Tag Archives: National Insurance
Who loses from R&T’s plan to “tax” pension saving (and how much)?
(R&T = Rachel Reeves and Torsten Bell) What I read over the weekend does not set my heart aflame with anger, instead it makes me content that the young will be helped by an 8% rise in their minimum pay … Continue reading
Posted in pensions
Tagged Bitten, National Insurance, NI, Pensions, salary sacrifice, Who loses
5 Comments
Priorities for delivery of pension pain? – The latest HMT fishing.
The Government continues its fishing expeditions on budget taxation withe the FT being given the job of promoting the levying of national insurance on employer contributions into people’s pensions, this would include contributions made by savers who elect to sacrifice … Continue reading
NI , Selfies, Sidecars – here are some questions on “adequacy”
I have some friends who have worked in Government, in the Treasury and DWP and who understand state first and second pensions better than me. There are many in the private sector , such as Steve Groves, who are … Continue reading
National insurance and the funding of the state pension
There are plenty of people, especially young people, who don’t believe they will get the state pension. We all vaguely recognise a link between national insurance and pensions, so when people hear the Chancellor say he wants to scrap national … Continue reading
We have to earn our tax cuts
Earnings come from work – productive work. Earning pay for things – they provide us with the means to pay household bills and the nation to meet its obligations to its citizens. This week we saw one major council … Continue reading
There will be cracks in care funding – that’s how the light gets in.
Today we have had it confirmeded that in exchange for a substantial increase in national insurance – to fall on those in work, those past work will be comforted that they will have their care fees paid for them, save … Continue reading
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
An inflation-busting “pay-rise” for low earners – but “who pays?”
The Government’s announced that for pay periods starting on or after 1st April 2020 the National Living Wage (NLW) will increase by 6.2% – four times the rate of inflation. The NLW (for over 25 year olds) will increase from … Continue reading
Posted in accountants, age wage, pensions
Tagged National Insurance, NMW, NWL, Pay, Payroll, pensions, Tax
5 Comments
“Mind the width – improve the quality” #Pensions must “include” properly!
When Guy Opperman became Pensions Minister , he had” financial inclusion” inserted into his title; now comes his challenge. According to Government statistics, there are 675,000 qualifying workers in the “savers rate” of tax, ( the tax band where we … Continue reading
Posted in NEST, pensions
Tagged David Gauke, Guy Opperman, inclusion, National Insurance, pensions, Social inclusion
3 Comments
Nice perk if you can get it! Pension Exclusion in the UK.
When Guy Opperman became Pensions Minister , he close to have the words ” financial inclusion” inserted into his title, now is the time for him to prove his title’s worth. According to Government statistics, there are 675,000 of us … Continue reading
Posted in advice gap, Big Government, pensions
Tagged Guy Opperman, National Insurance, pension, pensions, salary exchange, salary sacrifice, Taxation
5 Comments