Tag Archives: National Insurance

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

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Giving the self-employed their “pensions due”.


The budget announcement of a phased 2% increase in Class 4 National Insurance Contributions (NIC)s was generally considered bad politics but could it be good policy? In pension circles, any changes to NICs are regarded as interesting. They fund the … Continue reading

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Time to dig this Government out of its hole?


Tax, national insurance and pensions policy should be put in a vault marked “toxic” and should be handled with extreme caution. This morning I have three toxic issues to prove my point. The fiasco of announcing an increase in national insurance … Continue reading

Posted in auto-enrolment, NEST, pensions | Tagged , , , , , , , , | 2 Comments

A new pension deal for the self- employed


In April 2015, the Government announced it intended to abolish class 2 National Insurance Contributions and replace them with a new system for the payment of Class 4 NICS. On 5th December they published more detail. Broadly this will mean … Continue reading

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Where does all our money go?


Two of the big three revenue sources are income tax and national insurance, they’re the ones who hurt the well off. The third biggie -VAT is the one that hurts the poorest. Poor people pay VAT at the same rate as … Continue reading

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Respect for the self-employed


It’s a truth as old as the hills that there are two types of self-employed. Those who choose to be and those who have no choice. Most people who read this blog have more experience with the “professional” classes who … Continue reading

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What does the national living wage mean to pensions?


It’s here, it’s being earned and it matters! The National Living Wage (let’s call it NLW to spare space) is going to be paid to those over 25 and means a 50p an hour pay rise and It is expected … Continue reading

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What is salary sacrifice and why’s it under threat?


If you read Jo Cumbo’s piece on possible changes to pensions tax relief in the FT yesterday, you’ll have seen references to the abolition of pension salary sacrifice. Pension Salary Sacrifice is quite legal and both the DWP and HMRC … Continue reading

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Pension’s pain is payroll’s gain!


The 25th November is likely to be another red letter day for pensions. The consultation on the way tax relief is paid to those contributing to pensions ended on September 30th and we understand that three options are still under … Continue reading

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A tax on pensions, no one saw coming.


The single state pension , coming to a pensioner near you , from April 2016 is supposed to be simple. It will operate under the same rules for everyone. But that doesn’t mean that everyone will get the same pension (as … Continue reading

Posted in pensions, Pensions Regulator, Ros Altmann | Tagged , , , , , , , | 18 Comments