Tag Archives: relief at source
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 blitzkrieg, maginot line, pensions, radar, relief at source, tax incentive, tax relief
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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 Compensation, DWP, ft, jo cumbo, net-pay, pensions, Pensions Minister, Pensions Regualtor, relief at source, Ros Altmann, TPR
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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 auto enrolment, DWP, HMRC, net-pay, pensions, PLSA, relief at source, salary sacrifice, Tax, tax relief, Treasury
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“Not complaining, just saying” – DWP + HMT screw-ups + how to deal with ’em
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
Posted in pensions
Tagged advice, auto enrolment, compliance, FCA, Guidance, net-pay, Pension Wise, pensions, relief at source, TPR
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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
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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
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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
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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
Thus speaks the Regulator – and TPAS too!
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
Posted in pensions
Tagged advice, auto-enrolment-net pay, DWP, Guidance, Pension Advisory Service, Pension Regulator, PR, relief at source, The Pensions Regulator, TPAS
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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