Pensions Tax

We act for the sponsors of some of the UK's largest pension funds.

Pensions Tax

Overview

When it comes to providing solutions to complex tax problems, our tax and pensions lawyers are leaders in their field.

Tax affects almost all aspects of pension scheme operations, from investment to accrual and benefit design. Whilst pension funds are exempt from many aspects of tax, they can still face tax complexity. We advise and support pension fund trustees as they invest and when they restructure.

We can help and advise your pension fund in many ways including the following:

  • Investing in alternative asset classes such as private equity, debt, infrastructure and real estate. Our asset management tax specialists review General Partner-side structures to consider whether they are robust and then negotiate side letter tax-protections.

  • Bringing some aspects of investment management in-house. This might include setting up a captive fund management subsidiary, pension pooling arrangements and direct investments into infrastructure and real estate projects.

  • Advising on whether services from fund managers are VAT exempt or standard rated, the pros and cons of VAT grouping with an employer and considering when receiving supplies from overseas might trigger the need for a pension fund to register for VAT.