Category Archives: Treasury
“In pensions we trust” – when our data is trusty!
Yesterday I talked about how we can performance analysis of individual pension pots to sense check the quality of data. The idea is to make sure that once contributions reach the pension provider, they are properly recorded and people can … Continue reading
Posted in advice gap, age wage, Treasury, trustee, workplace pensions
Tagged big-data, Centrica, Data, Pensions, Power, Transparency, trust
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What of the Government’s measures to help start-ups?
At the start of the month I supported Brent Hoberman of Founder’s Factory in his appeal to the Government to help start-ups survive. As a result of this I was asked to write a further article outlining how AgeWage could … Continue reading
Posted in age wage, pensions, Technology, Treasury
Tagged Future Fund, Innovate UK, start-ups, Technology, Treasury
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Have the Treasury got a pension plan – or just a jerky knee?
You might not like the thought of paying tax on your pension contributions, but it’s coming They’ve done it once and they could do it again. The Treasury could change pension saving as radically as they changed pension spending. … Continue reading
Treasury flies a pension kite on a stormy weekend
For as long as I’ve been advising on pensions, the weeks running up to the budget have been filled with rumours of draconian reductions in the subsidies available to the rich to featherbed their retirement. This FT story has the … Continue reading
Posted in age wage, pensions, Politics, Treasury, welfare
Tagged pensions, Sajid Javid, tax relief, Treasury
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More argy-bargy in pension’s tax-trenches
Blessed are the peacemakers, until they wade into a debate on tax-relief. The saintly Darren Philp , maybe picking up from comments from ex DWP govt actuary Andy Young, tried to change the debate. To summarise his argument, he … Continue reading
Posted in advice gap, age wage, pensions, Treasury
Tagged Andrew Young, darren philp, David Robbins, EET, John Ralfe, Pensionsn, Tax, TEE
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What “fair pensions” might mean in the next five years.
Jim Coney writing in the Times , explains his thinking on pensions tax-relief. He is right to point to the likelihood of major reform of the current system within the next 5 years. If the Conservatives are going to … Continue reading
Pension tax transparency a long way off
The malaise with pension taxation goes much deeper than the immediate symptoms, the complexity of the Annual and Lifetime allowances, the obscurity of the money purchase annual allowance and the perversity of the running both net pay and … Continue reading
Posted in pensions, steve webb, Treasury
Tagged Freedoms, HMRC, HMT, Pension Freedoms, pensions, Tax, tax relief
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“A local solution – not a pension reform” the new NHS pension consultation.
Consultations on clinicians pensions are queuing up like ambulances outside AE. The last consultation was launched on July 22nd and has barely been read before being superseded by a new one to be launched “over the summer” which will go … Continue reading
Posted in NHS, pensions, Treasury
11 Comments
What is the net pay anomaly?
UK government spending on pensions and top-up benefits for pensioners amounts to 5.9 per cent of GDP – and this figure is projected to increase to 6.3 per cent over the next half century. In addition, the … Continue reading
Posted in advice gap, auto-enrolment, pensions, Treasury
Tagged auto enrolment, net-pay, pensions, PRAS, Ros Altmann, Treasury
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Pension Tax Reform is the “art of the possible”.
Everyone knows that pension tax-relief is broken and those who try to cling on to the current system do out of vested self-interest (and I include one former pensions minister in that statement). Wealth managers have come to view … Continue reading
Posted in advice gap, pensions, Treasury
Tagged Budget, HMRC, Nicky Morgan, pensions, reform, Tax, Treasury, Treasury Select Committee
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