Tag Archives: Tax

The horror of letting the taxman take your unspent pension pot!

I have swum in a pool where mournful pensioners refill the water level with their tears. Bless Steve Hunt and all the others in that swimming pool. Open the article for page after page of indignation at the treasury’s designs … Continue reading

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

2.4m People flexibly accessed Pension Income before Age 65. The Treasury is the Big Winner

This may or nay not be true but whether this was chicanery by the Exchequer of not, there is a lot of money that will not be paid as pension that was incentivised to be so. I’m agreeing with James … Continue reading

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

Being all things to everyone’s annoying – Aon should not annoy DWP/HMT

This was a week when Aon brought employers “all things to all private sector employers” All private companies run workplace pension schemes so Aon run a product for every pension saver. The net accessible market for Aon is every employer … Continue reading

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

Tom Selby’s sensible advice to the new Chancellor over tax-free cash

We are twelve years on from the announcement we could spend our pensions as we liked. We thought that people cashing in their pensions was something that might happen in the early years and that over time encashment with its … Continue reading

Posted in pensions | Tagged , , | 1 Comment

Where is the money to pay for this? In our pensions – that’s where!

Every time we get a proper Labour Government, we have to ask that question and most times what I’ve heard back is “tax”. I have no wish to pay more tax. I want relief from tax and for the money … Continue reading

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

Taxed out of UK Equities since 1997?

  I think this conversation is important. Companies pay tax on their profits and they then pay dividends out of their taxed profits. That means the dividend was calculated after tax. Advance corporation tax gave you credit for the tax … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

The greatest pension issue is “adequacy” not “legacy”.

This is an interesting viewpoint. Tomorrow I’ll be speaking to a group of people for whom pensions has nothing to do with inheritance tax and everything to do with replacement rates or as my colleague Terry Pullinger calls a pension … Continue reading

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

IHT issues for the dying, their pension administrators and personal representatives

While this blog has been in favour of the Treasury discouraging using pension pots to mitigate Inheritance Tax , it is worried by the latest note coming out of the Treasury’s HMRC. The HMRC has published further detail on good … Continue reading

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

“Pension wealth” is subject to “EET” – exempt, exempt – but taxed when spent!

Jo Cumbo in an excellent article charts the complexity to the rich of having money as “pension wealth”. The furore over IHT over pension “wealth” is a  belief that for the rich, pensions were “EEE”,  not “EET” as they are … Continue reading

Posted in pensions | Tagged , , , , , | 9 Comments

John Mather’s explanation of how the wealthy have moved away from pensions

The crazy world of freedom from pensions evolved as John Mather describes. I agree with this as a factual explanation of how we got to where we are now.  – ed (Henry Tapper) John Mather’s explanation of how we’ve moved … Continue reading

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