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, April 14, 2014
Financial Times:” HMRC guidance on cancelled annuities welcomed”. Newly retired pensioners who have backtracked on their decision to buy an annuity will not be penalised, the tax authority has confirmed.
Financial Times:” George Osborne tightens net on offshore tax evaders”. George Osborne plans to give new powers toHM Revenue & Customs to make it easier to prosecute people who evade taxes by hiding money offshore..
The Times:” Why the New Isa may not be much nicer”. George Osborne grabbed the headlines in his recent budget with the most radical overhaul of individual savings accounts (Isas) since they were introduced in 1999.
The Times:“Chief executive blows final whistle on tax-avoidance firm”. One of Britain’s biggest providers of alleged tax-avoidance schemes has closed for new business. Future Capital Partners, which said it had made more than £7 billion of tax-efficient investments for clients, including Sir Alex Ferguson, the former Manchester United manager, has lost a series of high-profile tax cases since 2012.
The Times:“Savers given extra year to dodge annuities”. Hundreds of thousands of savers who signed up for an annuity before the budget have been granted a reprieve that will allow them to take full advantage of the new pensions freedoms, the Treasury has confirmed.
The Times:“NEST embarks on pension rules review”. The National Employment Savings Trust is working on plans to enable its one million, and rising, pension savers to take advantage of new freedoms announced in the budget.
The Times:” How you can shun annuities and prosper”. Investors who plan to shun annuities following George Osborne’s radical shake-up of pensions will have to forgo traditional advice and rethink their investment tactics.
The Times:“Brokers slow to highlight pension rules”. ANNUITY websites are failing to warn customers about sweeping pensions changes almost a month after they were announced in the budget. Pension savers aged over 55 will now be able to take their retirement savings as they please, beginning in April next year.
The Times:“Anger grows over annuity refunds”. Many pensioners face a battle to benefit from the chancellor’s reforms
The Telegraph:” Three routes to ‘Isa millionaire'”. The new £15,000 limit will make it easier to build a £1m Isa. We outline three routes to get you there, from low-risk to racy
The Telegraph:” Pension ‘freedoms’ denied to savers with work guarantees”. Some savers may find their money trapped in their pension scheme
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 newpapers 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 Techlink users, thus our only option is to put a direct link to the article on the newpapers 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.
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