Tag Archives: Income tax
“The most kindest cut of all” – axing IHT exemptions would do pensions a favor.
My advice to the Treasury is simple “make DC pension pots taxable as part of the inheritable estate”. It’s a tax break we can do without The situation at present is like this Take your money out of your pot … Continue reading
Posted in pensions
Tagged annuity, IHT, Income tax, inheritaince tax, Pensions, personal pensions, Tax
1 Comment
Pension tax-relief – a fact based argument for change.
The change I am suggesting would turn pension taxation on its head, it would mean pension contributions would be taxed at more than 60% for high earners but that the lowest earners would be exempt from pension taxation. Pension … Continue reading
Posted in pensions
Tagged change, EET, Income tax, National Insurance, pensions, tax relief, TEE, trustees
10 Comments
Tee Time?
A couple of weeks ago, I spoke with Michael Johnson about what he thought the budget’s proposals for pensions would be. He reminded me of this paper he had sent me in April and suggested that the Budget would be … Continue reading
Posted in pensions
Tagged annuity, Business, Financial services, Income tax, ISA, ISAs, Michael Johnson, pension, Pension new, pension playpen, Pension Regulator, Pension taxation, pensions, Retirement, Tax
3 Comments
Swapping away your pension increases?
We’re seeing a lot of sponsors asking their trustees to agree that members can be offered a cash inducement or a higher level pension in exchange for their giving up their entitlement to future increased in their pensions. So what should … Continue reading