by Gareth Morgan on December 22, 2015
Before the pension freedoms of April 2015, the practical reality, for most people with pension savings, was that they had to take an annuity. For those with benefits entitlements that was often a pretty poor bargain. The annuity was taken penny for penny from any means tested benefit entitlement that they had, whether Pension Credit […]
by Gareth Morgan on October 20, 2015
Tax credits are very much in the news at the moment, not least because of the powerful appearance on BBC Question Time of Michelle Dorrell with her concern about the personal impact of these cuts. I have recently completed a big exercise, using our Future Benefits Model, looking at the effect of all the announced […]
by Gareth Morgan on August 20, 2015
I wrote some time ago, over 3 ½ years in fact, about the consultation and call for evidence that had been published by the government announcing their policy intentions for support for mortgage interest in means tested benefits – http://blog.cix.co.uk/gmorgan/2012/01/06/mortgage-interest-support-consultation/. The Summer Budget 2015 has now produced the date of introduction of the proposal – […]
by Gareth Morgan on February 15, 2015
There are big changes coming in April to the way in which people, from age 55, can access their ‘money purchase’, or ‘defined contribution’ pension savings. These are pensions where the amount you get is decided by the amount that you’ve paid in to your ‘pot’ – the total value of your pension savings. The […]