Tag Archives: Tax

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 , , , , , | 3 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

HMRC – pay up on your pension promises!

Posted on December 21, 2019 by

I’m a member of the Net Pay Action Group and I’m going to hold this Government to the promise it made in the Conservative Party Manifesto. We have a “pre-cooked” way to stop 1.7m low earners being diddled out of … Continue reading →

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

What “fair pensions” might mean in the next five years.

Posted on December 15, 2019 by

  Jim Coney writing in the Times , explains his thinking on pensions tax-relief. He is right to point to the likelihood of major reform of the current system within the next 5 years. If the Conservatives are going to … Continue reading →

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

Jo’s pension manifesto

Posted on November 7, 2019 by

Sometimes someone comes out with a simple statement that makes sense of all the noise. Jo Cumbo launched her pension manifesto in the pages of Pensions Expert this week and I don’t want them to be lost to readers of … Continue reading →

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

Pension tax transparency a long way off

Posted on October 27, 2019 by

    The malaise  with pension taxation goes much deeper than the immediate symptoms, the complexity of the Annual and Lifetime allowances, the obscurity of the money purchase annual allowance and the perversity of the running both net pay and … Continue reading →

Posted in pensions, steve webb, Treasury | Tagged , , , , , , | 2 Comments

Time to tackle pensions tax

Posted on July 12, 2019 by

Pension taxation isn’t working. It is benefiting those who find it easy to save and not incentivising those who don’t. It is causing doctors to work below their peak capacity and demanding up to 25% more in contributions from our … Continue reading →

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