Parlament House

Budget Speculation

In the run up to the March Budget speculation is rife as to what changes could be made to pensions. It’s long been known that Mr Osbourne wants to reduce the amount of lost revenue from pensions however this could come from a number of different approaches. An article published in the Sunday Times quoted Steve Webb as saying that the ISA style tax treatment is still the Government’s preferred option and that the 25% tax free lump sum could disappear as a consequence.

Delta are confident that they can address the various possibilities that are currently being mooted as potential changes to be announced in this budget.



Scottish Rate of Income Tax

It was confirmed this week that the Scottish Rate of Income Tax (SRIT) will be the same as the rest of the UK for the 2016/17 tax year.

This means that anyone residing in Scotland will be subject to the SRIT rather than the UK rate of income tax. HMRC will notify employers which of their employees are subject to it and employers will deal with this via PAYE and the submission to HMRC for RTI purposes remain the same.


Delta has included this change in the version 19.0 release available in March.


Further Information:

Jane Harding

Celebrating 20 Years

To celebrate our 20th year we gave away a bottle of Veuve Clicquot 2004 vintage champagne.

We held the prize draw during the Henry Stewart SIPPs & Retirement Options conference in October and would like to congratulate Jane Harding on winning.

From everyone at Delta, we hope you enjoyed it!


FCA Information Request on Non-Standard and Unregulated Investments.

The FCA are writing to ask for information on the non-standard and unregulated investments (together referred to as “NSIs”) that are held within SIPPs. We are currently reviewing the request and we will provide assistance on how to extract the information from SIPP~Pro.


The deadline for completing the return is the 10th November.


Henry Stewart 14th October 2015

Delta are exhibiting at the upcoming Henry Stewart conference, SIPPs & Retirement Options being held in London on 14th October 2015.


The event focuses on the ‘burning issues’ for SIPPs and Retirement Options.


With industry experts leading sessions examining:


  • The new world of retirement options –experience to date
  • Pensions as an IHT and planning tool
  • Pensions or ISAs?
  • The end of the road for the smaller SIPP provider?
  • Making sense of pension transfers


If you are planning on attending and haven’t yet secured your place you can do by clicking on the following link:


As a client of Delta you will receive a 10% discount by using code DELTA10 and we look forward to seeing you there.


Contributions to existing Capped Drawdown Arrangements

It was reported by Money Marketing last week that some providers are blocking new contributions to existing capped drawdown plans, forcing members into a new arrangement that can only be used for Flexi Access Drawdown rather than a continuation of capped drawdown. This has been attributed to way in which the providers systems are set up.

Capped drawdown article

Did you know that SIPP~Pro and SSAS~Pro offer the flexibility to record contributions to existing capped drawdown arrangements which means that our clients are not affected by the same software limitations?


If you would like more information about our software, please call 0845 6800 142 and speak to our team.

Release Note

Newsletter June 2015

The past month has given us the opportunity to analyse the impact of the changes included within The Taxation of Pensions Act 2014 which came into effect from 6th April 2015.

Attached is our Newsletter so that you can read more.