here’s what you’ve been saying
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Tag Archives: LTA
Why I’m for “patient capital”
‘Patient capital’ plan could unlock pensions savings limits https://t.co/Du4qIqcSs3 via @FT — Josephine Cumbo (@JosephineCumbo) November 24, 2017 I missed the consultation on “patient capital” but I’m pleased that it’s resulted in a proposal was put forward by an … Continue reading
Posted in advice gap, pensions
Tagged AA, Budget, LTA, Nigel Wilson, Patient Capital, social purpose
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AA and LTA – a small price for the rich to pay.
The Telegraph have unearthed some research that suggests that the average extra tax paid by the pension super-rich is £46,332. HMRC’s figures show that the total amount of tax paid by people whose pension savings rise above the lifetime … Continue reading
Taper tantrums
Not my phrase – Jo Cumbo’s. Read her brilliant article on the travails of our super-earners who struggle to cram enough money into their pensions. The annual allowance taper can see a £40,000 pa annual contribution allowance diminish to … Continue reading
I’m nearly 55 – here’s what I’m doing for myself!
In this blog, I want to share with you my DIY approach to organising my finances as I approach 55. 55 has become an important year as it is the point when you move into what can best be called … Continue reading
Posted in pensions, Retirement, reward, welfare
Tagged HMRC, LTA, Michelle McGrade, pension, Permanent Protection, planning, protection, Retirement, Scheme, TPAS
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The UK is saving too much…not! (guest blog from RALPH FRANK)
The Office for National Statistics released the latest Quarterly National Accounts during the Festive Season. These Accounts, covering July to September 2015, reveal that the Savings Rate for households and non-profit institutions serving households fell to 4.4% over the quarter – … Continue reading
Consistency and Simplicity (guest blog – Ralph Frank)
The current UK pension taxation regime gives preferential treatment to Defined Benefit (“DB”) savers relative to Defined Contribution (“DC”) savers at both theAnnual Allowance (“AA”) and Lifetime Allowance (“LA”) levels. The current taxation system is overly complex, with two … Continue reading
Posted in pensions
Tagged AA, Business, dc pensions, Employment, Government, LTA, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Politics, Ros Altmann, Tax
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Dear Government- “Five do’s, five don’ts” – #pensions
For those slipping quietly into retirement in the UK the political promises are about the revaluation of your state benefits, the payment of your winter allowance and the tax treatment of your savings and income. Whatever you have done or not … Continue reading
Posted in pensions
Tagged annuity, auto enrolment, Business, Commission, DWP, Employment, exempt, Government, Greg McClymont, Leonard Cohen, Life Time Allowance, LTA, Minister Webb, National Employment Savings Trust, NEST, Pension new, pension playpen, pensions, Retirement, retirement income, retirement savings, Steve Webb, tax relief, VAT
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Why Osborne’s so wrong to cap our pension ambition.
I wanted to know the amount I would earn if I started on £25,000 when I was 25 and got steady wage rises of 5% pa till I was 65. The answer, according to this little modeller , is just over … Continue reading
The Treasury – the office of pension irresponsibility
The Treasury should be renamed the office of pension irresponsibility. It wants to milk pensions as the “new banks” and is acting as the political wing of the housing market. It talks fiscal prudence while pushing the bribes of March. For … Continue reading
Posted in pensions
Tagged Andrew Neil, Budget 2015, First Time Buyers, Housing, housing market, ISA, Lifetime allowance, LTA, Osborne, pensions, Steve Webb, The Treasury
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Is he mad in the Ed? -Another great guest blog from Ralph Frank
Ed Miliband’s recent proposal to cut the Lifetime Allowance (“LA”) for pension savings from £1.25 million to £1 million would deal a further blow to encouraging private pension provision, if implemented. The LA is, in my opinion, a flawed tool … Continue reading
