Tag Archives: HMRC
Who pays the pension bill? HMT asks awkward questions
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
Treasury deprives the low paid of nine years of savings incentives – with a press release
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
Posted in pensions
Tagged HMRC, low-paid, Margaret Snowden, Net Pay, net pay action group, NPAG, Pensions, RAS, Ros Altmann, Tax
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HMRC’s smokescreen leaves multi-jobbers without a pension
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
“No better time to extend auto-enrolment than now”. Webb hits out at Treasury as “blockers”
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
Payroll presses DWP on plans for “Pension QEB Zero”
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
Action is urgently needed on the net pay pension issue
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
Why the net pay problem cannot be fixed by partial fixes
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
Can HMRC find a solution to the net pay anomaly?
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
Making members aware they are over-paying their pensions
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
Net pay pension problems? – don’t leave them to the Treasury
The headline is misleading, the Treasury are not looking for solutions, they are looking for the long-grass ; unless people who give a damn , tell the Treasury to pull their finger out, 1.7m low earners will continue to overpay … Continue reading
Posted in Force for Good, pensions
Tagged HMRC, HMT, Net Pay, pension tax relief, Pensions
2 Comments