When no news is good news

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TUE, 28 NOV 2017

The zeal of the Osborne era to push for an ISA-centric world at the cost of pensions seems to have some what ground to a halt under Chancellor Phillip Hammond. In last week’s Autumn Budget there was no hint of an introduction to the Workplace ISA and no changes to tax relief on pension contributions. …

Fishing the tax pond

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MON, 20 NOV 2017

We know that the Chancellor is still looking to make substantial savings. However, with increasing pressure mounting to remove pay restrictions on public sector and NHS workers he will have no option but to find additional income from somewhere. For the impending Autumn Budget, I can only suspect that the Chancellor will be fishing around …

Déjà vu

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TUE, 10 OCT 2017

Conference season has kicked off with a bang. In three weeks alone I have had the privilege to speak at the Paraplanner Powwow, the James Hay Retirement Symposium and the Henry Stewart Conference, with a pretty full diary through until the end of November. I have to say I tend to get a bit stressed …

A Budget, to be or not to be, that is the question.

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TUE, 11 JUL 2017

I am wondering if I am having writers block or is it simply from a trust and tax perspective there is nothing new to talk about at the moment. I had hoped the Queen’s Speech at the State Opening of Parliament might have revealed something of interest. However, in addition to the lack of the …

Staving off a pension cataclysmic landslide

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THU, 08 JUN 2017

It was surprising how little consideration was given in any of the main political parties’ manifestos on saving for retirement. The Lib Dems raised the issue of a flat rate of tax relief on pension contributions. Labour wants to keep the status quo on the triple lock on state pensions and review the state pension …

Pensions Tweet Chat – Q&As

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THU, 25 MAY 2017

Here are the questions and answers from our live pensions tweet chat hosted by John Dunn, Technical Manager at James Hay, on 25th May at 10am – 11am: Q: Got any advice on how pension tax relief works for Scottish employees of English companies? A (John): The changes to the bands will be reflected by …

The great Brexit budget dump

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THU, 18 MAY 2017

I have tried to keep away from any discussions on Brexit and its impact. Though there is no denying its importance, or that we are heading into the unknown and have already seen some unexpected outcomes, with so little to go on other than pure conjecture I would rather wait until we have actual facts. …

NIClear fallout

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MON, 10 APR 2017

I rarely feel sorry for politicians but I do for Philip Hammond. The Chancellor of the Exchequer is far from an easy role and always open to criticism which is regarded as part of the job. The political fallout however over his U-turn on increasing Class 4 NICs is completely disproportionate. You would think from …

Stand-out Q – lump sum protection…

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FRI, 07 APR 2017

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …

Stand-out Q – widower with dependant’s drawdown…

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FRI, 07 APR 2017

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …