life Conference 2017 presentation
- Life Conference 2004 (conference handout)
- prepare consultations responses, as required, on behalf of the Life Board
- Reforms to Corporation Tax Loss Relief (IFoA response to HM Revenue & Customs, 2016)
- presentation at Life Insurance Taxation Seminar
- submit articles for The Actuary magazine
- other presentations, response or participation as may be deemed to be required
- CP3/14 Solvency II: recognition of deferred tax (IFoA response to the PRA, 2014)
- Presentation (Life Conference, 2013)
- Prepared: Response to Consultation by HMRC on Life Insurance Companies: A New Tax after Solvency II presentation (Highlights of the Life Conference, 2012)
- Life Insurer Taxation Seminar presentation (September 2012)
- Are You Ready? (Life Conference, 2012)
- Corporate Tax Regime (June 2011)
- Submitted article to The Actuary magazine: Budget 2011 - Consultation on Changes to Life Assurance Taxation (May 2011)
- Tax after Solvency II presentation (Life Conference, 2011)
- Drafted letter for Chair of LPEC to send to HMRC on Taxation of capital support to long term funds.
- Life Office Taxation - Consultation from the Inland Revenue (September 2003)
- Life Office Taxation update - Secondary legislation on tax (September 2003)
- Life Office Taxation update - Life Insurance tax changes (January 2003)
- Life Office Taxation update - taxation of disability business (August 2001)
- Life Office Taxation update on Budget changes (March 2001)
- Inland Revenue Website article (January 2001)
| Chair: | Paul Turnbull |
|---|---|
| Membership: | 8 |
| Established: | 2010 |
Related documents
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Guidance for Member-Led Research Working Parties
9 November 2017 -
Budget 2011 - Consultation on changes to life assurance taxation
1 May 2011 -
Consultation response: HM Revenue and Customs: Life insurance companies: a new corporate tax regime
27 June 2011 -
HM Revenue & Customs. Consultation on Solvency II and the taxation of insurance companies. Comments from the Actuarial Profession
1 June 2010 -
B08: Taxation in a Solvency II world
7 November 2010 -
Life Office Tax Overview
1 November 2010 -
Pre-budget report, November 2008: (Almost) no news for insurers
30 November 2008 -
Life isn’t meant to be taxing : Update from Tax Working Party [copies of slides]
9 November 2008 -
HMRC Position Paper: Taxation of capital support to long term funds. Comments from the Actuarial Profession
25 September 2008 -
Capital gains tax reform and the life assurance industry
31 May 2008
Contact Details
If you want more information about this research working party please contact the Communities Team.
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ARC Webinar Series 2021: Modelling cancer risk: regional and socioeconomic disparities
30 September 2021
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Sustainability Series: What will COP26 mean for investment?
6 October 2021
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.
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Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.
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12 October 2021How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more. -
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13 October 2021 - 8 December 2021This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
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Sustainability Series: Opportunities for Insurers
14 October 2021 -
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
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What next for Mental Health in Insurance?
1 December 2021
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.
Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision.
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.