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.
Financial Times:” Why pension freedoms won’t trigger a property boom”. The revolution has arrived. New rules came into force this week giving millions of pension savers the option to take their pension pots as cash from the age of 55, ending the effective requirement to use their retirement savings to buy an annuity. Click here to go directly to the article
Financial Times:” Taxation of pension withdrawals simplified”. Tax authorities are making it easier for savers to reclaim any tax they may have overpaid after taking a lump sum from their pension under the new freedoms.
Click here to go directly to the article
Financial Times:” Paying off debt a priority in first week of pension freedoms”. Pension savers are finding it difficult to use new pension freedoms as some providers are turning down requests for flexible access to pension pots. Click here to go directly to the article
Financial Times:” Older savers and couples to benefit from new tax reliefs”. Low earners will now pay less tax on their savings income as a number of new reliefs, many of which were announced in last year’s Budget, have come into effect with the new tax year. Click here to go directly to the article
Financial Times:” Pensions industry calls on savers not to make rushed decisions”. The UK pension industry has appealed to customers not to rush into cashing in their savings as they reported record call volumes triggered by key reforms that came into force this week. Click here to go directly to the article
Financial Times:” Non-dom reforms could be ‘tipping point’ for wealthy foreigners”. Labour’s pledge to reform non-domicile rules promises to significantly alter the tax equation for wealthy foreign residents and will prompt many to re-evaluate their options, experts have warned. Click here to go directly to the article
Financial Times:” Older savers and couples to benefit from new tax reliefs”. Low earners will now pay less tax on their savings income as a number of new reliefs, many of which were announced in last year’s Budget, have come into effect with the new tax year. Click here to go directly to the article
Financial Times:” Robust demand for tax-efficient VCTs continues”. Appetite for tax-efficient investments remained strong last year, with venture capital trusts reporting their largest inflows for almost a decade. Click here to go directly to the article
Financial Times:” New guidelines on Isa inheritances”. New guidelines have been published on the inheritance of Isa investments for surviving spouses. Click here to go directly to the article
The Times:” Just how wise is the government’s new breed of pension mentor?”. With the new retirement freedoms just coming into force, thousands of savers will be relying on information from the government’s free Pension Wise guidance service. We asked two of our pension experts to give it a trial run. Both were pleasantly surprised by the experience Click here to go directly to the article
The Times:” Tories pledge inheritance tax giveaway on family homes”. David Cameron is set to pledge that a Conservative government will scrap all inheritance tax for families who pass on to their children homes worth up to £1 million.
Click here to go directly to the article
The Times:” Pension freedom: what everyone is asking”. Savers as young as 23 have been phoning insurers this week and demanding the right to cash in their retirement savings as the biggest pension reforms for a generation have left many baffled.
Click here to go directly to the article
The Telegraph:” Pension profit: use new rules to grab instant 25pc returns”. There are several loopholes that offer savers – even of the most modest means – an immediate, risk-free return
Click here to go directly to the article
The Telegraph:” Green Party plans to raise top rate of income tax to 60p”. Natalie Bennett claims UK’s highest earners are “taking too much out of our society” and “need to pay back”
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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