Monthly Archives: April 2016
A “tax on a tax” – VAT on auto-enrolment bills
The Government is encouraging us to think of auto-enrolment for micros as an extension of the success story it has been for larger employers. But things are very different for smaller employers – especially when it comes to tax. Many … Continue reading
Posted in accountants, auto-enrolment, DWP, pensions
Tagged autoenrolment, DWP, HMRC, Micro-employer, pensions, Ros Altmann, SME, Tax, VAT
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To understand value, get a grip on price
Workplace pensions are not priced as they seem. When an employer chooses a workplace pension, he/she sees member borne charges and employer charges. The employer charges are paid by the employer as fees (anything from £0 -£1200 pa, member borne … Continue reading
Posted in IGC, investment, pensions
Tagged auto enrolment, Business, IGC, National Employment Savings Trust, pensions, trust, Value for Money, workplace pension
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IGCs – a final reckoning
Here is a summary of the IGC reports analysed on this blog. If you want to read my assessments in detail, please use the search engine. I have segmented the blogs as you can see. It may be unfair to … Continue reading
Posted in governance, IGC, investment, Pension Freedoms, pensions
Tagged Asst manager, auto enrolment, CAA, FCA, governance, IGC, SIPP, TPR
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(Workplace) Isa ain’t gonna wash for a week!
A radical idea Michael Johnson has published his proposal for a workplace ISA, Michael has explained this to me before and has explained his proposals publicly to the DWP Select Committee. The proposal is not just to include an ISA … Continue reading
Posted in Australia, auto-enrolment, DWP, Payroll, pensions
Tagged autoenrolment, Lifetime ISA, LISA, Michael Johnson, pensions, silly season, WISA, Workplace ISA
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Upstairs Downstairs RIP -today’s domestic employment market has moved on.
As we grow more affluent – British families are outsourcing many of their domestic duties Many of the employers who will be staging auto-enrolment by the end of decade have no idea they have any duties to provide pensions. They … Continue reading
Posted in auto-enrolment, Payroll, pension playpen, pensions, Pensions Regulator
Tagged autoenrolment, Business, domestic, domestic employment, nannies, nannypay, nannytax, pension, Pensions
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Those red red robins go rob-rob-robbing along
Swindon Town (STFC) – the Robins – are now to be called the Robings after attempting to rob their own staff of pension contributions. Swindon Town Football Club made good £13,600 in pension contributions it owed staff nearly 15 months after it … Continue reading
Posted in auto-enrolment, football, pensions
Tagged #stfc, autoenrolment, Business, football, pensions, Retirement, robbings, robins, swindon town
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How IGCs help employers (and their advisers)
If you read the terms of reference or Chair reports of the IGCs (and GAAs) , it’s the “member” on whom the work is focussed and for whom the reports are written. “Member” is short-hand for policy holder as in … Continue reading
Posted in IGC, pensions, Personality
Tagged Business, customers, employers, Employment, FCA, Financial services, GAA, governance, IGC, members, pension, pensions, Retirement, TCF
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Lisa and Wisa – bosum buddies or a pair of boobs?
Reactions to Michael Johnson’s performance in front of the Work and Pensions Select Committee polarise between the enthusiastic (Michael Johnson) and the derisory (the pension establishment). In between are those on the Select Committee such as Richard Graham MP who … Continue reading
Posted in pensions
Tagged Boobs, bosum buddies, DWP, LISA, Michael Johnson, QWPS, Treasury, WISA, Workpace Pension
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