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Brown rules out PMI tax cuts

Chancellor Gordon Brown has ruled out using tax breaks to incentivise people to take out private medical insurance.

Speaking to the BBC&#39s Today Programme this morning, Brown reaffirmed the Government&#39s position towards the role of the private sector in improving the provision of healthcare.

He said raising taxes to further fund the NHS was the answer not giving tax breaks to the rich.


Crisis management

At N2 on December 1 last year the FSA acquired its full powers as the sole regulator of the UK&#39s financial services industry – it is now a regulator with teeth.The FSA&#39s Enforcement Division is located at its Canary Wharf office and is staffed with lawyers, accountants and ex-policemen. They conduct forensic investigations into suspected […]

Put one&#39s ex-spouse in order

I am contemplating getting divorced from my husband and have heard a lot of talk about the sharing of his pension entitlement. What options are there for dealing with pension benefits on divorce? There are now three distinct ways of dealing with a former spouse&#39s pension benefits.OffsettingUnder this approach, the exspouse without the pension benefits […]

Inside edge

The Government has two separate reviews aimed at simplifying pensions- the Pickering review and the Sandler review.These are both set to make recommendations later this year but for those of us judging the results of their work it is difficult to know which benchmarks we can look to if we are to comment on simplification.Pensions […]

Contracting-out choice shifts from pivotal age

Product providers are moving away from using pivotal ages for contracting-out decisions, believing all policyholders should review their position in light of the new second state pension and lower investment returns.Axa says men aged 56 and women aged 49 should be contracted in but believes people should hold off from making a decision as the […]

Time to stop the salami slicing on tax relief

Steve Webb  – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]


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