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Search: Posts Made By: Al R
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Forum: Military Aviation
4th Nov 2014, 14:40
Replies: 48
Views: 10,451
Posted By Al R

Neither! You could be retired and not drawing...

Neither! You could be retired and not drawing benefits from a pension. If you want a quick personal information only steer about your personal circumstances, don't hesitate to message me.

(Deep...
Forum: Military Aviation
4th Nov 2014, 11:03
Replies: 48
Views: 10,451
Posted By Al R

Willard, I'm not sure I get your question,...

Willard,

I'm not sure I get your question, none of us are 'safe' tax wise these days!

But the chances are, and you probably know this, that you'll be a HR tax payer until you die. In other...
Forum: Military Aviation
4th Nov 2014, 10:43
Replies: 48
Views: 10,451
Posted By Al R

Has QE affected your pension? Don't worry! If...

Has QE affected your pension? Don't worry! If you're in the Bank of England pension scheme that is. Only in Britain could this happen, I admire the brazen way increases are still linked to RPI. ...
Forum: Military Aviation
24th Jul 2014, 08:58
Replies: 48
Views: 10,451
Posted By Al R

Steve Webb is ok, he knows what he's talking...

Steve Webb is ok, he knows what he's talking about.

I've always suggested that the tweaks around the edges of AFPS 15 are red herrings, that it is only going to be affordable or viable as long as...
Forum: Military Aviation
22nd Jul 2014, 14:12
Replies: 48
Views: 10,451
Posted By Al R

Fod, No, if you're growing wealth still, it...

Fod,

No, if you're growing wealth still, it won't - it applies just to those taking it out, or drawing down - just retirees. If you are still growing it, it might be worth checking out the...
Forum: Military Aviation
22nd Jul 2014, 06:19
Replies: 48
Views: 10,451
Posted By Al R

LFFC, Further to your last, the new guidance...

LFFC,

Further to your last, the new guidance will aply from April 15 - confirmed. It was decided that reducing the annual allowance from to £10,000 would reduce the risk of people recycling...
Forum: Military Aviation
22nd Jul 2014, 06:01
Replies: 48
Views: 10,451
Posted By Al R

This, from the Observer overnight explains why...

This, from the Observer overnight explains why advice surrounding transferring out of DB schemes is so risky - because there are cowboys out there quite happy to take the money and run (I dread to...
Forum: Military Aviation
21st Jul 2014, 20:14
Replies: 48
Views: 10,451
Posted By Al R

LFFC, It could be bought in at any time. ...

LFFC,

It could be bought in at any time. Realistically, it'll be confirmed in Autumn and introduced next April (don't hold me to that!).

Otherwise, those who have made large singular...
Forum: Military Aviation
21st Jul 2014, 12:05
Replies: 48
Views: 10,451
Posted By Al R

If being able to transfer out responsibly,...

If being able to transfer out responsibly, rationally, fairly and in light of all the facts is the fair and right thing to do and allow, let it be fair for all. But it won't be - because although...
Forum: Military Aviation
22nd Mar 2014, 09:54
Replies: 48
Views: 10,451
Posted By Al R

If you're 40 or so, then yes - your new civvy...

If you're 40 or so, then yes - your new civvy pension will change (benefits from 57 for instance).

But this budget affects everyone. Even a 70 year old who annuitised last week and who now must...
Forum: Military Aviation
22nd Mar 2014, 06:52
Replies: 48
Views: 10,451
Posted By Al R

One aspect thing of the orphan pot aspect is that...

One aspect thing of the orphan pot aspect is that someone with income to support it, could make a tax grossed single contribution of £9,999 and then take the lot back out a few days later with no tax...
Forum: Military Aviation
21st Mar 2014, 20:11
Replies: 48
Views: 10,451
Posted By Al R

Thomas.. you've been warned! :eek: Did you...

Thomas.. you've been warned! :eek:

Did you spot this? Budget gives HMRC power to raid your bank account ? like Wonga ? Telegraph Blogs...
Forum: Military Aviation
20th Mar 2014, 20:32
Replies: 48
Views: 10,451
Posted By Al R

If you're employed and if the investments are...

If you're employed and if the investments are funded out of income, then yes. If you're a gentleman of leisure and if your income is derived from (for instance) Dividends or CGT, then HMRC will look...
Forum: Military Aviation
20th Mar 2014, 17:46
Replies: 48
Views: 10,451
Posted By Al R

Thomas, Be careful. Any benefit paid by the...

Thomas,

Be careful. Any benefit paid by the state (taxable or non taxable) is not treated as ‘Relevant earnings’ for the purposes of further Pension Tax Relief. My advice would be to change your...
Forum: Military Aviation
20th Mar 2014, 11:06
Replies: 48
Views: 10,451
Posted By Al R

That works. :cool:

That works. :cool:
Forum: Military Aviation
20th Mar 2014, 10:40
Replies: 48
Views: 10,451
Posted By Al R

Without insight and not as advice, my first...

Without insight and not as advice, my first instincts would be to make sure that the funds Mr TOFU are invested in, are as low volatility and as safe in terms of investment returns as she feels they...
Forum: Military Aviation
19th Mar 2014, 23:04
Replies: 48
Views: 10,451
Posted By Al R

Stablelad, No, today's earthquake bomb only...

Stablelad,

No, today's earthquake bomb only related to Defined Contribution (DC) pensions - not Final Salary ones. Osborne made a very brief mention of them, when he said that he would continue to...
Forum: Military Aviation
19th Mar 2014, 16:29
Replies: 48
Views: 10,451
Posted By Al R

You mean.. just in time for next year's General...

You mean.. just in time for next year's General Election? Yes, and UKIP will be feeling pretty sick.

And yes - I'm pleased that the annuity market has been, effectively, sunk. I feel for those...
Forum: Military Aviation
19th Mar 2014, 15:04
Replies: 48
Views: 10,451
Posted By Al R

You really wouldn't want to be a shareholder in...

You really wouldn't want to be a shareholder in an assurance company that specialises in annuities, and looking at your intra-day actuals, after a budget like that.
...
Forum: Military Aviation
19th Mar 2014, 14:22
Replies: 48
Views: 10,451
Posted By Al R

Once a stockbroker.. A quick look reveals,...

Once a stockbroker..

A quick look reveals, shares down Aviva -3.6%, Legal & General -6%, Prudential -2.2%, Standard Life -2.2% on scrapping of compulsary annuities. Stand by for next big...
Forum: Military Aviation
19th Mar 2014, 14:12
Replies: 48
Views: 10,451
Posted By Al R

Vin, Yes, but taxed at someone's marginal...

Vin,

Yes, but taxed at someone's marginal rate and not the punitive high rates we have seen. I imagine that the tax revenue will be higher because of the novelty value but just trusting savers...
Forum: Military Aviation
19th Mar 2014, 14:00
Replies: 48
Views: 10,451
Posted By Al R

Unprecedented. I never thought, as I used to dig...

Unprecedented. I never thought, as I used to dig in all over the place, that one day, I'd be staring at my TV completely and totally gobsmacked at pension news on budget day. Yes, raising the...
Forum: Military Aviation
19th Mar 2014, 13:29
Replies: 48
Views: 10,451
Posted By Al R

New £15,000 combined ISA, new pensioner bond,...

New £15,000 combined ISA, new pensioner bond, access to Defined Contribution pension funds not just prized open, but blasted completely apart. Blimey. I feel a little faint.
Forum: Military Aviation
19th Mar 2014, 05:08
Replies: 48
Views: 10,451
Posted By Al R

I've just read Steve Webb's response to their...

I've just read Steve Webb's response to their Lordships. Having said he is fair minded, his response to one Labour suggestion received short thrift. It was suggested to him that workers might...
Forum: Military Aviation
18th Mar 2014, 22:07
Replies: 48
Views: 10,451
Posted By Al R

F.O.D You never know, your letter may have...

F.O.D

You never know, your letter may have been the one that sowed the seed.

Steve Webb is getting a mixed press these days but he seems to be well meaning and fair. I did think it strange...
Forum: Military Aviation
18th Mar 2014, 11:03
Replies: 48
Views: 10,451
Posted By Al R

The Pensions Bill Amendments 2014

There are a few suggested amendments to the new Pensions Bill. They are not particularly contentious although these ones will have particular relevance to more senior, or older and/or retired...
Showing results 1 to 26 of 26


 
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