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
-
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.
Filter or search events
Events calendar
-
Pensions Winter Forum: Corporate Transactions
25 January 2022
Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors. -
Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.
-
The IFoA Mental Health working party look back over their week of blogs and podcasts considering all aspects of the relationship between mental health and life insurance. The expert panel spans adviser, underwriter and actuarial experience and they explore triggers for purchasing insurance relating to mental health, the various routes to insurance and how these may be more suited to different people depending on their conditions and preferences, the products and processes involved in purchasing these as well as what claims and support are available to policyholders and how to access them.
-
Part of the 'Finance in the Public Interest 2022' webinar series. If it was ever okay to consider your business in isolation from its surroundings, today it most definitely is not. Thinking about business within its surrounding system is now a necessity. The question we seek to discuss is: How should we prescribe the boundaries in which we consider problems to enable us to create better products and more resilient companies and systems?
-
ARC Webinar - The next generation of CDC pensions? Analysing a post-retirement retirement vehicle
18 February 2022What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life? Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown. They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.
-
ARC Webinar Series 2022 - Lifting the lid on intergenerational investment risk-sharing
24 February 2022Investment risk-sharing is a fundamental part of whole-life collective defined contribution (CDC) pension schemes, such as the Royal Mail CDC. But how does investment risk-sharing benefit members? And does it favour some groups of members over others?
Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.