Tag Archives: AA

A budget for pensions that are “victims of their own excess”

Today is budget day and by lunchtime we will know whether the strong rumors that the Lifetime Allowance and Annual Allowance will be adjusted upwards are true. We will also know if the less palatable options around increasing the minimum … Continue reading

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Government says “NO” to pension reform at the NHS.

“No” is a very short word. The Government has decided to say “no” to calls for further reform of the Annual and Lifetime Allowance as they impact the NHS pension scheme. “No” is a short word but this is a … Continue reading

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Right in principle – wrong in practice. Ros Altmann’s tax reforms need more work

  Ros Altmann is bang on the money when proposing we link healthcare and pensions in her most recent blog The big picture policy issue for the UK is how to afford a healthcare system that is free at the … Continue reading

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Dr Kate Lovett can’t afford her pension.

A psychiatric consultant finds herself paying more in tax than she earns. A spokesperson for the pensions industry opines. I understand Dr Kate Lovett has has a large increase in her DB pension, which breaches the Annual Allowance pension rules … Continue reading

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“Scrap the taper?” Hopes dashed.

Hopes now dashed for an update on the tapered annual allowance review, which was anticipated in the Budget. https://t.co/53xfAqdosT — Josephine Cumbo (@JosephineCumbo) October 24, 2019 Sky and BBC agree Govt cancels the Budget —— Treasury source says: “Parliament has … Continue reading

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Beware the reasonable Ralfe

John Ralfe has written an article on the problems highly paid NHS staff are having staying members of the NHS Pension Scheme. He has a number of remedies for the Doctors, most involve Doctors being able to swap pension accrual … Continue reading

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Why I’m for “patient capital”

‘Patient capital’ plan could unlock pensions savings limits https://t.co/Du4qIqcSs3 via @FT — Josephine Cumbo (@JosephineCumbo) November 24, 2017   I missed the consultation on “patient capital” but I’m pleased that it’s resulted in a proposal was put forward by an … Continue reading

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AA and LTA – a small price for the rich to pay.

  The Telegraph have unearthed some research that suggests that the average extra tax paid by the pension super-rich is £46,332. HMRC’s figures show that the total amount of tax paid by people whose pension savings rise above the lifetime … Continue reading

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Taper tantrums

  Not my phrase – Jo Cumbo’s.  Read her brilliant article on the travails of our super-earners who struggle to cram enough money into their pensions. The annual allowance taper can see a £40,000 pa annual contribution allowance diminish to … Continue reading

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The UK is saving too much…not! (guest blog from RALPH FRANK)

The Office for National Statistics released the latest Quarterly National Accounts during the Festive Season.  These Accounts, covering July to September 2015, reveal that the Savings Rate for households and non-profit institutions serving households fell to 4.4% over the quarter – … Continue reading

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