Tag Archives: net-pay

Is HMRC handing the low-paid pension saver a Pyrrhic victory?

Posted on July 22, 2020 by henry tapper

The government has today published a ‘call for evidence’ on how to address the different outcomes for lower earners, depending on whether their pension schemes use the relief at source (RAS) or net pay method of tax relief. The call … Continue reading →

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

A pension tax- relief debate (beats Love Island any Sunday)

Posted on January 13, 2020 by henry tapper

While the nation was working out Dancing on Ice and the new #loveisland line-up,  I was engaged in an intellectual arm-wrestle with amongst others, Mike Otsuka, John Ralfe, Sam Pickford, Steve Bee and (in the stands) Ros Altmann. The topic, … Continue reading →

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

Right in principle – wrong in practice. Ros Altmann’s tax reforms need more work

Posted on January 7, 2020 by henry tapper

  Ros Altmann is bang on the money when proposing we link healthcare and pensions in her most recent blog The big picture policy issue for the UK is how to afford a healthcare system that is free at the … Continue reading →

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

HMRC – pay up on your pension promises!

Posted on December 21, 2019 by henry tapper

I’m a member of the Net Pay Action Group and I’m going to hold this Government to the promise it made in the Conservative Party Manifesto. We have a “pre-cooked” way to stop 1.7m low earners being diddled out of … Continue reading →

Posted in pensions | Tagged , , , , , , | 4 Comments

Conservative manifesto best on pensions

Posted on November 25, 2019 by henry tapper

Fantastic news that today’s Conservative Manifesto includes a commitment to look at the pensions net pay anomaly. I hope all other parties will now make the same commitment. pic.twitter.com/4MUXrwlDCE — Adrian Boulding (@AdrianBoulding) November 24, 2019 Adrian , along with … Continue reading →

Posted in #WASPI, advice gap, age wage, NHS, pensions, Pensions Regulator | Tagged , , , , , , | Leave a comment

Jo’s pension manifesto

Posted on November 7, 2019 by henry tapper

Sometimes someone comes out with a simple statement that makes sense of all the noise. Jo Cumbo launched her pension manifesto in the pages of Pensions Expert this week and I don’t want them to be lost to readers of … Continue reading →

Posted in pensions | Tagged , , , , , , , , | 1 Comment

Time to tackle pensions tax

Posted on July 12, 2019 by henry tapper

Pension taxation isn’t working. It is benefiting those who find it easy to save and not incentivising those who don’t. It is causing doctors to work below their peak capacity and demanding up to 25% more in contributions from our … Continue reading →

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

“I couldn’t afford a pension”.

Posted on February 18, 2019 by henry tapper

  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 henry tapper

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 henry tapper

  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 , , , , , | 4 Comments