Tag Archives: tax relief
Beware false prophets!
Before breathing a sigh of relief, the pension industry should remember the diversionary tactics put in place by the Treasury prior to the introduction of Pension Freedoms , the budget before last. Tax relief- as it impacts you and me- … Continue reading
Posted in pensions
Tagged Business, Financial services, pension, pensions, Retirement, tax relief
2 Comments
Running Pension Policy – Snapchat Style!
There are leaks and there are leaks, but this feels like the Treasury pulling the plug out with the bath full and ready! Take a look at the timeline of the Times’ story (12.01am); this is no idle tittle-tattle from the … Continue reading
Posted in Pension Freedoms, pensions, Treasury
Tagged DWP, HMRC, HMT, pensions, Ros Altmann, tax relief, tax-reform, Treasury
1 Comment
5 reasons why pension tax-relief should go!
As a nation we cannot afford it (as part of a balanced welfare system) We are over-incentivising private pensions (compared with similar countries) Tax-relief is bloating the wealthy not helping the poor The influx of 11m+ new savers into AE (especially … Continue reading
What is the point (of tax-relief)?
A tired (and possibly emotional) actuary sends me a late night mail which starts.. What is the tax relief deal? Govt in effect borrows money over 40 years on average to invest in whatever DC investors invest in and … Continue reading
Posted in pensions
Tagged auto enrolment, bread, incentives, pensions, tax relief, Titanic
3 Comments
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
1 Comment
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
1 Comment
Pensions Austerity – tougher for the rich than the poor?
Speculating on budgetary changes is a mugs’ game and I’ve been as guilty as any of trying to second guess not only the direction but the destination of travel – following the announcements last year of a radical overhaul of … Continue reading
Posted in pensions
Tagged Budget16, Business, distribution re-distribution, higher rate tax, HMRT, pensions, Retirement, Saving, Tax, tax relief
1 Comment
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
2 Comments
TEE(n) – Why would Osborne do anything else?
I was re-reading Steve Webb’s article in the Daily Telegraph where he outlines why he thinks Pensions ISAs would be a disaster. The more I read it, the less I get it. Let’s go back to basics. It is … Continue reading
Posted in Pension Freedoms, pension playpen, pensions, Politics, Public sector pensions
Tagged EET, Michael Johnson, NHS, pensions, tax relief, tax-incentivisation, TEE, TEEn
5 Comments
How the autumn statement will effect pensions and pensioners
There were no big pension surprises in this autumn statement but the Chancellor managed to squeeze some savings from auto-enrolled workers and pensioners. All eyes now turn to the 2016 Budget where the Chancellor is expected to make an announcement … Continue reading
Posted in accountants
Tagged auto enrolment, Autumn Statment, George Osborne, HMRC, pensioners, pensions, Tax, tax relief, Treasury
1 Comment