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, October 06, 2014
ARTICLES
FINANCIAL TIMES
Financial Times:” Nail in the coffin of the ‘death tax'”. The pension’s revolution continues. The industry was taken by surprise this year, when George Osborne, the chancellor, announced in his Budget speech that the effective requirement to buy an annuity was to be abolished in April 2015. Now, Mr Osborne has acted to remove another anomaly in the pension system, and in so doing has gone much further than most observers expected. Click here to go directly to the article
Financial Times:” Older workers desert pensions”. Nearly one in three older workers are missing out on free money from their employer for their retirement by opting out of a company pension, according to new research.
Click here to go directly to the article
Financial Times:” Tax probes into wealthy foreigners stepped up”. The UK tax authority has significantly increased the amount of extra money it obtains from highly paid foreign professionals, having stepped up interrogation of their tax affairs. Click here to go directly to the article
THE TIMES
The Times:” Children to benefit from pension as ‘death tax’ dies”. Savers will be able to leave more of their money to their beneficiaries when they die after the chancellor announced last week that a 55% tax rate will be scrapped.
Click here to go directly to the article
The Times:” Scottish reforms turn the spotlight onto stamp duty”. Scotland’s plan to rip up the stamp duty rules highlights the unfairness of a ‘perverse’ system that remains in place in England, according to experts.
Click here to go directly to the article
The Times:” Court orders Spanish inheritance tax pay-out”. Britons who have inherited a Spanish property could be in line for a €600m (£470m) tax rebate after a European Court of Justice ruling.
Click here to go directly to the article
The Times:” At last, PM promises to lift the iniquitous 40p tax threshold”. THE growing absurdity of trapping ordinary people in the higher-rate tax bracket has long been clear to everyone other than politicians. Nobody who earns £41,865 — where the 40p tax band begins — would consider themselves part of the wealthy elite. They are not badly off, but neither are they rich enough to educate their children privately, buy a second home and enjoy several foreign holidays a year.
Click here to go directly to the article
The Times:” What tax reforms mean for your finances”. The ‘squeezed middle’ could find itself less well-off than it might imagine over the next few years despite promises of tax cuts, analysts have warned, arguing that recently proposed policies could cancel each other out or affect very few people. Click here to go directly to the article
THE TELEGRAPH
The Telegraph:” Pensions vs Isa’s: end of ‘death tax’ changes the sums “. The latest stage of the pension’s revolution – the scrapping of the ‘death tax’ announced at the Conservative Party conference last week – has made pensions a much more attractive way to save.
Click here to go directly to the article
The Telegraph:” Landmark ruling brings hope for British expats with ‘illegal’ Spanish properties”. Thousands of Britons who were duped into buying illegally built properties in Spain have been offered fresh hope after four British families were awarded more than £140,000 compensation in a landmark ruling.
Click here to go directly to the article
The Telegraph:” 25pc lump sum? Some can get 100pc of a company pension tax-free”. Thousands of pre-2006 company pension plans allow retirees to enjoy bumper tax-free lump sums of up to 100pc. But if they also want to enjoy the new pension freedoms, these savers need to get their pensions in check before April 2015.
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 Techlink 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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