Tag Archives: net-pay

“I couldn’t afford a pension”.

Posted on February 18, 2019 by

  In my book of objections, supplied to me the first brokerage I sold for, the “I can’t afford it” objection sat at the top of the list. We were told to ask the customer “can you afford not to … Continue reading →

Posted in advice gap, auto-enrolment, pensions | Tagged , , , , , | 3 Comments

Managing pension expectations – are we doing enough?

Posted on January 16, 2019 by

This is one of those blogs where my focus is on big Government – or policy – rather than the little things that go into making political strategy happen. For a long time, as long as I’ve been working, there … Continue reading →

Posted in advice gap, age wage, pensions, religion | Tagged , , , , , | 2 Comments

The only solution to the net-pay pension problem comes from HMRC

Posted on January 14, 2019 by

  Last Thursday, there was another meeting of the group of us, determined to keep up pressure to sort the problem of net-pay pension contributions this side of auto-enrolment’s next big phasing hike in April. Just to rehearse the problem, … Continue reading →

Posted in accountants, pensions | Tagged , , , , , | 3 Comments

What is the net pay anomaly?

Posted on December 21, 2018 by

      UK government spending on pensions and top-up benefits for pensioners amounts to 5.9 per cent of GDP – and this figure is projected to increase to 6.3 per cent over the next half century. In addition, the … Continue reading →

Posted in advice gap, auto-enrolment, pensions, Treasury | Tagged , , , , , | 2 Comments

Was that “do-nothing” budget good or bad for pensions?

Posted on October 30, 2018 by

We are naturally conservative, resisting change while demanding improvements. We cannot have it both ways! Maintaining the status quo – as yesterday’s budget did, will please those who hate tinkering but displease those who see the current system as broken. … Continue reading →

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Will “DC deficits” become a thing of the past?

Posted on October 11, 2018 by

News of HMRC’s “change of position” with regards the “net-pay- anomaly” is welcome, and long overdue. It came in the form of a letter sent in response to a request from respected journalist Jo Cumbo of the FT. Govt to … Continue reading →

Posted in advice gap, annuity, auto-enrolment, pension playpen, pensions | Tagged , , , , , , | 2 Comments

Tax and “net-pay fallibility”.

Posted on October 6, 2018 by

A curious feature of British middle-class life is the belief in the infallibility of Her Majesty’s Revenue and Customs. The old certainties of “death and taxes” are comforting. When tax-evaders are found out, it reinforces our sense of the rectitude … Continue reading →

Posted in accountants, advice gap, age wage, pensions | Tagged , , , , , | Leave a comment

Can a DC plan be “in deficit”?

Posted on September 2, 2018 by

Yesterday, I fired off a message to the Pensions Regulator to put a stop on Whitbread’s sale of Costa to Coke, till restitution is made of the money owing to the low earners auto-enrolled into its net pay workplace pension. I won’t … Continue reading →

Posted in accountants, pensions | Tagged , , , , , , | 2 Comments

Pension paralysis over the net-pay rip off.

Posted on April 13, 2018 by

I won’t bore you with a list, but there are 31 blogs on this site dealing with various aspects of the net-pay rip-off which is denying hundreds of thousands of low-paid people the incentive promised them by HMRC for contributing … Continue reading →

Posted in Payroll, pensions | Tagged , , , , , , | 5 Comments

HMRC’s pension taxation; the Scottish question.

Posted on February 26, 2018 by

The HMRC’s position on pension taxation reached new heights of barminess last week, with its decision to let the new “19% Scottish taxpayers” receive 20% relief at source. This is Apparantly one of those problems that gets put in the too … Continue reading →

Posted in pensions | Tagged , , , , , , | 6 Comments