Tag Archives: HMRC
Don’t cash-out your pension #buildbackbetter !
This blog is about how we make sure we have enough cash to pay the bills (including the butcher’s bills) Cashing out pensions – the lure In its recent policy statement (P20/6), the FCA leaves two carve-outs (loopholes) for advisers … Continue reading
Posted in advice gap, age wage, Australia, auto-enrolment, pensions
Tagged Australia, Cash-out, Encashment, HMRC, Pension Freedoms, pensions, Super
1 Comment
Need help finding your national insurance number?
We need our national insurance number for all kinds of reason. It is our unique personal identifier and we often get asked for it for everything from finding pension pots to hiring a car. It appears on your payslip and … Continue reading
Posted in advice gap, age wage, Henry Tapper blog, pensions
Tagged AgeWage, find pensions, Government Gateway, HMRC, pensions
Leave a comment
Pubs or jobs?
Pubs This is daft, no one is being asked to patrol in Helmand Province or down the Falls Road, sleep in the mud of the Somme. Maybe it could herald an about-turn of the slump in pub life? Either way, … Continue reading
Posted in consolidation, coronavirus, pensions
Tagged Corinavirus, COVID19, HMRC, pensions, Rishi Sunak
1 Comment
Mothball or keep going?
Many small businesses are faced with a stark choice. Should they go into lockdown and effectively mothball what they have – for later reuse? Or should they move on and find a way to deliver some or all of their … Continue reading
Posted in age wage, coronavirus, pensions
Tagged AgeWage, Business relief, Coronavirus, COVID19, Grant, HMRC, HMT, pensions
Leave a comment
Three little pots went to market
The point of this blog is to show 1. One way of avoiding the damaging impact of the MPAA on future saving 2. The depth of knowledge needed to make good at retirement decisions (especially where there is no adviser … Continue reading
Posted in advice gap, age wage, Big Government, pensions
Tagged HMRC, MPAA, pension pots, pensions, pots, Tax, Three pot rule, TPAS, Tricial pots
3 Comments
Dip into your pension at 55 and you could be “pension non grata”.
Most people know they can draw the money in their pension pot from 55, and because they can – they do. Very few sustainable drawdown plans are established by people in their fifties and very few annuities. 55% of annuities … Continue reading
Right in principle – wrong in practice. Ros Altmann’s tax reforms need more work
Ros Altmann is bang on the money when proposing we link healthcare and pensions in her most recent blog The big picture policy issue for the UK is how to afford a healthcare system that is free at the … Continue reading
Posted in advice gap, age wage, pensions, Retirement
Tagged AA, HMRC, LTA, net-pay, pensions, Ros Altmann, Tax
2 Comments
HMRC – pay up on your pension promises!
I’m a member of the Net Pay Action Group and I’m going to hold this Government to the promise it made in the Conservative Party Manifesto. We have a “pre-cooked” way to stop 1.7m low earners being diddled out of … Continue reading
What “fair pensions” might mean in the next five years.
Jim Coney writing in the Times , explains his thinking on pensions tax-relief. He is right to point to the likelihood of major reform of the current system within the next 5 years. If the Conservatives are going to … Continue reading