Tag Archives: Tax

Could a wealth tax fix our broken economy?

Posted on July 3, 2020 by

Britain is broke, for the second time in 12 years our economy has hit the buffers but this time the noises coming out of Government suggest that it is the wealthy who will pay to fix it. This would be … Continue reading →

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A great report on tax injustice from the ABI at prayer.

Posted on June 24, 2020 by

It’s a good and timely report and its analysis of inequality is excellent. But it is only addressing a quarter of the Government’s incentives bill and the solution it models is a lot more painful to the mass-affluent than the report implies Continue reading →

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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 →

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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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