Despite all the pensions-related fear and speculation that swirled around in the media during the weeks leading up to the Budget on 30 October, it was more of a case of ‘what didn’t happen to pensions’, rather than what did.
The first Labour Budget for 15 years takes place on 30 October.
When the Labour Party launched its pre-Election Manifesto in June, the main pensions-related commitment promised, “…a review of the pensions landscape.”
I remember seeing the excellent National Theatre production of “One Man, Two Guvnors” in 2014, which was based on the comedy “The Servant of Two Masters”, written by the Italian playwright, Carlo Goldoni, in 1746.
Pensions expert James Jones-Tinsley reviews the election result and its impact on the pensions landscape...
“You’ve overpaid income tax on your pension? Well, at least you’ve not underpaid!”
We’re now in the new tax year and the Lifetime Allowance has officially been abolished – well, for now at least.
I’ve just received a very optimistic-sounding email from HMRC entitled, "A happy new tax year starts here.”
In the immortal words of the legendary French singer Maurice Chevalier, “Ah yes, I remember it well.” In this case, the rather incorrect prediction of the death of annuities.
The government must get its pension priorities right, as the lifetime allowance (LTGA) abolition draws nearer, writes James Jones-Tinsley of Barnett Waddingham.