Autumn Statement – pensionsandsavings.com

Autumn Statement has a bit of good news for savers

November 23, 2016 Ros Altmann Comments 0 Comment

23 November 2016 Autumn Statement is missed opportunity to address social care crisis State Pension triple lock seems under threat Chancellor confirms intention to ban pension cold calling The Chancellor’s Autumn Statement had no real surprises for pensions or savers. There are some tweaks to pension rules, but the biggest disappointment for me is that there is no acknowledgement of the social care crisis. The Chancellor started by saying the aim of his budget is to prepare and support the…

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My comments on the Autumn statement

December 3, 2014 Ros Altmann Comments 2 comments

3 December 2014 So what has happened in the Autumn statement? Summary No change to pensions tax relief but extra tax breaks for joint life annuities Levelling the playing field between annuities and drawdown inherited benefits New tax breaks for ISAs – will be inherited tax free between spouses Tax breaks for carers and careworkers Bigger rise in Pension Credit More generous means-testing calculation for pensioners with pension funds Promise of a pilot back-to-work scheme for older people on benefits…

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Autumn Statement – my expectations and my wishlist

December 1, 2014 Ros Altmann Comments 0 Comment

1 December 2014 What will the Autumn Statement announce on pensions, savings and over 50s? The Chancellor’s surprise Budget reforms last March offered fantastic news for savers. The radical reforms to pensions and more generous rules for ISAs proved so popular, this Autumn Statement can’t possibly provide as much excitement. Nevertheless, more announcements that will impact pensions and the lives of over 50s are expected and I also have a ‘wishlist’ of further reforms that may or may not happen….

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Autumn Statement – implications for pensions and savings

December 5, 2013 Ros Altmann Comments 2 comments

5 December 2013 Summary of Autumn Statement measures relating to pensions and savings People will be allowed to buy extra state pension: People will be allowed to buy extra state pension with introduction of Class 3A National Insurance. There are no details yet, but the plan is that those who reach state pension age before the new flat-rate state pension is introduced in April 2016. Existing pensioners as well as those reaching state pension age soon, will be able to…

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