Biography:
Penny is a highly respected pensions lawyer. She advises individuals, employers and pension trustees on their pension arrangements. She works closely with Irwin Mitchell LLP's employment team on crossover areas such as employers' duties for pension compliance (including auto-enrolment), employer pension committees, or pension tax changes. She advises on how an employer can change their pension plan to maximise the benefit they and their workforce receive from it. She also works closely with Irwin Mitchell LLP's private wealth team on pension issues such as the impact of the proposed changes to how inheritance tax applies to pension savings, as well as advice on small self administered schemes (SSASs) and what happens to pensions when someone moves abroad. Recently she's been looking at the impact of the new FOG (non-domicile) legislation on income from overseas pensions. From the corporate perspective, Penny advises employers and banks on questions over the Pension Schemes Act 2021 and the extended powers which this Act gives to The Pensions Regulator to enforce against anyone who is in involved in the mis-management of defined benefit, final salary pension plans. She also now regularly advises on the use of surplus and is interested in how employers and trustees have to balance their various interests over how it is used. With this, the Government is trying to use pension surplus as a way to grow the UK economy. Finally, Penny sits as a professional trustee for various organisations.