Tag Archives: Taxation

Putting members first. A proposal for the taxation of pension surpluses

Posted on March 24, 2024 by henry tapper

My good friend “Pension Oldie” picked up on my blog yesterday about the pension surpluses currently being enjoyed by the trustees but not the sponsors or members of the BP and Shell pension schemes – and many more (mine included). … Continue reading →

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Claire’s pension tax headaches aren’t over!

Posted on April 6, 2023 by henry tapper

I’ve been asked to write a case study on the issues people have as they approach retirement with well funded pensions and pension pots and plans put in place to combat the impact of the Lifetime Allowance (LTA). This is … Continue reading →

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Nice perk if you can get it! Pension Exclusion in the UK.

Posted on November 10, 2017 by henry tapper

When Guy Opperman became Pensions Minister , he close to have the words ” financial inclusion” inserted into his title, now is the time for him to prove his title’s worth. According to Government statistics, there are 675,000 of us … Continue reading →

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Cridland and the price of state dependency

Posted on March 23, 2017 by henry tapper

  John Cridland’s consultation report into the state pension age, commissioned by Ros Altmann and delivered today, does not say quite what the modernisers wanted it to. Accelerated pension ages and the scrapping of the triple lock deliver a double … Continue reading →

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Is pressure building on financial services?

Posted on January 31, 2017 by henry tapper

One test of populism will be the extent to which “populist” Governments take on the cost of saving and investing. We are used to “bank bashing”, they were the justifiable targets of public wrath for the savings and loans crisis, … Continue reading →

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The golden key (to pension taxation)

Posted on February 13, 2016 by henry tapper

The golden key to pension taxation unlocks pensions for the silent majority of people in this country who have no interest in “pensions”. The golden key unlocks money currently spent incentivising the wealthy to preserve wealth and allows those who need … Continue reading →

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“The re-nationalisation of pensions”

Posted on February 12, 2016 by henry tapper

Who pays? – Scheme Pays! Buried deep in the technical pages of HMRC’s pension regulations is reference to a breezy topic “Scheme Pays“. “Scheme Pays” allows an occupational pension scheme to pay a member’s tax bill where the member has … Continue reading →

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Pensions are dead – long live pensions!

Posted on December 2, 2015 by henry tapper

The OECD have spoken – British workers will have worse pensions than folk from any other OECD country; this from Patrick Collinson in  the Guardian. Workers in the UK will have the worst pensions of any major economy and the … Continue reading →

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When will these taxation nightmares end?

Posted on November 1, 2015 by henry tapper

The ludicrous complexity around the 2016/17 rules for the pension annual allowance, are only part of the story! Add to them , the extraordinary complexity surrounding the use of Pension Input Periods and you have manna from heaven for pension tax … Continue reading →

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Treasury- stop messing with pensions

Posted on October 16, 2010 by henry tapper

If they behave like that with the rich, they can play like that with the poor and with “me” and I’m neither rich nor poor. It’s a matter of credibility – of integrity and of trust Continue reading →

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