Tag Archives: tax free cash
Tax Free Cash Payments a test of provider’s VFM? Help the FT find out.
I am keen to help the FT , I count Jo Cumbo and Mary McDougall as next door neighbours up here in London and they have put out a call to FT readers. I got a rap on the wrists … Continue reading
FCA and HMRC “panic warnings” won’t stop people taking cash.
The Government should not make promises on how the state pension operates , or how income tax operates. It doesn’t tell us what it’s going to do with the taxation of pensions after all. The implementation of inheritance tax changes … Continue reading
Tax free cash? Taken advice? Panicking?
I find it hard to justify my blog pushing back on this work But I fear I’ll have to! First the phrase “still in work” applies to many people who have “retired”. Not many people say they’ve stopped working and … Continue reading
The worries we have about our pension, cash and tax
To get a little sense into the discussion about the current tax free cash (TFC) and how most people are impacted by the Lifetime Savings Allowance (LSA), then we have to know that the LSA restricts the amount you can … Continue reading
A DB Trustee gives us an history lesson on tax free cash
As a DB trustee, I sometimes wondered where the 25% tax free lump sum came from. Apparently it started back in an Edwardian age, when civil servants were granted a lump sum at retirement in return for a lower pension … Continue reading
Posted in pensions
Tagged Business, Derek scott, Financial services, Pensions, Retirement, tax free cash
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Paying tax free cash as pension is not as dumb as UFPLS sounds!
Uncrystallised funds pension lump sums (UFPLS) were introduced to help “pension freedoms” and allow pension holders to withdraw some, or all of their uncrystallised funds as a lump sum. The idea is that you don’t have to take … Continue reading
Too rich to fail?
The importance of the wealthy to out tax system is something I just don’t get. Every year I hear arguments against wealth taxes that start “the Government would never annoy..” and then roll out some special interest group which usually … Continue reading
Tax-free cash is pension liberation – and more trouble than it’s worth
Experts warned it wouldn’t end well and it hasn’t. Jo Cumbo and the FT have been speaking to senior wealth managers who find clients betwixt and between when maximising the tax-free lump sum they can draw from their pension pots. … Continue reading
Posted in pensions
Tagged annuity, CDC, DWP, Pension Liberation, Pensions, Retirement, tax free cash
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The use and abuse of pension’s “tax-free cash”.
If you were to create a word-cloud of associations people make with pensions, I bet “tax-free cash” would feature prominently. I tried to google such a word-cloud but got a lot of constructions that look like they’d been made … Continue reading
My call for an end to contingent fees on DB pension transfers
Calls to keep contingent pricing fall on my deaf ears. I champion the pension rights of those with low incomes and I champion the rights of those likely to get lower pensions (women). I don’t champion the right of … Continue reading
Posted in advice gap, pensions
Tagged advice, CETV, DB transfers, Debbie Abrahams, Frank Field, Guy Opperman, IFA, Jack Dromey, pensions, tax free cash
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