Tag Archives: Tax

Have the Treasury got a pension plan – or just a jerky knee?

Posted on February 21, 2020 by

You might not like the thought of paying tax on your pension contributions, but it’s coming   They’ve done it once and they could do it again. The Treasury could change pension saving as radically as they changed pension spending. … Continue reading →

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

Our right to dream of a fairer deal for older people.

Posted on February 16, 2020 by

It’s been another brutal week in politics. I’m glad that the pensions team in place at the start of it – remain in place at the end of it.  I’m pleased  that Guy Opperman remains our pensions minister. As my … Continue reading →

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“State of the Pension” address

Posted on February 6, 2020 by

After doing a 30 minute address to to CIPP in 10 minutes, I’ve been called back to do another one – only this time I’m first on – which means I could gab on for ages and make sure no … Continue reading →

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Pension incentives – a foundation for change.

Posted on February 4, 2020 by

Looking for some help on this one. I appreciate it could be both but if it’s a binary choice, which one do you go for? Thanks Is pension tax relief meant to be… — Tom McPhail (@PensionsMonkey) February 3, 2020 … Continue reading →

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More argy-bargy in pension’s tax-trenches

Posted on January 31, 2020 by

  Blessed are the peacemakers, until they wade into a debate on tax-relief. The saintly Darren Philp , maybe picking up from comments from ex DWP govt actuary Andy Young, tried to change the debate. To summarise his argument, he … Continue reading →

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

Three little pots went to market

Posted on January 20, 2020 by

The point of this blog is to show 1. One way of avoiding the damaging impact of the MPAA on future saving 2. The depth of knowledge needed to make good at retirement decisions (especially where there is no adviser … Continue reading →

Posted in advice gap, age wage, Big Government, pensions | Tagged , , , , , , , , | 3 Comments

Dip into your pension at 55 and you could be “pension non grata”.

Posted on January 19, 2020 by

Most people know they can draw the money in their pension pot from 55, and because they can – they do. Very few sustainable drawdown plans are established by people in their fifties and very few annuities. 55% of annuities … Continue reading →

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

Why a new pensions commission would fail

Posted on January 18, 2020 by

There’s a call from our current pensions minister to set up another pension commission like we had fifteen years ago.  That commission was a success as it resulted in progressive policies like auto-enrolment and made us sit up and think … Continue reading →

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Right in principle – wrong in practice. Ros Altmann’s tax reforms need more work

Posted on January 7, 2020 by

  Ros Altmann is bang on the money when proposing we link healthcare and pensions in her most recent blog The big picture policy issue for the UK is how to afford a healthcare system that is free at the … Continue reading →

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

An inflation-busting “pay-rise” for low earners – but “who pays?”

Posted on December 31, 2019 by

The Government’s announced that for pay periods starting  on or after 1st April 2020 the National Living Wage (NLW) will increase by 6.2% – four times the rate of inflation. The NLW (for over 25 year olds) will increase  from … Continue reading →

Posted in accountants, age wage, pensions | Tagged , , , , , , | 5 Comments