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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | marzo 2023
Individuals who already have a protected right to take a higher pension commencement lump sum will continue be able to do so. Where amounts taken above the lifetime allowance are currently taxed at 55 per cent, these lump sums will instead be taxed at an individual’s marginal rate of income tax.
HMRC’s March 16, 2023, Pension schemes newsletter no.148 confirms the administrative details of the Budget changes, and the technical bulletin from the Government Actuary’s Department focusses on pensions taxation, pension fund investment and retirement planning.
On March 27, 2023, HMRC published a further pensions newsletter with specific guidance (including worked examples) on how changes to the lifetime allowance will affect the benefits of those with enhanced or fixed protection.
The Finance (No 2) Bill 2023 was published on March 23, 2023, and includes clauses on the provisions bulleted above. The Bill is due to have its second reading in the House of Commons on March 29, 2023.
Our March briefing examines these changes in more detail and highlights some implications for schemes and pension savers.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
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We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
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