Tag Archives: relief at source

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

Posted on February 5, 2016 by henry tapper

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 →

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Prepare for a world without pension tax-relief

Posted on February 4, 2016 by henry tapper

  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 →

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

Posted on December 27, 2015 by henry tapper

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 →

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

Posted on December 16, 2015 by henry tapper

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

“Not complaining, just saying” – DWP + HMT screw-ups + how to deal with ’em

Posted on December 11, 2015 by henry tapper

Yesterday saw two issues re-emerge from Government announcements that were inaccurate and  confusing. Both show that even with their army of lawyers, the Treasury and DWP still make fundamental errors that were they to be made from the private sector … Continue reading →

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Asleep at the wheel on net pay – and they want to drive the bus!

Posted on December 6, 2015 by henry tapper

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 , , , , , , | 1 Comment

Crowd-sourcing a solution to the net-pay pension problem.

Posted on November 23, 2015 by henry tapper

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 , , , , , , , , , , , | 2 Comments

Is a Net Pay pension scheme ever suitable for those earning <£11,000pa?

Posted on November 20, 2015 by henry tapper

@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 →

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TPR gets a kicking from Altmann on “Workplace Pension Choice”.

Posted on November 17, 2015 by henry tapper

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 →

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Thus speaks the Regulator – and TPAS too!

Posted on September 30, 2015 by henry tapper

Some help is at hand for Britain’s SMEs and their business advisers, but there needs to be signposting to specialist advisers that can apply tPR’s guidance and offer a “definitive course of action”.   The Pension Regulator has published some … Continue reading →

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