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Billy Burrows: The invisible force

According to a business associate of mine (and someone considering his own retirement options) “the sands have shifted since the pensions freedoms were announced”. Now they are here, he believes most rational people will work out the cash option is not that attractive considering the tax implications and the problem of where to reinvest it. […]

Ukip economics spokesman Patrick O’Flynn resigns

Ukip economics spokesman Patrick O’Flynn has stepped down after admitting he should not have attacked Nigel Farage in the aftermath of the election. Farage quit as Ukip leader directly after the election, only to return three days later, bringing criticism from within his own party. At the time O’Flynn described Farage as “snarling, thin-skinned and aggressive”. […]

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Tories pledge 5-year ‘tax lock’

The Conservatives will introduce a five-year “tax lock” on income tax, VAT and national insurance if they win the general election. Prime minister David Cameron is to pledge legislation within 100 days of assuming office to ensure the taxes do not rise in the next Parliament, the BBC reports. Cameron will say: “This is the clearest choice […]

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Pension over-taxing

800,000 people are at risk of being over-taxed on their pensions, writes Steve Webb, director of policy at Royal London Hundreds of thousands of people receiving company and personal pensions should check their tax code to make sure that they are not being over-taxed, according to a leading pensions firm. Mutual insurer Royal London has […]

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