Tag Archives: relief at source

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

Posted in pensions | Tagged , , , , , , , | 5 Comments

“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

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

“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

Why Now had to bail out HMRC


  Workplace pension provider NOW: Pensions has announced  that it will pay the Government’s workplace pension for the Government. For the 2015/2016 tax year NOW will make up the income tax relief shortfall for members of its scheme that aren’t taxpayers … Continue reading

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

Choosing our “Workie”- how hard can we make it?


This week and for weeks to come , I am out and about talking with the payroll partners of large accountancy practices who feel they have no choice but to help their employer clients through auto-enrolment. I’m doing this work … Continue reading

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

Prepare for a world without pension tax-relief


  The concept of “flat rate tax relief” for pensions is now accepted. There is a consensus behind it. Even the ABI, who until recently were predicting plagues of locusts if higher rate relief were abolished, appear to have got … Continue reading

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

Net pay schemes – 5 chances – then name and shame employers!


The Pension Minister is threatening to require employers who run net pay pension schemes that disadvantage staff to compensate those low-paid individuals who lose out on tax relief. The majority of the tax relief foregone is on contributions to Government … Continue reading

Posted in pensions | Tagged , , , , , , , , , , | 5 Comments

Auto-enrolment limits – what the DWP aren’t saying!


The DWP’s paper on the Earnings Trigger and Qualifying Earnings Bands(QEB) for auto-enrolment next year is very well written and gives an insight into just how much thought is going into managing the conflicting needs of employers, workers, administrators and…HMRC. … Continue reading

Posted in accountants, auto-enrolment, Payroll, pension playpen, pensions, Pensions Regulator, Treasury, welfare, Workie | Tagged , , , , , , , , , , | 2 Comments