Tag Archives: HMRC

What “fair pensions” might mean in the next five years.

Posted on December 15, 2019 by henry tapper

  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 →

Posted in pensions, Treasury | Tagged , , , , | 2 Comments

Jo’s pension manifesto

Posted on November 7, 2019 by henry tapper

Sometimes someone comes out with a simple statement that makes sense of all the noise. Jo Cumbo launched her pension manifesto in the pages of Pensions Expert this week and I don’t want them to be lost to readers of … Continue reading →

Posted in pensions | Tagged , , , , , , , , | 1 Comment

Pension tax transparency a long way off

Posted on October 27, 2019 by henry tapper

    The malaise  with pension taxation goes much deeper than the immediate symptoms, the complexity of the Annual and Lifetime allowances, the obscurity of the money purchase annual allowance and the perversity of the running both net pay and … Continue reading →

Posted in pensions, steve webb, Treasury | Tagged , , , , , , | 2 Comments

For everyone’s sake – let’s sort pension savings incentives this budget.

Posted on October 22, 2019 by henry tapper

    Diversity is about including and it’s so important to pensions that we now have a minister of pensions and financial inclusion. A big part of the minister’s job is to create diversity – including not just men and … Continue reading →

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Contractors can’t have their cake and eat our pensions too

Posted on October 9, 2019 by henry tapper

  The Association of Independent Professionals and the Self-Employed have condemned Lloyds Banking Group’s decision to either scrap contractors or force them into umbrella companies. I think this unfair on Lloyds and unfair on the tax-payer. As anyone in reward … Continue reading →

Posted in advice gap, auto-enrolment, pensions, Value for Money | Tagged , , , , , , , , | 2 Comments

The only solution to the net-pay pension problem comes from HMRC

Posted on January 14, 2019 by henry tapper

  Last Thursday, there was another meeting of the group of us, determined to keep up pressure to sort the problem of net-pay pension contributions this side of auto-enrolment’s next big phasing hike in April. Just to rehearse the problem, … Continue reading →

Posted in accountants, pensions | Tagged , , , , , | 4 Comments

Pension Tax Reform is the “art of the possible”.

Posted on October 15, 2018 by henry tapper

  Everyone knows that pension tax-relief is broken and those who try to cling on to the current system do out of vested self-interest (and I include one former pensions minister in that statement). Wealth managers have come to view … Continue reading →

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Tax and “net-pay fallibility”.

Posted on October 6, 2018 by henry tapper

A curious feature of British middle-class life is the belief in the infallibility of Her Majesty’s Revenue and Customs. The old certainties of “death and taxes” are comforting. When tax-evaders are found out, it reinforces our sense of the rectitude … Continue reading →

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Pensioning employee’s sleep ( with thanks to Kate Upcraft)

Posted on May 19, 2018 by henry tapper

Not for the first time, I’m very grateful to Kate Upcraft for highlighting a pensions issue that impacts thousands of carers – but appears to be completely off the radar of most pension people. Kate is a freelance payroll consultant … Continue reading →

Posted in auto-enrolment, pensions | Tagged , , , , , , , , | 3 Comments

Pension paralysis over the net-pay rip off.

Posted on April 13, 2018 by henry tapper

I won’t bore you with a list, but there are 31 blogs on this site dealing with various aspects of the net-pay rip-off which is denying hundreds of thousands of low-paid people the incentive promised them by HMRC for contributing … Continue reading →

Posted in Payroll, pensions | Tagged , , , , , , | 5 Comments