Investment Life & Pensions Moneyfacts: Lifetime Savings Product – A crystal clear concept

July 15, 2015 Leave your thoughts Lifetime savings product - a crystal clear strategy

This article was originally commissioned and published in June 2015 for Investment Life & Pensions Moneyfacts publication. Tom Murray argues that merging ISAs and DC pensions to create a lifetime savings product would transform the savings landscape and bring some much needed clarity. Lifetime Savings Product – A crystal clear […]

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Taxpayer being steamrollered by pension electoral tactics

October 7, 2014 Leave your thoughts

Why have the government decided to distort the tax system by making pensions capable of being used as a device to avoid inheritance tax? The casual approach of the Treasury to pension strategy, with sudden announcements of ill-considered changes, shows a lack of coherent thinking behind the changes in the pension system. This has led to a lot of post-facto explanation and justification to try to cover up the lack of thought prior to the announcement.

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Latest pension changes undermine the case for pension tax relief

September 29, 2014 Leave your thoughts

The Conservative Party has been heartened to hear that the Chancellor is responding to the attacks from UKIP with a straightforward appeal to the grey vote. He will announce to the party conference today that he is changing the tax rules that apply to income drawdown pots post the death of the pensioner; the so-called death tax that applies to the family who cash in the pension fund. From now on, this will only be taxed at the marginal rate, if the pensioner is over 75 when he dies and will not be taxed at all if the pensioner dies before that age.

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