Category Archives: Treasury

“In pensions we trust” – when our data is trusty!

Posted on December 5, 2020 by henry tapper

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 →

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What of the Government’s measures to help start-ups?

Posted on April 21, 2020 by henry tapper

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 →

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Have the Treasury got a pension plan – or just a jerky knee?

Posted on February 21, 2020 by henry tapper

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 →

Posted in age wage, pensions, Treasury | Tagged , , , | 2 Comments

Treasury flies a pension kite on a stormy weekend

Posted on February 8, 2020 by henry tapper

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 , , , | 3 Comments

More argy-bargy in pension’s tax-trenches

Posted on January 31, 2020 by henry tapper

  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 , , , , , , , | 2 Comments

What “fair pensions” might mean in the next five years.

Posted on December 15, 2019 by henry tapper

  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 →

Posted in pensions, Treasury | Tagged , , , , | 2 Comments

Pension tax transparency a long way off

Posted on October 27, 2019 by henry tapper

    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 , , , , , , | 2 Comments

“A local solution – not a pension reform” the new NHS pension consultation.

Posted on August 7, 2019 by henry tapper

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?

Posted on December 21, 2018 by henry tapper

      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 , , , , , | 2 Comments

Pension Tax Reform is the “art of the possible”.

Posted on October 15, 2018 by henry tapper

  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 →

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