Tag Archives: tax relief

Why I want to be old – rich and pay no tax!

There’s a famous story, now fading from popular memory about Strand, a brand of cigarettes in the sixties. Strand came out with a strap-line “you’re never alone with a Strand” It killed the brand stone-dead. People associated smoking a Strand … Continue reading →

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

“We all defer together?” – Guest Blog from Ralph Frank

The recently announced consultation on pensions tax relief has stirred up thought and debate on the issue of incentivising long-term saving.  There are theoretical, commercial and practical aspects to be addressed in this process of defining an approach to pensions … Continue reading →

Posted in pensions | Tagged , , , , , , , , , , , , , , , , | Leave a comment

“Tax relief – what are the numbers?” Guest blog from Ralph Frank

The Government has repeatedly expressed its concern, both in the 2015 Budget (paragraph 1.232) and in the recently announced consultation on pensions tax relief, at the level of income tax forgone through the provision of pension tax relief.  This concern … Continue reading →

Posted in pensions | Tagged , , , , , , , , , , , , , | 6 Comments

Why “pensions ISAs” must be more than ISAs

Ros Altmann has recently commented that simply topping up ISAs and calling them “Pension ISAs” is not going to help solve our long-term retirement problems. The danger of using the ISA structure is that it ignores the fundamentals- that people … Continue reading →

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , , | 4 Comments

Pension PlayPen’s response to the Treasury on pension tax-relief

The Treasury has asked eight great questions which go to the heart of how we incentivise pension saving. Here are our responses. We haven’t formally sent these responses to the Treasury yet, so if you have any comments, please send … Continue reading →

Posted in pensions, Pensions Regulator, Public sector pensions | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Towers Watson’s mansion on the hill.

It’s good to see Pension Minister Ros Altmann paying some attention to the pension small schemes sign up to as part of staging auto-enrolment. Corporate Adviser run the article, the link’s here. Of course Ros is thinking about the 1,200,000 … Continue reading →

Posted in pensions | Tagged , , , , , , , , , , , , , , , , | 1 Comment

Free to overpay tax?? – what kind of freedom is that?

Question – when is a freedom a pension freedom? Answer- when its got a big tax-bill attached! The pensions minister Ros Altmann has said the government’s proposals to tax pensions in a similar way to individual savings accounts could be … Continue reading →

Posted in Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , , , , , | 1 Comment

Beyond tax relief – a new savings incentive

In 2002, Ros Altmann wrote a blog, suggesting we move from incentivising pensions savings through tax relief , to a system which targeted those who needed help most- those with low incomes who found it hardest to save decent amounts. … Continue reading →

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

We had it coming!

I haven’t read the reaction of the pension hierarchy to the Treasury’s consultation on the future of pension tax relief – I don’t have to. Steve Bee’s tweet “I don’t want to spend the rest of my time on this … Continue reading →

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

Raining on pensions (again)! Guest Blog from Ralph Frank

    The 2015 Summer Budget has delivered a series of blows to pensions in the UK.  The Chancellor of the Exchequer claims that “the government is committed to supporting savers at all stages of their lives to help them … Continue reading →

Posted in pensions | Tagged , , , , , , , , | 1 Comment