Q&A – implications of abolishing 55% inherited pensions tax
Ros gives further thoughts on the implications of the decision to allow pensions to pass on tax free to future generations and answers some of the most common questions she was asked.
Chancellor scraps 55% pensions 'death tax'
Ros welcomes the Chancellor’s decision to scrap the 55% tax charge on inherited pensions, explaining that the 55% rate was particularly unfair on those who had only received basic rate tax relief. She points out that this decision will incentivise people to keep money in their pension funds for longer, that may help pay for care in later life too.
Too many older workers opting out of autoenrolment and rejecting free money
Ros comments on the latest data showing that over 50s are the largest group opting out of auto-enrolment and points out that the pension reforms make pensions much more suitable for older workers.
Best pensions go to graduates and public sector while women and low paid lose out
Ros comments on the latest pension statistics released by the Office for National Statistics which show that women and low paid workers are least likely to have pensions unless they are graduates or work in the public sector.
Annuity sales plummet and drawdown soars after Budget
Ros comments on the latest figures from the Association of British Insurers showing the impact of the budget on annuity sales and income drawdown.
Flexibility for pensions – more details announced
Ros welcomes the Government’s further details on the new rules for pension flexibility and explains what this means.
Working longer can boost growth
Ros explains why extending working lives can be a win-win for everyone – better for employers, for business and for the economy as a whole.
Release announcing Ros as Older Workers Champion
Press Release announcing that Ros has been appointed as the Government’s Business Champion for Older Workers.
A whole new concept of retirement can start
Ros explains why extending the right to flexible working to everyone can help redefine the whole concept of retirement.
Transfers from Defined Benefit to Defined Contribution can help scheme funding
Ros responded to the Treasury consultation on allowing DB to DC transfers and why this can help scheme funding – as long as proper safeguards are put in place to protect both those who might want to transfer and those who remain in the scheme.