FROM THE PAPERS
Synopsis: Short summaries of articles we think you will find useful from some of the weekends broadsheets. At the end of each summary is a link to take you directly to the relevant article. Please see Helpful Hints at the end of the bulletin.
Date posted: Monday, September 08, 2014
ARTICLES
FINANCIAL TIMES
Financial Times:” ‘Warn consumers of pension tax traps'”. The pensions industry faces calls from within to do more to make its customers aware of the potential tax traps of accessing pension cash. From April next year savers in defined contribution pension schemes will have new flexibility to take their funds as a cash lump with no requirement to buy an annuity.
Click here to go directly to the article
Financial Times:” Calls for better signposting of pension guidance”. The government is being urged to take responsibility for signposting consumers to new at-retirement guidance services and not leave this duty to the pensions industry.
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Financial Times:” Webb hints at action on pension exit fees”. Savers in workplace pension schemes will not know until December whether action will be taken to ease any penalties levied on those cashing in their policies. Click here to go directly to the article
Financial Times:” HMRC child benefit letters cause confusion”. Letters issued by the tax authority to high-earning couples about child benefit charges have caused ‘widespread confusion’, according to an accountancy firm. Click here to go directly to the article
Financial Times:” HMRC claims victory against tax scheme”. Investors in a vaccine research scheme face having to repay millions in tax reliefs, after a second tribunal found in favour of the tax authority. Click here to go directly to the article
Financial Times:” HMRC seeks severe fines for tax evaders”. Savers and investors who have kept assets offshore should make use of disclosure facilities to settle with the UK tax authorities while they still can, industry experts have warned. Click here to go directly to the article
THE TIMES
The Times:” A vital pension’s lesson for the class of 2015″. April sees a big shake-up in pension rules. We look at how people’s plans will change
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THE TELEGRAPH
The Telegraph:” No Isas for British-Americans: Post Office ‘overreacts’ over hated US tax law”. The Post Office has said it will no longer stop US citizens from applying for a cash Isa
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The Telegraph:” Super Isa’s now in taxman’s sights over unpaid debts”. Accountants from Baker Tilley say that individual savings accounts that allow people to build up tax-free savings pots, would be targeted
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The Telegraph:” Pensions meltdown threatens savings revolution”. As the first major provider comes clean about the problems of adapting to the new pensions regime, will a crisis engulf all savers?
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The Telegraph:” DIY pensions: the six alternatives to an annuity”. Pensioners are now looking for alternatives to annuities, with many opting to generate their own retirement income through bonds and shares. Below we look at six ways to take on your own ‘DIY’ pension
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HELPFUL HINTS
1. LINKS TO ARTICLES:
We have now provided direct links to the articles referred to in the article. These can be accessed by click on the “To go directly to the article click here” at the end of each article summary
2. REQUIREMENT TO SUBSCRIBE TO SITES:
As some Techlink users will be aware, many of the broadsheet newspapers that are traditionally covered in our From the Papers bulletin, are changing (or have changed) their free online access to articles.
Currently the Financial Times and Weekend Financial Times only allows access to view 8 articles a month free, then requiring the user to subscribe to their online service. From 1 July 2010 The Times, Saturday Times and Sunday Times articles are no longer available for free online. Instead a daily or monthly fee will have to be paid to access the articles.
We are aware of the inconvenience this will cause to our users. Unfortunately, due to the stringent copyright rules enforced by the newspapers we are not allowed to copy the articles onto our bulletin to make them available to Opus Gold users, thus our only option is to put a direct link to the article on the newspapers own website.
Although we will continue to produce From the Papers bulletins linking to these articles, users should be aware that access to many will now be blocked unless a personal subscription to the newspapers site is taken.
Once again we apologise for this inconvenience but this is something outside of our control.
QUICK LINKS
FINANCIAL TIMES, TIMES + SUNDAY TIMES, TELEGRAPH + SUNDAY TELEGRAPH, GUARDIAN + GUARDIAN WEEKLY +MONEY OBSERVER + OBSERVER, INDEPENDENT + INDEPENDENT ON SUNDAY, SCOTSMAN + SCOTLAND ON SUNDAY +EDINBURGH EVENING NEWS, DAILY MAIL + MAIL ON SUNDAY + (LONDON) EVENING STANDARD + THIS IS MONEY.
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