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Tax Exempt Pre 1995 IB Claimants

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13 years 7 months ago #53882 by mrsrummage
Tax Exempt Pre 1995 IB Claimants was created by mrsrummage
My husband falls into this category. He is under the impression that pre 1995 IB Claimants will be exempt from any transfer to ESA. He reaches retirement age in August 2014. Is he correct?

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13 years 7 months ago #53900 by Gordon
Replied by Gordon on topic Re:Tax Exempt Pre 1995 IB Claimants
jessss

No and probably yes.

Pre 1995 IB/SDA claimants are not exempted from the trasnfer.

He may be exempted becuase he reaches retirement age in Aug 2014, but will have to wait and see as the current guidance is that only those reaching retirement age by April 2014 will be exempted.

Gordon

Nothing on this board constitutes legal advice - always consult a professional about specific problems

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  • originaldave
13 years 7 months ago #53919 by originaldave
Replied by originaldave on topic Re:Tax Exempt Pre 1995 IB Claimants
jessss wrote:

My husband falls into this category. He is under the impression that pre 1995 IB Claimants will be exempt from any transfer to ESA. He reaches retirement age in August 2014. Is he correct?


I am pre 1995 and exempt under IB rules but as only 52 expect to get an ESA50 form sometime in the next 5 years there are all sorts of stories saying who is going first and last ... well my money is on it being a free for all :laugh: so if they say IB50 exempt first some offices will do them first and others last :) and what ever they say they will do they will change there mind after 6 months ... the only thing anyone knows is it will be a mess :silly:

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