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auto enrolment

An unexpected side-effect of auto-enrolment

Posted under Tax Briefs, Ward Goodman News.

Auto-enrolment is having the unexpected side effect of making people blasé about their pensions and increasingly neglectful of their need to make pension-related decisions.   Research undertaken by Aviva discovered that 15% of private sector employees are unaware of their pension choices or have never reviewed them, compared with just 9% three years ago when…

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income tax

How your income tax bill really has gone up

Posted under Tax Briefs, Ward Goodman News.

Independent research shows that if you feel you’re paying more income tax than you used to, you’re probably right.   The Institute for Fiscal Studies (IFS) is an independent body that has established a reputation for objectivity in tax matters. Its former head, Robert Chote, is now in charge of the Office for Budget Responsibility…

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Pension sheme

Pensions Regulator toughens up over warning notices

Posted under Tax Briefs, Ward Goodman News.

The Pensions Regulator (TPR) has issued a warning to small companies that fail to heed 28-day warning notices to enrol their staff in pension schemes. The regulator states that firms could be hit with a fine that will rise with every passing day until they comply. 95% of small firms who are required to auto-enrol…

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skills gap

UK firms face digital skills gap

Posted under Tax Briefs, Ward Goodman News.

The Confederation of British Industry (CBI) has warned that there is a divide in the UK economy, with many firms lagging far behind when it comes to digitisation. The CBI says that despite the fact that Britain takes the global lead in e-commerce and is at fifth place for availability of technology, it ranks 14th…

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Offshore investment advice

Offshore funds and onshore myths

Posted under Tax Briefs, Ward Goodman News.

The ‘Panama Papers’ have created a media frenzy about offshore investment. Not everything you read was necessarily accurate. Offshore investment made front page headlines last month, with the leak of 11.5 million documents from a law firm in Panama. The fact that there was link to the Prime Minister gave the story legs, but unfortunately…

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