Tag Archives: net-pay

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

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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

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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

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Salary Sacrifice – a foot in the door for the poorly pensioned?


Everybody knows that the pension tax-relief system is heavily weighted in favour of the have’s who get big income tax incentives. It is weighted against the low waged who can get excluded from contribution incentives altogether. Steve Webb, who thinks … Continue reading

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , , | 15 Comments

Who will champion DC savers?


I hear a lot of DB experts at conferences talking about transferring their “skill-set” for the benefit of DC savers; they want to transport their language – diversified growth funds, liability driven investment and glide-paths into the lingua franca of … Continue reading

Posted in dc pensions, pension playpen, pensions | Tagged , , , , , , | 16 Comments

We cannot treat low-earners as second class retirees.


I am returning again to the complicated tax situation that people earning under the nil-rate income threshold find themselves in when saving into pensions. I’m doing so for three reasons From a societal point of view , it is wrong … Continue reading

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“Income follows member” – how we enrol people with lots of small jobs.


It’s strange how little we know about people with lots of jobs. But thinking about my friends, many have multiple sources of income from multiple employers. At one-end, of the spectrum there are people who have a portfolio of Non … Continue reading

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“Only rich people think small amounts don’t matter”


That’s a quote from Debora Price and I’m making it a strap for whatever campaign I can cobble together to make Government Incentives happen for those who qualify for them , but can’t get them because their trustees don’t collect … Continue reading

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

NOW – for something completely different.


Amid all the noise of auto-enrolment , one master trusts has put its head down and got on with mending a damaged reputation by hard work and through decent behaviour. I’m talking about NOW pensions. NOW was set up by … Continue reading

Posted in napf, NEST, now, pensions | Tagged , , , , , , , , , , , , | 8 Comments