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Tag Archives: HMRC
Helping HMRC get short-changed pension savers some belated money back next year.
A letter of thanks to LITR and a promise of co-operation to HMRC I look forward to joining a Teams today, I am sorry not to be at Croydon at HMRC offices to do this properly. I hope that as … Continue reading
Next year’s pension scandal will have been ten years in the cooking
Things move slowly in Pensions, the Irish are waking up to their not getting auto-enrolled workplace pensions till 2025, even though I’ve been told by David Harris, that they’re just around the corner since 2010. But this blog is not … Continue reading
Posted in pensions
Tagged DWP, HMRC, National Employment Savings Trust, net-pay, pension, Pension new, pension playpen, Pensions
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Why should we worry if people spend their pensions?
“It’s extremely worrying that so many more people are withdrawing funds from their pensions and at higher rates,” said Alice Guy, head of pensions and savings at investment platform Interactive Investor – (FT) The news is that we are spending … Continue reading
Give me freedom from this pension freedom!
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
Posted in pensions
Tagged CDC, eventual annnuities, HMRC, LITR, SeLFIES, SteveWebb, Tax
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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