Posts Tagged ‘budget’
That’s LISA with a P!
Leading up to the Budget there were endless articles, commentary and sometimes heated debate over the Chancellor’s intentions with regard to pensions and in particular tax relief. On the day though, there was hardly a mention of the ‘P’ word other than some much needed amendments to badly drafted sections of the last Pensions Act.…
Read MoreSummer Budget 2015: Osborne’s Tax Tinkering
Despite being light on surprises, the first truly Conservative Budget for almost 20 years was far from the right wing statement many expected as Mr Osborne endeavoured to close the door on a low-wage, high-welfare, high tax economy. Although perhaps not as headline-grabbing as the introduction of a ‘National Living Wage’ or the commitment to…
Read MorePensions – ‘You Decide!’
During the recent Budget the Chancellor, George Osborne, announced various wholesale changes to the way that investors may ultimately draw benefits from defined contribution pension arrangements such as personal pensions. For those reaching retirement between now and April 2015, these changes may have thrown any original planning into a state of flux. Whilst additional flexibility…
Read MoreAnd on that (pension) bombshell…
The Chancellor resisted ending the budget speech as above, but it would have been appropriate. The oft quoted reason for not funding a pension is the requirement to purchase an annuity with the proceeds. Â Whilst this has ceased to be an issue due to changes introduced over the last few years, the government has decided…
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