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Comment and Blogs

I have to say I like a good jigsaw puzzle but there is nothing more frustrating when pieces are missing. George Osborne's announcement on the 29 September on changes to defined contributions death benefits turned out to be just like that.

I spend a lot of my working life in planes, trains and automobiles and what appears to be even more time in airport security queues, waiting at overcrowded boarding gates and platforms and stuck in endless traffic jams. 

I have spent a lot of time over the last few months speaking to financial advisers about the opportunities and risks created by the new freedom and choice in pensions due to come into effect from 6 April.

Albert Einstein once said that "the hardest thing to understand in the world is income tax".

The recent Budget announcement by the Chancellor that he would reduce the Grand Old Duke of Pensions - the lifetime allowance (LTA) - to £1m from 6 April 2016 will mark the eighth change in the LTA since its introduction in 2006 and this excludes personalised LTA afforded by certain forms of protection.

The Office of Budget Responsibility (OBR) has recently issued its annual Fiscal Sustainability Report. This report looks at how government spending and revenues may evolve over the next 50 years and how this will impact on public sector net debt.

  1. Andrew Roberts' Blog: New rule may be unachievable in practice
  2. Andrew Roberts' Blog: Death Taxes and the drawdown dilemma
  3. MacGillivray blog: Fear that ruling will set precedent
  4. Morrison Blog: Doubtful if new Capital Adequacy rules are progress

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