Latest articles from Amy Austin

Third of judges breach annual allowance as numbers affected triple

News on the go

On the go: More than 1,000 judges breached their annual allowance in the 2020-21 tax year and are now facing significant tax bills.

Pensions tax relief ‘cost’ hits £42bn

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On the go: The ‘cost’ of pensions tax relief increased by £4.4bn to £41.3bn between 2017-18 and 2019-20, data from HM Revenue & Customs has shown.

British Steel payouts reach £21.5m

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On the go: The Financial Services Compensation Scheme has paid out £21.5m to members of the British Steel Pension Scheme who were wrongly advised to transfer their defined benefit pensions, after payment figures have doubled in the past few months. 

Triple lock suspension unpopular but fair, says industry

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On the go: By suspending the wages element of the pensions triple lock the government has remained fair to both pensioners and taxpayers, although the former is likely to be disappointed, industry experts have said.

State pension: Triple lock earnings link suspended for 1 year

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On the go: The government has suspended the wages element of the pensions triple lock to avoid a disproportionate rise in the state pension following the pandemic.

PM announces 1.25% levy and dividend tax rise to fix social care

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On the go: Prime minister Boris Johnson has set out the government’s long-awaited plans for social care reform, announcing a 1.25 per cent ‘health and social care levy’ and a rise in dividend tax as central elements to cover the costs.

FCA to review DB transfer redress guidance

News on the go

On the go: The Financial Conduct Authority is preparing to review its redress guidance for unsuitable pension transfer advice by the end of the year and has clarified what it expects of financial advice companies in the meantime.

DB transfer requests return to pre-pandemic levels

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On the go: Cash equivalent transfer value requests are starting to return to pre-pandemic levels following a 50 per cent increase in quotations, research has found.

Introducer fined after making thousands of cold calls

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On the go: A Halifax-based company has been fined £50,000 by the Information Commissioner’s Office after making 97,000 marketing calls to people offering to review their pensions.

State pension ‘too low’ to scrap earnings link

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On the go: With the state pension still below the 1979 level relative to earnings, it would be unwise for the chancellor to drop the triple lock earnings link, Baroness Ros Altmann has warned.