Tag Archives: HMRC

Give me freedom from this pension freedom!

Posted on April 29, 2023 by henry tapper

Here is a snip of information that has shocked and outraged many pension commentators. I will start with some simple advice from the Low Income Tax reform Group (LITR) You may be able to draw money out of your money … Continue reading →

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Who pays the pension bill? HMT asks awkward questions

Posted on November 6, 2022 by henry tapper

The Telegraph is floating a story that the Chancellor is considering scrapping higher rate tax-relief (currently reducing the cost of paying a pension contribution by up to 45%) so that there is a universal incentive to save , based on … Continue reading →

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Treasury deprives the low paid of nine years of savings incentives – with a press release

Posted on July 20, 2022 by henry tapper

  After 7 years of campaigning that started when Kate Upcraft identified the problem for the Friends of Auto Enrolment, the Treasury has pulled the rabbit out of the hat , righted the wrongs and tried to cover itself in … Continue reading →

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HMRC’s smokescreen leaves multi-jobbers without a pension

Posted on July 4, 2022 by henry tapper

NEW: UK tax system “not currently capable” of bringing low earners with multiple jobs into automatic enrolment #pensions, says Treasury minister.https://t.co/mFuDm0zCRf pic.twitter.com/A3Ly6vQPZQ — Josephine Cumbo (@JosephineCumbo) July 1, 2022 John Glen’s response to Stephen Timms’ Work and Pensions Committee’s inquiry … Continue reading →

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“No better time to extend auto-enrolment than now”. Webb hits out at Treasury as “blockers”

Posted on June 9, 2022 by henry tapper

It was good to see Steve Webb back in parliament, if only for the Work and Pensions Committee’s discussion yesterday morning  questioning key players past and future Witnesses Panel 1 Sir Steve Webb Baroness Jeannie Drake Baroness Ros Altmann Panel … Continue reading →

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Payroll presses DWP on plans for “Pension QEB Zero”

Posted on December 18, 2021 by henry tapper

  When the OECD promoted Britain’s pension framework off the bottom rung of the developed world league table it was because they saw auto-enrolment as part of the state’s pension apparatus. Put anothe way, they recognise that the  DWP and … Continue reading →

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Action is urgently needed on the net pay pension issue

Posted on January 24, 2021 by henry tapper

  Call to action Action is required to address a systematic unfairness in the tax system that is disadvantaging many low earners saving for their retirement. 1.7m low earners are potentially affected by this, many of them women, and  it … Continue reading →

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Why the net pay problem cannot be fixed by partial fixes

Posted on October 4, 2020 by henry tapper

This article forms part of AgeWage’s response to the Government’s call for evidence on the administration of pensions tax-relief . Here we look at the steps pension provider can and are taking to make consumers aware of the problems of … Continue reading →

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Can HMRC find a solution to the net pay anomaly?

Posted on October 4, 2020 by henry tapper

This article forms part of AgeWage’s response to the Government’s call for evidence on the administration of pensions tax-relief . Here we look at the steps pension provider can and are taking to make consumers aware of the problems of … Continue reading →

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Making members aware they are over-paying their pensions

Posted on October 4, 2020 by henry tapper

This article forms part of AgeWage’s response to the Government’s call for evidence on the administration of pensions tax-relief . Here we look at the steps pension provider can and are taking to make consumers aware of the problems of … Continue reading →

Posted in #WASPI, pensions | Tagged , , , , | 2 Comments