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, July 06, 2015
ARTICLES
Financial Times:” Treasury considers big shake-up of UK pension tax”. Treasury officials are considering a big shake-up of the tax treatment of pensions, prompting warnings from the UK industry that retirement saving could be put at risk. Click here to go directly to the article
Financial Times:” Greater drawdown protection needed says Which?”. The regulator is facing calls to shore up the financial safety net for investors in pension drawdown as new analysis showed many would face big cuts to retirement income if their provider went bust.
Click here to go directly to the article
Financial Times:” Osborne’s Budget must end the perversity of the tax system”. A
Briton sets up a business, risking her savings and employing people on the way. If she makes a profit, it is taxed. If she sells the company, she is taxed on the capital gain.
Click here to go directly to the article
Financial Times:” Osborne chooses tax cuts over higher wages”. Ministers’ determination to cut £12bn from the welfare bill has ignited a debate about the causes and possible remedies for low pay and working poverty. Click here to go directly to the article
Financial Times:” HMRC shows strain after 10 years of woes and losing 40% of staff”. After 10 years shedding two-fifths of its workforce, cracks are showing at the UK tax authority. HM Revenue & Customs is already under fire over its failure to answer the phone and read post on time. Now it is braced for more problems after accelerated spending cuts announced in June. Click here to go directly to the article
The Times:” Help! We’re stuck in 1975″. Threshold rises for many tax breaks are long overdue, but what else should be on the chancellor’s budget day list?
Click here to go directly to the article
The Times:” Get ready to feel the summer budget heat”. You may be thinking about the impact of Greece on your finances, but events closer to home are likely to have a far greater effect. Whatever the outcome in Athens there will be consequences for your savings, but on Wednesday the chancellor delivers the first budget controlled solely by a Tory government in almost two decades. Will the gloves come off without the restraining influence of a coalition partner? And what do the experts predict? Times Money investigates.
Click here to go directly to the article
The Times: “Budget tax break to save homeowners thousands”. David Cameron and George Osborne are to raise to £1 million the inheritance tax threshold for couples who want to pass on their family home to their children.
Click here to go directly to the article
The Times:” Blow to savers amid fears over pensions”. The Financial Services Compensation Scheme (FSCS) announced this week that the compensation limit on its deposit guarantee scheme will be cut from the current £85,000 to £75,000 from January 1 (Mark Atherton writes). The move follows an EU directive which harmonises savings compensation limits across Europe at €100,000 or its equivalent.
Click here to go directly to the article
The Telegraph:” Pension tax breaks: this is why they’re about to be cut”. George Osborne’s Wednesday Budget is expected to usher in the first of many cuts to pension savers’ generous tax breaks
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The Telegraph:” The pension savers being automatically put into ‘illegal’ schemes”. Contributions to company pensions are ending up in unapproved schemes, the Telegraph can reveal
Click here to go directly to the article
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 Opus Gold 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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