Tag Archives: tax relief

Why pension tax-relief has remained a rich man’s perk

Posted on April 18, 2022 by henry tapper

Back in 2015, when reform of the pension tax relief system was under a consultation “Strengthening the incentive to save: consultation on pensions tax relief – GOV.UK (www.gov.uk)” the Government requested Ipsos Mori to research how much the general population … Continue reading →

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

What we don’t consider matters

Posted on August 21, 2020 by henry tapper

Listening to Victoria Derbyshire talking about domestic abuse on the radio this morning , I was struck by one insight. When asked why domestic abuse had been such a low priority at the start of lockdown she observed that as … Continue reading →

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , | 1 Comment

A great report on tax injustice from the ABI at prayer.

Posted on June 24, 2020 by henry tapper

It’s a good and timely report and its analysis of inequality is excellent. But it is only addressing a quarter of the Government’s incentives bill and the solution it models is a lot more painful to the mass-affluent than the report implies Continue reading →

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Treasury flies a pension kite on a stormy weekend

Posted on February 8, 2020 by henry tapper

For as long as I’ve been advising on pensions, the weeks running up to the budget have been filled with rumours of draconian reductions in the subsidies available to the rich to featherbed their retirement. This FT story has the … Continue reading →

Posted in age wage, pensions, Politics, Treasury, welfare | Tagged , , , | 3 Comments

Tom McPhail – “the Thunderer’s thunderer” #pensions #tax #relief

Posted on January 21, 2020 by henry tapper

Sir, The government should abandon its attempts to find a quick fix to the pension allowance taper problem affecting high earners including doctors and judges (“Pension tax windfall for top earners”, Jan 16, and letter, Jan 17). The pension tax … Continue reading →

Posted in dc pensions, pensions | Tagged , , , | 3 Comments

A pension tax- relief debate (beats Love Island any Sunday)

Posted on January 13, 2020 by henry tapper

While the nation was working out Dancing on Ice and the new #loveisland line-up,  I was engaged in an intellectual arm-wrestle with amongst others, Mike Otsuka, John Ralfe, Sam Pickford, Steve Bee and (in the stands) Ros Altmann. The topic, … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , , , , , , , | 2 Comments

Pension tax-relief – a fact based argument for change.

Posted on January 12, 2020 by henry tapper

  The change I am suggesting would turn pension taxation on its head, it would mean pension contributions would be taxed at more than 60% for high earners but that the lowest earners would be exempt from pension taxation.  Pension … Continue reading →

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What “fair pensions” might mean in the next five years.

Posted on December 15, 2019 by henry tapper

  Jim Coney writing in the Times , explains his thinking on pensions tax-relief. He is right to point to the likelihood of major reform of the current system within the next 5 years. If the Conservatives are going to … Continue reading →

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

Pension tax transparency a long way off

Posted on October 27, 2019 by henry tapper

    The malaise  with pension taxation goes much deeper than the immediate symptoms, the complexity of the Annual and Lifetime allowances, the obscurity of the money purchase annual allowance and the perversity of the running both net pay and … Continue reading →

Posted in pensions, steve webb, Treasury | Tagged , , , , , , | 2 Comments

For everyone’s sake – let’s sort pension savings incentives this budget.

Posted on October 22, 2019 by henry tapper

    Diversity is about including and it’s so important to pensions that we now have a minister of pensions and financial inclusion. A big part of the minister’s job is to create diversity – including not just men and … Continue reading →

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