Savings Archives - QROPS Review

New pension rules lead to more cash for the taxman

Posted by | Pensions, Savings | No Comments

tax manWhen the details for the new pensions regime became clear we warned that the real reason behind the change was to generate extra tax revenue for the government.

While it was pitched by George Osborne as a brave new pensions world of freedom and flexibility, new figures have now emerged showing the true picture.

New research out today shows the full extent of the windfall for the Exchequer in just the first 3 months of the new system.

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New Expat Mortgages Available – But is Property the Right Investment For You?

Posted by | Banking, Finance, Offshore, Savings | No Comments

expat mortgageOver the last 30 years, the London property market has garnered near mythical status among investors. In spite of the worst economic slowdown for at least 70 years, house prices in the South East have proven surprisingly resilient.

However, expats wanting to invest in property in the UK’s capital have often found it hard to secure the buy-to-let mortgages that they need. While it certainly used to be somewhat easier, a lot of lenders exited the market during the downturn in the face of a broad based credit squeeze.

Now there is a new entrant promising to fulfill the latent demand from expats looking for an investment return from the UK property market. Read More

Sainsbury’s Pension Woes May Hit Commercial Performance

Posted by | Pensions, Savings | No Comments

Sainsbury's pension schemeMost people have a defined contribution (also known as money purchase) pension scheme where the saver will contribute to a pot of money that will be used to provide an income in retirement. However, there are other schemes which can be referred to as defined benefit or final salary schemes.

This form of scheme is almost always an occupational pension scheme, funded through employer and employee contributions. However the pension saver does not have their own, allocated account.

Rather, there is a formula which states what their pension is likely to be on retirement, normally linked to a percentage of the last salary they’ll earn, combined with how long they’ve worked for their company. Traditionally, these schemes were seen as very safe.

But new research suggests that one such final salary scheme, that of FTSE 100 retailer J Sainsbury, may be dangerously underfunded to the point where it may harm the supermarket’s long term performance in Britain’s grocery price war.

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