Tag Archives: net-pay
Asleep at the wheel on net pay – and they want to drive the bus!
The PLSA are making a fuss about SMEs. Small Business Saturday tells me that my small business can get its help – and it’s just round the corner! But I am not convinced, since the launch of Pension Solutions, its … Continue reading
Posted in napf, NEST, pension playpen, pensions, PLSA
Tagged asleep at the wheel, auto enrolment, net-pay, PLSA, relief at source, Workie, workplace pension
1 Comment
A lot more people earning £10k or less are “in” and some don’t even know it.
I was talking to an auditor recently who had questioned why someone who cleaned her client’s office in the morning and was on £120 pw had been considered an eligible jobholder – and auto-enrolled. It turned out that the cleaner submits an … Continue reading
Crowd-sourcing a solution to the net-pay pension problem.
The people who are losing out on Government contributions into their workplace pensions because their schemes work on net pay rather than “relief at source” are oblivious of this problem, they serve coffee in Costa, work in nursing homes and … Continue reading
Posted in auto-enrolment, Blogging, journalism, NEST, now, Payroll, pension playpen, pensions, Pensions Regulator
Tagged Adrian Boulding, auto enrolment, DWP, henry tapper, Kate Upcraft, net-pay, Pensioins, pension, relief at source, Ros Altmann, Workie, workplace pension
2 Comments
End of year sweep up to resolve “net pay” lost tax relief?
A friend, a Director of NOW Pensions and a man whose integrity cannot be questions , has sent me this paper. I had thought to take thoughts on it privately, but in the light of the controversy over “net pay” … Continue reading
Posted in pensions
Tagged net-pay, NOW Pensions, Pension taxation, pensions, PLSA, The Pensions Regulator
8 Comments
Is a Net Pay pension scheme ever suitable for those earning <£11,000pa?
@pensionmonkey Who can explain why Net Pay pension scheme is suitable for those earning <£11,000pa next yr?@PensionsSam @Henryhtapper — Ros Altmann (@rosaltmann) November 20, 2015 With this straightforward question, our Pensions Minister puts her finger on one of the central … Continue reading
Posted in pensions
Tagged master trust, NEST, net-pay, People's Pension, relief at source, Ros Altmann, trust
2 Comments
TPR gets a kicking from Altmann on “Workplace Pension Choice”.
In a spectacular piece of reporting, the FT’s Josephine Cumbo has exposed a structural weakness at the centre of Auto-Enrolment;- the failure of the Pension Regulator, the advisory trade bodies and the FCA to provide proper guidance to our 1.8m employers … Continue reading
Is pension salary sacrifice an answer?
After the ruck created by articles in the FT and the Daily Express, I’ve heard several pension experts tell me that if we did not have employer contributions, all the issues around net-pay and relief at source would go away. … Continue reading
Posted in pensions
Tagged Consultants, HMRC, net-pay, pensions, relief at source, salary sacrifice, Tax
3 Comments
85 million reasons for change! Why pension tax relief is front page news.
The Daily Express has picked up on the “loophole” caused by the increase in the nil rate band that is denying £85m of pension tax relief at source to part time workers (and the very low paid) in occupational pension … Continue reading
Posted in pensions
Tagged auto enrolment, Business, Defined benefit pension plan, DWP, Employment, Government, HMRC, NAPF, net-pay, occupational pensions, Pension new, pension playpen, pensions, relief at source, tax relief, Treasury
1 Comment
“Low earners miss out on £85m pension tax relief” – and why!?
“Millions of part-time workers are being denied valuable tax-breaks on their pension contributions as government officials knowingly all low them to save into schemes that will not pay them relief they are entitled” So thundered the FT (26/09/15) and it’s … Continue reading