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, March 09, 2015
Financial Times:” Campaigners sound income drawdown warning”. Savers buying new pension products which provide more flexibility over income, risk losing thousands of pounds in excessive fees, consumer campaigners have warned. Click here to go directly to the article
Financial Times:” Warnings over threats to ‘non-dom’ regime”. Changes to the regime that allows wealthy foreigners living in the UK to pay limited tax could have unforeseen and undesirable consequences, tax experts have warned.
Financial Times:” Deadline looms for employee benefit trust users”. Taxpayers who have been paid through disputed trust arrangements have been warned they may face payment demands from the UK tax authority after a settlement window closes this month. Click here to go directly to the article
Financial Times:” HMRC nets £1.1bn as it doubles take from probes at multinationals”. HM Revenue & Customs raked in £1.1bn from challenging the pricing of multinational companies’ internal deals in 2013-14 — more than twice as much as in the previous year. Click here to go directly to the article
The Times:” Your four point plan for the tax-year end”. Your Isa allowance is just one place that you can make tax savings and, with an election in May, it is certain that some reliefs will be taken away or reduced if there is a change in government. For this reason it’s important to get your year-end tax planning taken care of before April 5.
The Times:” Pensions raid could finance cuts in taxes “. Pensions were at the top of the news agenda this week with reports that the Tories may launch a pre-election tax cut in a giveaway budget on March 18.
The Times:” Need a safe haven? Cash is not the answer”. Pension freedom rules will spell disaster for savers who use them to make poor investment decisions, experts have warned, after a report revealed that millions plan to withdraw their retirement pot to deposit at a bank.
The Times:” Millions to lose out on flexible pensions “. Millions of investors looking forward to the new pension’s freedoms may be in for a rude awakening. Experts estimate that as many as nine out of ten savers reaching retirement are in pension plans that will block members from taking advantage of the new rules when they come into force on April 6.
The Times:” Are you ready for the pension revolution?”. In the first part of our six-week guide we demystify the new regulations that will come into force on April 6
The Times:” Watch out for hidden taxes before spending any windfall”. Are you planning to take cash out of your pension next month, and perhaps use it to fund a far-flung holiday, pay for much-needed home improvements or just cover day-to-day expenses?
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.
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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