Tag Archives: Philip Hammond

The Treasury could make muppets of us all!


  With something like 50m as a target customer base, the Treasury’s announcement that they will be allocating £5m to the Pensions Dashboard , suggests it is worth around 10p per tax-payer next year. My maths might be deficient , … Continue reading

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Pension = Wage for life


Sloppy journalism confusing readers. A quick scan of the Daily Telegraph’s Money Pages leaves me hopeless at its hapless reporting of pensions. Somebody should sit down with the whole personal finance team and read them the riot act. Take Mike … Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , , , , | 4 Comments

The half completed bridge – pension tax reform.


      Today is Budget Day, though you wouldn’t know it! It’s a kind of side-issue when mainstream news is dominated by Trump’s latest antics and speculation over BREXIT. There was a time when the Pension world would be … Continue reading

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A new pension deal for the self- employed


In April 2015, the Government announced it intended to abolish class 2 National Insurance Contributions and replace them with a new system for the payment of Class 4 NICS. On 5th December they published more detail. Broadly this will mean … Continue reading

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Where does all our money go?


Two of the big three revenue sources are income tax and national insurance, they’re the ones who hurt the well off. The third biggie -VAT is the one that hurts the poorest. Poor people pay VAT at the same rate as … Continue reading

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Whatever happened to the reform of pension tax relief?


The Government’s plans to resolve the injustices of the Pension Tax Relief system appear to have been ditched. Announced in the budget of 2015, expected in that year’s autumn statement and postponed in the months running up to this year’s … Continue reading

Posted in advice gap, annuity, auto-enrolment, pensions | Tagged , , , , | 4 Comments

Walk walk walk – not talk talk talk


I have just read an article by Sophie Baxter that puts numbers to the failure of David Cameron to create a one nation Government. It explicitly draws parallels with Cameron’s oration to the nation on entering #10 six years ago. It … Continue reading

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