Tag Archives: Treasury
Running Pension Policy – Snapchat Style!
There are leaks and there are leaks, but this feels like the Treasury pulling the plug out with the bath full and ready! Take a look at the timeline of the Times’ story (12.01am); this is no idle tittle-tattle from the … Continue reading
The BBC-all at sea-on workplace pensions
As you must be interested in pensions, it’s worth taking a couple of minutes this morning to listen to minutes 8-15 of Radio 4’s World tonight (downloadable as a podcast). It’s a well researched and well produced article with a … Continue reading
5 reasons why pension tax-relief should go!
As a nation we cannot afford it (as part of a balanced welfare system) We are over-incentivising private pensions (compared with similar countries) Tax-relief is bloating the wealthy not helping the poor The influx of 11m+ new savers into AE (especially … Continue reading
The golden key (to pension taxation)
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
No way to run a private pension system
How can the lifetime allowance possibly be part of a sustainable system of pension taxation? Good news for those unprotected pension savers who have more than £1m in your pension pots- you probably won’t be paying 55% exit penalties – … Continue reading
“A bit of a balls up- to be frank!”
If you turn left out of the back of the Treasury and walk down to Caxton Street you’ll find the offices of the DWP. If you turn right out of Caxton Street, you’ll come to the Treasury, it’s a five minute … Continue reading
What is salary sacrifice and why’s it under threat?
If you read Jo Cumbo’s piece on possible changes to pensions tax relief in the FT yesterday, you’ll have seen references to the abolition of pension salary sacrifice. Pension Salary Sacrifice is quite legal and both the DWP and HMRC … Continue reading
The FCA report on the use of Pension Freedoms – sad but not shocking.
The data that the FCA supplied last week about the choices people are taking with their retirement savings isn’t surprising – but it’s still shocking! Nearly nine in ten savers accessing their retirement pots under the pension freedoms are using … Continue reading
Austerity, WASPI and the middle way.
This morning George Osbourne has taken the opportunity to remind us that any enthusiasm we might have generated from his upbeat autumn statement should be tempered by the prospect of austerity to come. Osborne points to China , to political … Continue reading
Why now’s the time to get behind our Pensions Minister
Good pension ministers, like good football managers are hard to find and harder to keep. They are hard to find as it is a job few that are up to it would want. They are hard to keep because … Continue reading