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....3% in 2016. Worries over pension income and a motivation to stay active have pushed up working ages. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 12:06:12 AM
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...."My biggest worry about economic policy in the next few years is that all the politicians seem obsessed with Brexit. "And actually, the biggest problems we face now are not Brexit, it's about how we can reduce the trade deficit, how we're going to save enough as a nation to pay for our pensions. ... [Read full article on BBC ]
Monday 20th of March 2017 09:34:16 PM
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Friday 17th of March 2017 08:21:35 PM
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. Two separate reports for the government have raised the possibility that millions of people may have to work longer to qualify for a state pension. ... [Read full article on BBC ]
Thursday 23rd of March 2017 12:05:44 AM
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....Such charges are to be scrutinised by the Downing Street-commissioned review into modern employment practices led by Matthew Taylor. Frank Field, the chair of the Commons work and pensions select committee, said he would press Taylor “to look closely at this rip-off practice which again shows how the odds are stacked against the low paid in Britain’s gig economy”. ... [Read full article on Guardian ]
Sunday 19th of March 2017 03:48:49 PM
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....One specialist developer of student accommodation laid on a golf day at a course just outside the resort town in the south of France to entertain wealthy prospective backers. While more traditional property assets have been hit by tax rises, more regulation and uncertainty surrounding Brexit, big investors including multinational investment banks and overseas pension funds have identified student housing as a goldmine that can generate big and predictable profits. ... [Read full article on Guardian ]
Thursday 16th of March 2017 03:40:59 PM
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.... . Unite Scottish secretary Pat Rafferty said: "Our members at BP will have major concerns about the possibility of becoming employees of Ineos, a company with a clear history of attacking our members' pensions, as well as their terms and conditions, in order to maximise profit. ... [Read full article on BBC ]
Friday 17th of March 2017 11:56:25 AM
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.... He also said the government would produce a discussion paper later this year that looks into how to fund social care in the future. The new research from the mutual insurer Royal London, whose director of policy is the former pensions minister Steve Webb, found that variations in house prices around the UK mean the cost of a typical residential care home stay could range from 18% to 56% of the value of the average house. ... [Read full article on Guardian ]
Monday 20th of March 2017 07:01:30 AM
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.... Household incomes have risen, income inequality is lower than in 2010, and the number of children in workless households has fallen. The work and pensions secretary, Damian Green, said: “I’m committed to tackling disadvantage and these figures confirm that work is the best route out of poverty. ... [Read full article on Guardian ]
Thursday 16th of March 2017 02:45:20 PM
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. The number of women working past the age of 70 has doubled in the past four years, according to official figures that also reveal one in seven men are continuing in the workforce into old age, amid growing concerns over the bleak outlook for pensions. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 01:05:53 PM
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....Particularly at risk is the Scottish financial services industry, which does most of its business south of the border. Standard Life, which is about to merge with rival Aberdeen Asset Management to create an investment behemoth, said during the last referendum that it would probably move south, if only to continue as a dominant player in the UK pensions market. ... [Read full article on Guardian ]
Saturday 18th of March 2017 03:59:43 PM
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. Millions of people in their late 30s and early 40s look set to have to work for an extra year after an official review recommended pushing up the state pension age (SPA) more quickly than previously planned. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 06:11:18 AM
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....4% in 2015-16 after adjusting for inflation, new data from the Department for Work and Pensions (DWP) shows. Working-age household incomes have been stagnant since 2007-08 compared with a 10% rise for pensioners. ... [Read full article on BBC ]
Thursday 16th of March 2017 11:20:14 AM
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....The chief executive of Citizens Advice, Gillian Guy, said: “The prime minister is right that the energy market is not working for everyone. Over 2 million low-income families and pensioners in Britain are paying £141 more each year because they remain on their supplier’s standard variable tariffs. ... [Read full article on Guardian ]
Friday 17th of March 2017 04:53:15 PM
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.... A combination of a rebound in oil prices and the fall in the pound since the EU referendum has resulted in a steady increase in inflation since the middle of last year, and there are more price rises in the pipeline. Competition between retailers will help keep inflation in check but the double whammy from energy prices and sterling could hardly have come at a worse time, since businesses are already having to cope with a higher minimum wage, pension auto-enrolment and the apprenticeship levy. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 04:10:01 PM
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....Andrew Boxer is the latest to take on the battle to be classified as a “worker” rather than an independent contractor. As a contractor for Excel, a courier company that was taken over by rival firm CitySprint last October, Boxer is not entitled to the national minimum wage, holiday pay, sickness benefit or a pension. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:47:08 PM
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....Before the collapse of BHS, Green, who is worth an estimated £3bn, was a gossip column favourite thanks to a glamorous social circle of supermodels and A-list Hollywood actors. But his 65th was a little light on stardust – possibly following the wrangling over the size of his cheque required to make good the shortfall in the BHS pension fund that had fuelled months of critical headlines. ... [Read full article on Guardian ]
Thursday 16th of March 2017 08:27:49 PM
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. Parents or grandparents who invest in a pension on behalf of their little ones could build a retirement pot worth almost £300,000 with a relatively small monthly contribution. ... [Read full article on Daily Express ]
Tuesday 21st of March 2017 10:01:00 PM
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. Jane Clark, a self-employed maths tutor who earns around £2,500 a year, faces a 400% increase in her national insurance contributions (NICs) if she wants to retain her right to a state pension. ... [Read full article on Guardian ]
Saturday 18th of March 2017 07:00:32 AM
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. Sir Philip Green is in line for a £15m refund from his £363m deal to rescue the BHS pensions scheme, Labour MP Frank Field has claimed. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:30:06 AM
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....        Money Purchase Annual Allowance set to fall. Mr Cox said: “If you have accessed a pension fund flexibly such as taking an Uncrystallised Funds Pension Lump Sum (UFPLS) or a taxable payment from a Flexi-Access Drawdown arrangement, the amount you can pay into money purchase pension arrangements is being reduced from £10,000 to £4,000. ... [Read full article on Daily Express ]
Tuesday 21st of March 2017 01:47:00 PM
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.... But for the low-paid, that flexibility can quickly tip into insecurity and exploitation. Millions who are self-employed, or working on agency or zero-hours contracts, do not enjoy sickness pay, parental leave, protection against unfair dismissal and pension entitlements. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:05:01 AM
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....For two-thirds of the FTSE 100, 2017 marks the third anniversary of a binding shareholder vote on what the UK’s largest companies pay their top team. This binding vote is a very powerful tool which gives investors – those firms who ultimately look after your and my pension or savings – the power to hold companies to account on what they pay their senior executives. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:59:54 PM
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....Only 33 out of 979 ISA funds have failed to deliver any growth, according to Moneyfacts. Richard Eagling, head of pensions and Investments at Moneyfacts, said: “The dominance of cash ISAs over stocks and shares ISAs in terms of popularity means that many individuals will not have benefitted. ... [Read full article on Daily Express ]
Wednesday 22nd of March 2017 02:57:00 PM
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Latest Finance News related to Pension

State pension age must rise again, says report image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:11:18 AM
. Millions of people in their late 30s and early 40s look set to have to work for an extra year after an official review recommended pushing up the state pension age (SPA) more quickly than previously planned. ...
State pension age could be raised to 70, says report image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:05:44 AM
. Two separate reports for the government have raised the possibility that millions of people may have to work longer to qualify for a state pension. ...
Investment ISA 2017: Returns of 15 per cent SMASH cash equivalents  image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 02:57:00 PM
....Only 33 out of 979 ISA funds have failed to deliver any growth, according to Moneyfacts. Richard Eagling, head of pensions and Investments at Moneyfacts, said: “The dominance of cash ISAs over stocks and shares ISAs in terms of popularity means that many individuals will not have benefitted. ...
Number of women working past 70 in UK doubles in four years image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 01:05:53 PM
. The number of women working past the age of 70 has doubled in the past four years, according to official figures that also reveal one in seven men are continuing in the workforce into old age, amid growing concerns over the bleak outlook for pensions. ...
The women still working into their 70s image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:06:12 AM
....3% in 2016. Worries over pension income and a motivation to stay active have pushed up working ages. ...
The last call for savers to cash in on tax relief image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 12:01:00 AM
. Those who want to claim maximum relief on their pension contributions should act before the tax year ends on April 5, experts say. ...
Starting a child pension pot could repay a small fortune at retirement image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 10:01:00 PM
. Parents or grandparents who invest in a pension on behalf of their little ones could build a retirement pot worth almost £300,000 with a relatively small monthly contribution. ...
London cycle courier 'was punished for refusing work after eight hours in cold' image
....Andrew Boxer is the latest to take on the battle to be classified as a “worker” rather than an independent contractor. As a contractor for Excel, a courier company that was taken over by rival firm CitySprint last October, Boxer is not entitled to the national minimum wage, holiday pay, sickness benefit or a pension. ...
UK wages will soon lag behind prices – will the Bank take action? | Larry Elliott image
.... A combination of a rebound in oil prices and the fall in the pound since the EU referendum has resulted in a steady increase in inflation since the middle of last year, and there are more price rises in the pipeline. Competition between retailers will help keep inflation in check but the double whammy from energy prices and sterling could hardly have come at a worse time, since businesses are already having to cope with a higher minimum wage, pension auto-enrolment and the apprenticeship levy. ...
Eight tax changes savers should watch out for from April 2017 image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 01:47:00 PM
....        Money Purchase Annual Allowance set to fall. Mr Cox said: “If you have accessed a pension fund flexibly such as taking an Uncrystallised Funds Pension Lump Sum (UFPLS) or a taxable payment from a Flexi-Access Drawdown arrangement, the amount you can pay into money purchase pension arrangements is being reduced from £10,000 to £4,000. ...
Sir Philip Green 'could get £15m refund from £363m BHS payout' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:30:06 AM
. Sir Philip Green is in line for a £15m refund from his £363m deal to rescue the BHS pensions scheme, Labour MP Frank Field has claimed. ...
Lord King: Scotland 'could be independent' image
Source : BBC [Read Article] Monday 20th of March 2017 09:34:16 PM
...."My biggest worry about economic policy in the next few years is that all the politicians seem obsessed with Brexit. "And actually, the biggest problems we face now are not Brexit, it's about how we can reduce the trade deficit, how we're going to save enough as a nation to pay for our pensions. ...
Residential care costs 'can soak up over 50% of property values' image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
.... He also said the government would produce a discussion paper later this year that looks into how to fund social care in the future. The new research from the mutual insurer Royal London, whose director of policy is the former pensions minister Steve Webb, found that variations in house prices around the UK mean the cost of a typical residential care home stay could range from 18% to 56% of the value of the average house. ...
UK Mail driver who was unable to work after car accident charged £800 image
....Such charges are to be scrutinised by the Downing Street-commissioned review into modern employment practices led by Matthew Taylor. Frank Field, the chair of the Commons work and pensions select committee, said he would press Taylor “to look closely at this rip-off practice which again shows how the odds are stacked against the low paid in Britain’s gig economy”. ...
Executive pay: all eyes on boardroom as AGM season looms  | Chris Cummings image
....For two-thirds of the FTSE 100, 2017 marks the third anniversary of a binding shareholder vote on what the UK’s largest companies pay their top team. This binding vote is a very powerful tool which gives investors – those firms who ultimately look after your and my pension or savings – the power to hold companies to account on what they pay their senior executives. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
.... But for the low-paid, that flexibility can quickly tip into insecurity and exploitation. Millions who are self-employed, or working on agency or zero-hours contracts, do not enjoy sickness pay, parental leave, protection against unfair dismissal and pension entitlements. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....Particularly at risk is the Scottish financial services industry, which does most of its business south of the border. Standard Life, which is about to merge with rival Aberdeen Asset Management to create an investment behemoth, said during the last referendum that it would probably move south, if only to continue as a dominant player in the UK pensions market. ...
New bombshell for self-employed: pay 400% more NICs… or lose state pension image
. Jane Clark, a self-employed maths tutor who earns around £2,500 a year, faces a 400% increase in her national insurance contributions (NICs) if she wants to retain her right to a state pension. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
....The chief executive of Citizens Advice, Gillian Guy, said: “The prime minister is right that the energy market is not working for everyone. Over 2 million low-income families and pensioners in Britain are paying £141 more each year because they remain on their supplier’s standard variable tariffs. ...
BP in talks with Ineos over Forties pipeline sale image
Source : BBC [Read Article] Friday 17th of March 2017 11:56:25 AM
.... . Unite Scottish secretary Pat Rafferty said: "Our members at BP will have major concerns about the possibility of becoming employees of Ineos, a company with a clear history of attacking our members' pensions, as well as their terms and conditions, in order to maximise profit. ...
Philip Green's lavish party for his 65th ends exile from social circuit image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:27:49 PM
....Before the collapse of BHS, Green, who is worth an estimated £3bn, was a gossip column favourite thanks to a glamorous social circle of supermodels and A-list Hollywood actors. But his 65th was a little light on stardust – possibly following the wrangling over the size of his cheque required to make good the shortfall in the BHS pension fund that had fuelled months of critical headlines. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
....One specialist developer of student accommodation laid on a golf day at a course just outside the resort town in the south of France to entertain wealthy prospective backers. While more traditional property assets have been hit by tax rises, more regulation and uncertainty surrounding Brexit, big investors including multinational investment banks and overseas pension funds have identified student housing as a goldmine that can generate big and predictable profits. ...
Child poverty in UK at highest level since 2010, official figures show image
Source : Guardian [Read Article] Thursday 16th of March 2017 02:45:20 PM
.... Household incomes have risen, income inequality is lower than in 2010, and the number of children in workless households has fallen. The work and pensions secretary, Damian Green, said: “I’m committed to tackling disadvantage and these figures confirm that work is the best route out of poverty. ...
Household incomes crept up last year, DWP figures show image
Source : BBC [Read Article] Thursday 16th of March 2017 11:20:14 AM
....4% in 2015-16 after adjusting for inflation, new data from the Department for Work and Pensions (DWP) shows. Working-age household incomes have been stagnant since 2007-08 compared with a 10% rise for pensioners. ...
Over-55s urged to wise up on pension advice image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 10:43:00 PM
. Deciding what to do with your pension is one of the most important decisions of your life, yet new research shows most people plan to go it alone. ...
Pension trick could see Britons rake in HUNDREDS of pounds EVERY MONTH if done by April 5 image
. The top-up scheme allows anyone who missed out on the new state pension introduced last year to exchange a lump sum of cash for generous index-linked income for life. ...
Interest-only mortgage deals: Bank to help 100,000s borrowers with new change image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 02:15:00 PM
....Age Partnership last year found these borrowers were typically 70-years-old and have £66,035 in outstanding debt. Homeowners often find it difficult to get a new mortgage deals if the term runs into retirement, even though many people could use guaranteed pension income to make repayments. ...
Hammond's NICs U-turn is a political disaster for the government | Larry Elliott image
....The chancellor’s letter to the Treasury select committee explaining his change of heart only made matters worse, however. Hammond repeated the justification for the NICs increase outlined in the budget – the self-employed should pay more for their improved pension entitlements and the differences in tax treatment was costing the exchequer a lot of money by encouraging people to certify themselves as self-employed. ...
U-turn over Budget plan to increase National Insurance image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:30:48 PM
....He would use the Autumn Budget to set out further measures to "fund in full" the £2bn lost from NICs, he said. But Tom McPhail, Hargreaves Lansdown's head of retirement policy, argued the U-turn would increase pressure in other areas of fiscal policy - and "may increase the risk of further pension tax tinkering in the Autumn Budget". ...
Philip Hammond defends scrapping national insurance rise for the self-employed image
....Class 4 NICs, the rate paid by self-employed people, were due to rise from 9% to 10% next April and 11% in 2019, to narrow the gap with employees, and prevent the tax base being eroded as self-employment becomes more widespread. Hammond continued to defend the policy, which he said would have helped to address the fact that the self-employed pay less tax than employees, despite receiving many of the same benefits, including, from April next year, the same access to the state pension. ...
New GlaxoSmithKline chief to earn 25% less than her predecessor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:04:51 PM
....”. According to the annual report, her pay consists of four pay components: a £1m basic salary, which is 10% lower than Witty’s; 20% of her salary paid into her pension, which GSK says is “significantly lower” than Witty, who has a more generous defined benefit arrangement; an annual bonus worth up to 100% of her salary, or 200% in exceptional circumstances – less than the 125% of salary that Witty could have achieved; and a long-term incentive plan award of shares worth up to 550% of her salary, less than the 700% grant that Witty could have received. ...
Pension tax warning: Savers in 'last chance' to use extra relief allowance before April 5 image
.... The annual contribution allowance has been reduced in recent years and is now capped at between £10,000 and £40,000, dependent upon income tax rates. But anyone who contributes the maximum allowed to pensions in a year can add more by going back to use unused allowances from the previous three years - a long as is not more than total earnings. ...
Charlotte Hogg image
Source : BBC [Read Article] Tuesday 14th of March 2017 01:51:01 PM
.... . Her maternal grandfather, John Boyd-Carpenter, was transport minister then minister of pensions and national insurance under both Anthony Eden and Harold Macmillan. ...
Brexit talks: five key challenges facing Theresa May image
Source : Guardian [Read Article] Monday 13th of March 2017 04:36:22 PM
.... A transition deal is seen as possible, but with the risk that this will make the talks even more protracted. EU negotiators have made it clear that they want the UK to negotiate a divorce “settlement” before anything else is discussed, with a bill of €60bn mooted for past spending pledges and staff pensions. ...
Lifetime Isas: Money Saving Expert Martin Lewis explains image
Source : BBC [Read Article] Monday 13th of March 2017 03:33:39 PM
. Lifetime Isas are set to be introduced on 1 April and could help under-40s buying a new home or building a pension. ...
Related to :
The Crusader: TV drama has happy ending  image
Source : Daily Express [Read Article] Monday 13th of March 2017 01:55:00 PM
....“I got an offer from them to reimburse me and I accepted, but have not heard again,” she explained. “I’ve been without my TV for weeks and I’m a pensioner and can’t afford to buy another one without the refund, so it’s been a bit miserable. ...
Iceland to end capital controls from 2008 financial crisis image
Source : BBC [Read Article] Sunday 12th of March 2017 03:14:37 PM
. Iceland will lift all capital controls on its citizens, businesses and pension funds from Tuesday. ...
A helping hand with childcare: options to make your child and wallet happy image
.... In London, the typical cost for a nanny share is £1,800-£2,100 a month per family. That is based on employing a well-qualified nanny to work 10 hours a day, five days a week, including all taxes and national insurance (though not the potential requirement to pay into their pension). ...
Budget 2017: tax on dividends will be a raid on 2 million small investors image
.... This allowance only came into being in April 2016 (it replaced the dividend tax credit) and is basically the threshold at which point people have to start paying tax on dividend income from shares. This cut affects dividend-paying shares and investment funds held outside Isas or pensions. ...
The Falklands war hero fighting for his state pension image
Source : Guardian [Read Article] Saturday 11th of March 2017 06:59:27 AM
....Roger Edwards risked his life for his country in the Falklands war, taking part in some of the conflict’s most hazardous operations, including the SAS raids on Pebble Island and Goose Green, and the retaking of South Georgia. So how has the UK government repaid him for his service? By freezing his state pension so it will never increase again. ...
‘Think of it as an utterly invaluable learning experience’ – our work expert responds image
....I do look for other jobs, but it would mean travelling and would add to my time at work. I can retire on a full pension in three years so I could just cut my losses and carry on until then. ...
The Guardian view on the Ofcom deal: too little, too slowly | Editorial image
.... If ever the monopoly is floated on the stock exchange, it is BT that will profit. The taxpayer, meanwhile, is stuck with the pensions liabilities of both companies if there is any shortfall. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....While he was in office, Osborne met with BlackRock bosses five times, and members of his team at No 11 met with the firm 22 times in his last two years at the Treasury. His former righthand man, Rupert Harrison, who was described as the architect of the government’s pension reforms, left government to become BlackRock’s chief macro-strategist in 2015. ...
Does BT's Openreach deal mean faster broadband or higher prices? image
Source : Guardian [Read Article] Friday 10th of March 2017 01:21:25 PM
....This is a saga that has gone on for years. One problem is BT’s pension scheme, which suffers from a mammoth deficit, and a forced separation would likely have provoked lengthy legal battles. ...
BT Openreach deal could pave way for cheaper, faster broadband image
Source : Guardian [Read Article] Friday 10th of March 2017 07:32:13 AM
....”. A major sticking point in the protracted negotiations is what happens to the pensions of BT staff who transfer to become Openreach employees. ...
Why is John Lewis tightening its belt? image
Source : Guardian [Read Article] Friday 10th of March 2017 07:16:34 AM
....The introduction of the new minimum wage for over 25s – “the national living wage” – has increased costs for all retailers. John Lewis has always tried to attract better quality staff, and retain them for longer, by offering pay above the legal minimum alongside other benefits ranging from a decent pension to the use of company holiday homes. ...
Savers urged to use THIS simple trick to beat dividend tax changes image
Source : Daily Express [Read Article] Thursday 9th of March 2017 04:32:00 PM
....It's predicted that around 2. 2million people - including around seven per cent of pensioners - will be impacted by the changes revealed in the 2017 Budget. ...
The shameless Tories have betrayed the self-employed – and themselves | John Harris image
.... Overnight there was a minor tweetstorm about how, back in 2010, Theresa May greeted Labour plans to raise people’s contributions by 1%: with a look of affected horror, and the claim that “it is Labour’s jobs tax that is going to kill the recovery”. All this goes straight to the Conservatives’ collective soul, and their supposedly deep belief in the frontier spirit of entrepreneurs, lone traders, and anyone else who stands apart from the supposed comfy world of sick pay, company pensions and redundancy rights, and tries somehow to make their own way. ...
'This is grossly unfair': self-employed readers react to NICs increase image
Source : Guardian [Read Article] Thursday 9th of March 2017 02:21:03 PM
....I’ll pay more NI overall – probably about £30 to £35 per year I think. It’s said it’s to level the playing field with those in employment but I already lack sick pay, holiday pay, and employer pension contributions and my work can get cancelled at any point with no compensation. ...
Budget tax rise image
Source : BBC [Read Article] Thursday 9th of March 2017 01:40:23 PM
....So, what does this all mean? . Workers - whether they are employees or self-employed - pay National Insurance to qualify for certain benefits, such as the state pension. ...
Sir Martin Sorrell's £42m payout takes earnings to £210m in five years image
....5m in 2013 and €24. 1m in 2014, his first year at the helm when his pay was inflated by by pension payments and “tax equalisation” handouts. ...
Tesco to pay back thousands of underpaid staff image
Source : BBC [Read Article] Thursday 9th of March 2017 11:24:00 AM
....The supermarket is set to pay out about £10m with most workers getting up to £40, although some could get much more. Some staff were paid less than the National Living Wage after contributing part of their salary to pensions, childcare and cycle to work schemes. ...
Tesco to pay out nearly £10m to staff after payroll errors image
Source : Guardian [Read Article] Thursday 9th of March 2017 10:56:20 AM
....The error was uncovered during the implementation of a new payroll system, Tesco said. A review of its systems found that mistakes had been made for some workers who paid into voluntary schemes such as pensions, childcare vouchers, and cycle to work programmes. ...
Morrisons profit rises as recovery continues image
Source : BBC [Read Article] Thursday 9th of March 2017 07:36:42 AM
.... . The supermarket said other pressures on costs included its pension scheme, which is currently in surplus, and higher staff pay. ...
From V-necks to handcuffs image
Source : BBC [Read Article] Thursday 9th of March 2017 05:52:51 AM
....3m) to two non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for political support. Those favours are alleged to include backing for a controversial Samsung merger which paved the way for Mr Lee to become eventual head of the conglomerate, a deal that needed support from the national pension fund. ...
Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
....Despite all the talk about help for the “just about managing”, struggling families are going to find life even harder in the years ahead. As Andrew Harrop, general secretary of the Fabian Society, has pointed out, real spending on non-pension social security will fall 6% by 2021, which will translate into lower living standards and less spending power for families. ...
Few will spot the difference in national insurance – at first | Patrick Collinson image
....There was instant condemnation about the NI hikes from some tax planners, including a warning it would have an “emotional impact on self-starters”. Others argue that the self-employed don’t get the luxury of paid annual leave, employer pension contributions or enhanced parental leave pay, and must support themselves through periods of no work. ...
George Osborne to be paid £650,000 for working one day a week image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:34:36 PM
....The former chancellor’s earnings were revealed in the latest register of MPs’ interests, which shows that he will make more than eight times his salary as a backbencher as an adviser to the Wall Street firm. He was criticised for taking the job earlier this year, because BlackRock may have benefited from reforms to pension rules made while he was chancellor. ...
Budget 2017: Tax-free dividend allowance slashed image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:04:27 PM
....Experts said some savers could protect themselves to a degree by using the more generous tax-free Isa allowance, which can be used for stocks and shares. "Investors should make the most of their ISA and pension allowances, to protect as much of their wealth as possible from the taxman," said Laith Khalaf, senior analyst at Hargreaves Lansdown. ...
Greek farmers clash with riot police in Athens over austerity image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:16:48 PM
....However, the barrage of cuts and increases in the price of everything from fuel to fertilisers will hit them hard. Tax rates are expected to reach 26%, while pensions are being cut by as much as 22% by 2022. ...
Budget: National Insurance rise criticised image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:42:03 PM
....Self-employed people have traditionally paid lower NICS than employees, as they receive fewer state benefits. But the chancellor said the self-employed now had equal access to the new state pension. ...
DPD and Parcelforce face MPs' questions over working conditions image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:58:20 PM
....Parcel delivery firms DPD and Parcelforce Worldwide could be called before a parliamentary committee to answer questions about the working conditions faced by their self-employed couriers. Frank Field, the Labour MP who chairs the work and pensions select committee, has written to the bosses of both companies asking them to contribute to an ongoing inquiry into the gig economy, after the Guardian revealed drivers were charged up to £250 if they could not provide cover when they were ill. ...
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....Announcing his changes, the chancellor said an employee earning £32,000 a year currently faces an NI bill of £6,170 along with their employer, while the bill for a self-employed person earning the same salary would be £2,300. “Historically, the differences in NICs between those in employment and the self-employed reflected differences in state pensions and contributory welfare benefits,” he said. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
....The Chancellor announced the allowance will be cut from £5,000 to £2,000 from April 2018. Dividends are annual cash payments made to holders of certain shares, they provide a vital source of income to many pensioners who rely on savings in retirement. ...
Lack of pension equality for same-sex couples 'is sexual discrimination' image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:05:48 PM
. Denying equal pension rights to a same-sex husband – as opposed to a wife – amounts to direct, sexual discrimination, the supreme court has been told in a test case which could affect thousands of couples. ...
Budget 2017: What it means for YOU? Self-employed, savers, pensioners, and motorists image
....Experts said it could be a blow to people relying on the income in retirement. In another hit to pensions the Chancellor ignored calls to reverse looming cuts to the Money Purchase Annual Allowance, which is to fall from £10,000 to £4,000 in April. ...
Smokers could earn £3,839 after quitting for just a year, figures reveal image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 08:38:00 AM
.... . “The average smoker who quits in their 20s and feeds the savings into their pension could easily build a pot of well over £260,000 by age 67. ...
Philip Hammond urged to pause cut in benefits for widowed parents image
Source : Guardian [Read Article] Tuesday 7th of March 2017 09:00:38 AM
....”. Debbie Abrahams MP, the shadow work and pensions secretary, said it was difficult to imagine how hard it must be for a family to lose a parent. ...
Goodbye Spring Budget image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:11:17 AM
....Mr Roy-Chowdhury points out that moving the government announcements matters to the general public as well. "If there is a range of changes twice a year to things like national insurance, personal allowances, pensions tax relief or savings allowances, it is harder for ordinary taxpayers to keep up," he says. ...
Snap slides as Wall Street ends lower image
Source : BBC [Read Article] Monday 6th of March 2017 11:51:47 PM
....8% after revealing it will take a charge of $4. 5bn, mainly pension expenses, on the sale of Opel and Vauxhall to Peugeot. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
....Greg Clark, the business secretary, told the House of Commons on Monday that the government was “cautiously optimistic” about the deal. He said ministers would hold PSA to its intentions to “safeguard the plants, honour their commitments and look to increase the performance and the sales of cars” as well as a promise that “no pensioner, current or prospective, will be worse off in any way”. ...
In the Vauxhall towns, workers view PSA takeover with unease image
Source : Guardian [Read Article] Monday 6th of March 2017 06:59:58 PM
....Sitting in a covered market hall in the town, 74-year-old Dave Small is enjoying a cup of tea with friends. He used to work at Vauxhall and says his main concern when he heard the news was whether pensions would be protected. ...
Sick Parcelforce couriers can be charged up to £250 if they can't find cover image
....”. Frank Field MP, who chairs the House of Commons work and pensions committee, said: “It almost looks as though some companies are now engaged in a bidding war, to see who can slap the biggest penalty on workers who are sick. ...

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