Tag Archives: Tax

£500 “wealth cheques” written by those “just getting by”.


First the facts The Treasury has upped the amount savers will be able to draw from their pensions to pay for financial advice from £500 to £1,500. In August, the Government set out plans for a £500 “pensions advice allowance” … Continue reading

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Where does all our money go?


Two of the big three revenue sources are income tax and national insurance, they’re the ones who hurt the well off. The third biggie -VAT is the one that hurts the poorest. Poor people pay VAT at the same rate as … Continue reading

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Tax-subsidies on retirement advice; a waste of public funds!


The Government intends to extend tax breaks on pensions to allow those with pension pots to use them to pay for advice. The details are in this consultation document. The fundamental premise is that taking financial advice on retirement matters … Continue reading

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An Apple a day, 700 reasons not to stay!


General angst, everywhere but here! There are a lot of people getting very angry about the EU’s determination that Apple should be paying Euro 13bn in tax to the Irish Government. Apple aren’t happy at the prospect of corporate profits … Continue reading

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Pension Transfer Offers – should you take yours?


  I urge you to listen this excellent podcast (skip to 1 minute to avoid the ad). It’s led by Jo Cumbo and has the thoughts of a couple of IFAs (who I don’t know). At 13 minutes long it … Continue reading

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Should we block the triple lock?


  Ros Altmann speaks out (shock!) We now have three former  pension ministers making a lot more noise than our current pension minister. Ros Altmann who we are now realising never should have done the jog Steve Webb who should … Continue reading

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Can an incentive be more effective than compulsion? Guest blog from Ralph Frank


  The Individual Savings Account (“ISA”) seems to be the savings vehicle of choice of the current Chancellor.  There were two types of ISA, cash and stocks & shares, when the Chancellor took office back in 2010.  The maximum subscription … Continue reading

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A “tax on a tax” – VAT on auto-enrolment bills


The Government is encouraging us to think of auto-enrolment for micros as an extension of the success story it has been for larger employers. But things are very different for smaller employers – especially when it comes to tax. Many … Continue reading

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What does the national living wage mean to pensions?


It’s here, it’s being earned and it matters! The National Living Wage (let’s call it NLW to spare space) is going to be paid to those over 25 and means a 50p an hour pay rise and It is expected … Continue reading

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We’re so not in this together


All in it together….unless of course we opt-out of UK taxation and manage our tax affairs through a Panamanian company which we own through bearer shares. Jolly wheezes for the boys For the past few weeks , Britain has been … Continue reading

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