Tag Archives: salary sacrifice
The Pensions Minister involved in sorting Gavin’s salary sacrifice mix-up.
There is more to Gavin H’s story; here is the latest episode.
Who loses from R&T’s plan to “tax” pension saving (and how much)?
(R&T = Rachel Reeves and Torsten Bell) What I read over the weekend does not set my heart aflame with anger, instead it makes me content that the young will be helped by an 8% rise in their minimum pay … Continue reading
Posted in pensions
Tagged Bitten, National Insurance, NI, Pensions, salary sacrifice, Who loses
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£2bn pension tax-but? Broad shoulders shudder!
I reported yesterday on FT’s concerns on leaks from the Treasury that they might take salary sacrifice down, or at least dismantle it to a point that it no longer became a tax-break for the wealthy. You can read what … Continue reading
Posted in pensions
Tagged Broad shoulders, Pensions, salary sacrifice, Torsten Bell, Treasury
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Rachel and Torsten plan raid on pension national insurance perks
Steve Webb has this to say. I don’t normally pay too much attention to pre-Budget speculation, but this one in the Telegraph has the ring of truth about it, especially just a few weeks before the Budget. Capping (but probably … Continue reading
When pension tax avoidance become pension tax evasion
HM Revenue & Customs said on Thursday that from September 1 it would be “lowering the threshold” for requiring evidence in support of requests for pensions tax relief. Claims by telephone will also no longer be accepted and must be … Continue reading
Posted in pensions
Tagged Contribution, Net Pay, Pensions, personal pensions, salary sacrifice, tax aviodance, tax evasion
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Are NICs saved by salary sacrifice too much for Reeves, Paul Lewis thinks so!
Salary sacrifice investigation bit.ly/4khiyZA about time. It is a benefit for middle class professionals to avoid NICs on pension contributions and tax and NICs on buying a bicycle, joining a gym, buying a car or home computer, childcare, store cards, … Continue reading
Nice perk if you can get it! Pension Exclusion in the UK.
When Guy Opperman became Pensions Minister , he close to have the words ” financial inclusion” inserted into his title, now is the time for him to prove his title’s worth. According to Government statistics, there are 675,000 of us … Continue reading
Posted in advice gap, Big Government, pensions
Tagged Guy Opperman, National Insurance, pension, pensions, salary exchange, salary sacrifice, Taxation
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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 auto enrolment, HMRC, net-pay, pensions, relief at source, salary sacrifice, Steve Webb
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What does the national living wage mean to pensions?
It’s here, it’s being earned and it matters! The National Living Wage (let’s call it NLW to spare space) is going to be paid to those over 25 and means a 50p an hour pay rise and It is expected … Continue reading
Posted in pensions
Tagged auto enrolment, National Insurance, National Living Wage, National minimim wage, NLW, NMW, pension, pensions, salary sacrifice, Tax
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Osborne needs a killer rabbit!
There are two ways to get money into a private pension you can pay the money in yourself as a deduction from pay you can have money paid on your behalf by your employer. Of the two, by far the … Continue reading
Posted in pensions
Tagged #budge16, Budget, Business, Government Incentive, killer rabbit, Monty Python, pensions, rabbit, salary sacrifice, tax relief
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