View more on these topics

Budget 12: Osborne steers clear of pension tax reforms

Chancellor George Osborne has steered clear of reforms to pension tax relief.

Giving his Budget speech today, Osborne (pictured) announced plans introduce a limit on all uncapped income tax reliefs.

However, this will not be extended to pension contributions.

Osborne said: “I don’t intend to make any significant changes to pensions relief in this Budget.”

Pre-Budget reports had suggested the Chancellor was considering cutting the annual allowance for tax privileged pension saving from £50,000.


Paraplan and asset allocation modelling services added by Defaqto

Defaqto is launching an asset allocation modelling system and a paraplanning service over the next two months. The asset allocation model will use dynamic modelling rather than stochastic modelling. Advisers will be able to choose a standardised or bes-poke asset allocation service and extend this to include a fund selection service. Defaqto says it has […]


Pension firms accuse Nest of stepping outside remit

Two major pension providers have accused Nest of stepping outside its official remit to compete for business from big employers. Nest was established as part of the Government’s automatic enrolment reforms because private providers were unable to profitably service small employers. It is the only scheme which has a public service obligation to accept any […]


Stamp duty avoiders have ‘had their warning’, says Osborne

Chancellor George Osborne has confirmed he will close a stamp duty loophole in Wednesday’s Budget, promising heavy fines for non-compliance. Speaking on The Andrew Show, Osborne said the Government will “come down like a ton of bricks” on the practice. The Treasury will ensure any property that is lived in, either by the owner or […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm