Tag Archives: Chancellor
Chancellor commits to five more years of triple lock.
Conservatives to retain UK pension triple lock in manifesto https://t.co/9bGQhKY5NG via @ft — Josephine Cumbo (@JosephineCumbo) March 25, 2024 This is by far and away the most important statement made by this Government on its future intentions for pensioners. It … Continue reading
Buying DC pensions into Jeremy’s grand design.
British Chancellor Jeremy Hunt promised last month to use his 2023 Autumn Statement to “unlock productive investment from defined-contribution pension funds and other sources” — so as to create a more diverse financing system to help high-growth companies. He is … Continue reading
The cost today of these reckless budget promises
“It looks like we’re headed for a spiral that we usually see in emerging markets crises, where policymakers struggle to reassert credibility,” Mansoor Mohi-uddin, chief economist at Bank of Singapore. Currency markets are now toying with the idea … Continue reading
Posted in pensions
Tagged Chancellor, Dollar, Kwasi Kwarteng, pension, pound, Sunak, Truss
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Ozzyshambles might have delivered a winner -guest blog from Ralph Frank.
The 2016 Budget has not gone down as George Osborne’s finest hour, thus far. However, among the resignations, U-turns and widespread grumbling, there has been (at least) one positive development. The announcement in the Budget that the Government will ensure … Continue reading
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Tagged Chancellor, Consolidate, Pension Dashboard, Pensions Dashboard, Ralph Frank
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The late-pain robbery! (why pensions are still for the chop)
It’s been two weeks since the Treasury announced no change on pension tax-relief and everybody’s happy nowadays. The forestalling jamboree that had seen SIPP provider AJ Bell estimate £1.5bn flowing into wealth preservation schemes (sorry SIPPs) has been de-railed. We … Continue reading
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Tagged Budget, Budget16, Chancellor, Financial services, Fudget, Hat, Osborne, Paddy Power, pension, rabbit, Retirement, tax relief
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What is salary sacrifice and why’s it under threat?
If you read Jo Cumbo’s piece on possible changes to pensions tax relief in the FT yesterday, you’ll have seen references to the abolition of pension salary sacrifice. Pension Salary Sacrifice is quite legal and both the DWP and HMRC … Continue reading
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Tagged 170 check-out, bull, Chancellor, DWP, HMRC, National Insurance, pension salary sacrifice, pensions, red rag, salary exchange, salary sacrifice, Tax, three card trick, Treasury
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Making sense of the Budget’s Pension Changes
Everyone knows that the changes in the taxation of pensions announced in the budget and now working their way into law – are going to make a big difference. But just how will they affect you and what can you … Continue reading
Posted in Payroll, pension playpen, pensions, Pensions Regulator
Tagged Budget, Budget14, Business, Business and Economy, Chancellor, corporate risk, dc pensions, NEST, pension, Pension new, pension playpen, pensions, Retirement, Tax
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