Tag Archives: HMRC

Salary Sacrifice – a foot in the door for the poorly pensioned?


Everybody knows that the pension tax-relief system is heavily weighted in favour of the have’s who get big income tax incentives. It is weighted against the low waged who can get excluded from contribution incentives altogether. Steve Webb, who thinks … Continue reading

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Good from NOW – poor from HMRC


  That we should still be talking about the “net-pay anomaly” shows how little the debate has move on in a year. For most people losing out on their promised incentives for saving into a workplace pension , “anomaly” is … Continue reading

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Taking care of the “social” in housing.


Paying for the improvements in our social housing, to improve safety is going to be expensive. You wonder where the money will come from, or at least I did till I read a good article by Merryn Somerset-Webb in the … Continue reading

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Reaching the places advice cannot reach


  Only a handful of pension providers have adapted their systems to allow people to use the Pension Advice Allowance. The pension advice allowance, introduced in April, allows pension savers to take £500 tax-free from their retirement funds to help … Continue reading

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Has HMRC solved the off-payroll AE puzzle?


  One of the big auto-enrolment issues for employers is deciding who it is that works for them (and who is just an occasional contractor). The issue is generally put in the too-hard box – a dangerous thing to do … Continue reading

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DRAWDOWN TAX; I’m as free as a bird (in a cage)


  I’m as free as a bird can be when “freedom” is defined and confined by HMRC. “Me” as case study; I have a pension pot which wealth managers call “big” but can only supply me with an income of £15,000 … Continue reading

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Planning Finances or Selling Insurance?


I’ve written a couple of blogs this week about my need for financial planning and my fear of wealth management. To repeat again, I don’t want to be treated as wealthy, but I do need help planning my saving and … Continue reading

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Beyond payroll – where AE gets tricky


Legitimising off-payroll workers Off-payroll workers (AKA personal service workers) are not moon-lighting benefit scroungers, they are part of the outsourcing process that ensures Government Departments and private employers can manage services effeciently. But the rules that govern the status of … Continue reading

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Why there is no “opt-out” for the self-employed.


  I get annoyed when I hear pension experts opine on including the self-employed in auto-enrolment (1). I don’t see much self-employment on their CVs, I certainly don’t see many of them being self-employed out of necessity. But most of … Continue reading

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Respect for the self-employed


It’s a truth as old as the hills that there are two types of self-employed. Those who choose to be and those who have no choice. Most people who read this blog have more experience with the “professional” classes who … Continue reading

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