Tag Archives: net-pay

Managing pension expectations – are we doing enough?


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 , , , , , | 1 Comment

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


  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?


      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 , , , , , | 1 Comment

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


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

Posted in pensions | Tagged , , , , , | Leave a comment

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


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”.


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”?


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.


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.


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

Is auto-enrolment to become a stealth-tax on the poor?


  The DWP has released a 200 page  report into the state of the auto-enrolled nation. You can access it here. I’ve read the executive summary which is full of surprises and the report is clearly informing future strategy. The … Continue reading

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