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Tag Archives: Budget
Was that “do-nothing” budget good or bad for pensions?
We are naturally conservative, resisting change while demanding improvements. We cannot have it both ways! Maintaining the status quo – as yesterday’s budget did, will please those who hate tinkering but displease those who see the current system as broken. … Continue reading
Pre-budget apprehension
There is nothing like the threat of losing a tax-break to get people to value it. The Annual Allowance is under threat, so the Money Purchase Allowance, there are some still worried about higher rate tax-relief on contributions. In my … Continue reading
Posted in annuity, cliche, pensions
Tagged Batten down the hatches, Budget, budget2018, pensions, SEIS, Wealth
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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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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
Posted in advice gap, pensions
Tagged AA, Budget, LTA, Nigel Wilson, Patient Capital, social purpose
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The half completed bridge – pension tax reform.
Today is Budget Day, though you wouldn’t know it! It’s a kind of side-issue when mainstream news is dominated by Trump’s latest antics and speculation over BREXIT. There was a time when the Pension world would be … Continue reading
Posted in pensions
Tagged #budgeday, Budget, pensions, Philip Hammond, Tax, tax relief
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Budget blues for Osborne – but not for payroll
This was a blue budget for George Osborne, one that promised much, and delivered little rather less than planned. Things started going wrong three weeks before Budget Day when the Treasury announced that it would not be pressing ahead with … Continue reading
LISA – genius or gimmick?
There are binary opinions about the Lifetime ISA (LISA), for some it is start of a new era for retirement savings, for others it is a spurious gimmick. The technical facts behind the Chancellor’s announcement in the 2016 Budget are … Continue reading
Posted in LISA, pensions
Tagged Budget, Budget 16, Business, Lifetime ISA, LISA, pension, pensions, Retirement, Savings
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Budget 2016 – strengthening the incentive to -what? -Fiery stuff from Ralph Frank
The first leg of the bi-annual tinkering with Britain’s savings’ environment, historically referred to as the Budget, has recently had its instalment for 2016. The Chancellor of the Exchequer has maintained his record of increasing the complexity of the savings … Continue reading
A soft centered budget – (not as sweet as it sounded).
Sterling’s a great indicator of how experts really see a budget and yesterday Sterling fell against a basket of major currencies. We may have liked our sugar tax and our Lifetime ISA but the pound fell against the dollar and … Continue reading
Cheltenham 2016 – can it get any better?
Well I suppose the sun could have shined and it could have been about 15 degrees warmer (like last year) but I’ve never had as good a day’s racing as Day 1 of the 2016 Cheltenham festival! Smug? You … Continue reading
