Tag Archives: HMRC
When will these taxation nightmares end?
The ludicrous complexity around the 2016/17 rules for the pension annual allowance, are only part of the story! Add to them , the extraordinary complexity surrounding the use of Pension Input Periods and you have manna from heaven for pension tax … Continue reading
Posted in pensions
Tagged Consultation, Green paper, HMRC, nightmare, pension nightmare, Taxation
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Pensioning high-earners;- the nightmare deepens
We’ve known about the problems for high earners losing their pension lifetime allowance protection for some time. They now have an exemption from auto-enrolment if their employer knows that enrolment would jeopardise their tax privileges in retirement. But now there’s … Continue reading
Posted in pensions
Tagged adjustment, annual allowance, code, HMRC, Lifetime allowance, Payroll, pensions, Tax
2 Comments
What price support – and how much should bosses pay for NEST?
A few years ago, most us reckoned the future of auto-enrolment was NEST and when NEST published document’s like it’s “Future of retirement” it was because it could rightly claim the major stake in that proposition. But I’m not sure how much … Continue reading
Posted in auto-enrolment, pensions
Tagged auto enrolment, auto-enroment, DWP, HMRC, NEST, People's Pension, workplace Pensions
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Is pension salary sacrifice an answer?
After the ruck created by articles in the FT and the Daily Express, I’ve heard several pension experts tell me that if we did not have employer contributions, all the issues around net-pay and relief at source would go away. … Continue reading
Posted in pensions
Tagged Consultants, HMRC, net-pay, pensions, relief at source, salary sacrifice, Tax
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85 million reasons for change! Why pension tax relief is front page news.
The Daily Express has picked up on the “loophole” caused by the increase in the nil rate band that is denying £85m of pension tax relief at source to part time workers (and the very low paid) in occupational pension … Continue reading
Posted in pensions
Tagged auto enrolment, Business, Defined benefit pension plan, DWP, Employment, Government, HMRC, NAPF, net-pay, occupational pensions, Pension new, pension playpen, pensions, relief at source, tax relief, Treasury
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Simplifying AE – why the workforce assessment IS worth it
The Government is calling for ideas to simplify auto-enrolment. I had an interesting discussion with a senior payroll policy lobbyist yesterday. She argues that the “workforce assessment” is too problematic to become part of the normal payroll function of Britain’s … Continue reading
Posted in accountants, advice gap, auto-enrolment, DWP, pensions, Pensions Regulator, risk, Ros Altmann, welfare
Tagged auto enrolment, baby, bathwater, BPT, DWP, HMRC, micro-micro, Micros, pensions, simplification, SME, The Pensions Regulator, TPR, workforce assessment
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Pension PlayPen’s response to the Treasury on pension tax-relief
The Treasury has asked eight great questions which go to the heart of how we incentivise pension saving. Here are our responses. We haven’t formally sent these responses to the Treasury yet, so if you have any comments, please send … Continue reading
Posted in pensions, Pensions Regulator, Public sector pensions
Tagged auto enrolment, Business, Business and Economy, corporate governance, corporate risk, dc pensions, DWP, EET, Financial services, Government, HMRC, occupational pensions, ocnsultation, pension, Pension new, pension playpen, Pension Regulator, pensions, Politics, public sector, Public Sector Pensions, Retirement, Steve Webb, tax relief, TEE, The Treasury
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A new pension deal
A NEW PENSIONS DEAL – NOT A NEW KIND OF ISA There is only one thing that distinguishes a pension plan from an ISA plan and that is liquidity. By “liquidity”, I mean the ease with which the plan holder can … Continue reading
Posted in pension playpen, pensions, Pensions Regulator
Tagged Actuarial science, auto enrolment, Business and Economy, Financial services, George Osborne, Government, HMRC, Michael Johnson, National Employment Savings Trust, new deal, Pension Plan, pension plans, Pension taxation, pensions, Tax, Treasury
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Probably the worst flagship tax ever?
George Osborne says his proposed tax break for high value homes is about “values”, it is no such thing. This policy is about votes. What is going on with the conservatives on tax? They have become obsessed with the “retail … Continue reading
Posted in auto-enrolment, Change
Tagged accountancy, George Osborne, HMRC, inheritance tax, Labour Party, OBR, pensions, Tax, tax giveaway, Treasury
4 Comments
How HMRC passes the buck on Pension Liberation Fraud
The only people who seem to be being dumped on are occupational pension trustees. Continue reading