Tag Archives: pension

The £1.85trn debt black hole

The £1.85trn debt black hole

The government is currently sitting on a £1.85trn “hidden debt time bomb”, much of which is due to public pension liabilities, according to free-market think tank the Adam Smith Institute. Out of £1.3trn in liabilities owed by public-sector pension schemes, 93% are currently unfunded – meaning that instead of putting money aside today to cover […]

Pension Pot Restrictions – Not for some!!

Pension Pot Restrictions – Not for some!!

HMRC CEO resigns with £2.2m pension fund!! According to the Taxpayers’ Alliance, less than a fortnight after becoming a Dame Commander of the Order of the Bath, Lin Homer announced on Monday that she will quit as Chief Executive of HM Revenue and Customs in April. HMRC has hardly shrouded itself in glory under her […]

Pension freedom or liberation?

Pension freedom or liberation?

Pension freedom is a GOOD thing. The change in law from 6 April 2015 means that members of defined contribution pension schemes who are aged 55 or more should be able to draw what they want from their pension schemes. But “pension liberation” is a BAD thing. This is when scammers use confidence tricks to […]

Salary, dividend or pension contribution?

Salary, dividend or pension contribution?

When you work for your own company you can decide how much salary to pay yourself, how much to pay into your pension fund, and what proportion of the remaining profits to take as a dividend. The split is important as it will affect the tax and national insurance payable by you and your company. […]