All Tax articles – Page 13
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News
Second finance bill provides clarity, but concerns remain
The government’s second finance bill has provided clarity on a number of pensions issues, including a reduction of the money purchase annual allowance, but experts are concerned that some people are still likely to suffer adverse consequences.
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News
Government must clarify minimum pension age plans, say experts
HM Treasury has been urged to clarify its plans for increasing the age at which savers can access pension freedoms, after it accelerated the rate at which the state pension age will increase in July.
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News
More people accessing freedoms, but industry image concerns remain
The number of people taking advantage of pension freedoms increased in the second quarter of this year, but while this signals an increased awareness of freedom and choice, experts say there is still a need to improve trust in the industry.
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NewsGauke calls for government and industry collaboration
In his first speech as Secretary of State for Work and Pensions, David Gauke called for consensus and collaboration to ensure a positive future for pensions, but admitted that it will take time to address some of the more challenging policy issues, from pensions tax relief to extending auto-enrolment to the self-employed.
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OpinionOver-75s should benefit from tax relief
From the blog: Life expectancy is on the increase and with it people’s appetite for working longer. The range of flexible decumulation options is also growing.
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OpinionSchemes need certainty on VAT
The VAT rules in relation to pension scheme costs are subject to change at the end of this year. However, it is still not clear what the extent of the changes will be and, importantly, what organisations should do in response.
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Opinion
Lord Stoneham: Flat rate tax relief will help 'people in the middle'
For the latest instalment of our 2017 general election interview series, Lord Stoneham, the Liberal Democrat chief whip in the House of Lords, explains his party's commitment to reviewing pensions taxation, and the need for consolidation of schemes and of pots.
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Opinion
Blackford: Pension commission could restore consumer trust
In the second instalment of our 2017 election pensions spokespeople series, we hear from Ian Blackford, who is standing for re-election as the Scottish National Party representative for Skye, Ross and Lochaber.
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News
Annuity purchasers regret decision as confusion 'remains rife'
Despite widespread confusion, most defined contribution savers are happy with the retirement choices they have made in light of the introduction of freedom and choice, with the exception of those who have purchased an annuity, a survey has found.
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NewsElection news sparks industry speculation
Prime Minister Theresa May’s announcement of a snap general election on June 8 this year has left pension commentators divided over the effect this might have on pensions policy.
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News
Freedom and choice: Engagement improved but confusion remains
Two years have passed since the government introduced the pension freedoms, and although the flexibilities have improved engagement to some extent, the increased complexity has also led to confusion.
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OpinionA straitjacket for overseas transfers
From the blog: Gone are the days of UK scheme members moving to sunnier climes and transferring pension benefits to wherever in the world best suited.
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News
NICs U-turn puts pension tax back on the table
Chancellor Philip Hammond has cancelled plans to increase class 4 national insurance contributions for the self-employed, creating a £2bn shortfall in the nation’s accounts between 2018 and 2022, which many fear will be plugged by changes to pension tax relief.
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OpinionWhat the Spring Budget had in store for pensions
One of the best things about the Spring 2017 Budget was the lack of major announcements about pensions.
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NewsIndustry accuses Treasury of lack of data to justify £4k MPAA
HM Treasury’s consultation on reducing the money purchase annual allowance will close on Wednesday, drawing fierce criticism that the policy lacks data to back up its introduction and could unfairly hurt savers.
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News
Discrimination, indexation and tax relief's survival: Top law and regulation stories from 2016
Year in review: As if Brexit didn’t pose enough challenges, regulators, lawyers and two successive pensions ministers have had a lot on their plate in 2016.
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Opinion
Key takeaways from the finance bill 2017
Eversheds’ Tom Meyrick takes a closer look at the finance bill and what it means for pensions.
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OpinionAutumn Statement: Last but not least
Editorial: Chancellor Philip Hammond has tried his best to deliver an Autumn Statement the pensions industry would for once be pleased with.
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NewsChancellor proposes ban on cold calling, refrains from pensions tax overhaul
In his first and last Autumn Statement, Chancellor Philip Hammond swapped the timing of the Budget and the Statement but had comparatively little to say about pensions for now; one of the larger measures – a consultation into pensions fraud – was welcomed by the industry.
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FeaturesWhat the industry wants to see in the Autumn Statement
Autumn Statements became mini Budget announcements under the previous chancellor. Looking to the new regime, what advice does the industry have for Philip Hammond before he announces his first set of plans on November 23?