Tag Archives: Tax
Winter fuel payments mean more than inheritance pensions and VAT on school fees.
Much as readers of the FT may feel the pain, the introduction of VAT on school fees like the position of IHT on unspent DC pots is not a Winter Fuel issue for the country. I dare say the readers … Continue reading
How to read the Pension Schemes Bill – start with the Roadmap!
The big, beautiful (pensions) bill has been introduced to the @HouseofCommons this afternoon pic.twitter.com/VFZrPN2kdA — Torsten Bell (@TorstenBell) June 5, 2025 Two documents that will shape private and public pensions for the next decade Yesterday saw two documents published that … Continue reading
“A complete shift in how victims are supported and justice delivered”
📢 On Monday, a pivotal Parliamentary summit will give voice to investment fraud victims, exposing systemic failings – including unjust tax treatment. Experts will call for a complete shift in how victims are supported and justice is delivered#FairTaxForFraudVictims pic.twitter.com/iaZt8CCpO1 — … Continue reading
Frightening people drawing down from SIPPs with tax advice.
I am worried that most people I know have very little knowledge or wish to know about the drawdown of pensions from SIPPs. Most people want a simple means of getting paid a pension without tax overpayments, tax rebates and … Continue reading
Pension Dashboards should not be a severe tax on employers and staff.
I am in a user group of small DB pension schemes , some of whom are looking to stay open, many struggling to meet the costs of staying as pensions and not dragging down their sponsors with costs. I was … Continue reading
ONS – bosses see pensions as “just a perk”, “taxation not covenant”.
The ONS has produced a revealing chart that the FT has improved. It shows that while employers are putting more into auto-enrolled workplace pensions, they are putting less into Defined Benefit pensions for a number of reasons (none of … Continue reading
Is People’s now a “fully agile internal manager” of our savings?
Toby Nangle is a good guy, he comes from the investment community and he’s trying to turn People’s Partnership and other savings organisations into the kind of investment houses that make for happy Chancellors. This report is from Pension Age … Continue reading
Posted in advice gap, auto-enrolment, pensions
Tagged advice, annuity, Business, Business and Economy, Investment, NEST, Pension new, Pensions, Tax
1 Comment
Ten years on and the DB to DC transfer turns sour.
In 2016 I started writing about transferring pensions to wealth management firms including old fashioned personal pensions but mainly self invested personal pensions. There were some smart people arguing that taking a transfer value back then was good news personally … Continue reading
Posted in pensions
Tagged advice, annuity, BSPS, dc pensions, Financial services, LCP, pension, Pensions, Steve Webb, Tax, Transfer
4 Comments
Taxing work is no way to manage pensions
I am of the opinion that the British pension system is unfairly rewarding the wealthy boomer and depriving younger generations of the our financial opportunities. Taxing work through higher national insurance is no way to improve pensions It will; Reduce … Continue reading
Lord Blunkett’s letter on taxing pension contributions
This is what Lord Blunkett wrote and the Times published yesterday Sir, The widespread reporting of a possible extension of employers’ national insurance in next week’s budget is very worrying (news, Oct 23 & 24). It is one thing to … Continue reading