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, September 29, 2014
Financial Times:” Chart that tells a story . . . mansion tax”. Ed Miliband, leader of the opposition Labour party, announced this week that an annual so-called ‘mansion’ tax would be levied on homes worth more than £2m, should the party win next year’s election. Zoopla estimates that about 108,000 residential properties currently exceed this threshold. To raise Labour’s stated target of £1.2bn, this would require an average annual tax equivalent to £11,111 for each home that qualifies.
Financial Times:” More rights for widows in intestacy revamp”. New rules governing the way estates are divided when someone dies without a will take effect next week, changing the balance between the claims of spouses and children.
Financial Times:” Government urged to act on pension’s guidance”. The government is being urged to make ‘strenuous’ efforts to ensure that pension savers retiring in April next year are given enough time to access free at-retirement guidance. Click here to go directly to the article
Financial Times:” Registration opens for state pension top-up”. People approaching retirement age can from October 12 register their interest in a new scheme which could boost their state pension income. Click here to go directly to the article
Financial Times:” Neither an annuitant or an investor be”. Neither an annuity nor income drawdown can be reliably predicted to deliver the best outcome for pension savers, according to new research. Click here to go directly to the article
The Times:” How will it work? The mansion tax questions”. The Times produces a series of questions and answers exploring Labour’s mansion tax proposals.
The Times:” Taxman gets new power to recover up to £17,000 from debtors’ salaries”. The taxman is to be handed extra powers to collect tax debts directly from a person’s salary before the money even reaches their bank account.
The Times:” The smart way to manage your pension “. Generating excitement about pensions is not easy but mention the alluring words ‘tax-free cash’ and you can guarantee that people will sit up and listen. The ability to take 25 per cent or more of your fund as a tax-free lump has always been one of the attractions of pensions, compensating for the displeasure that many people felt about using the rest of their fund to buy an annuity.
The Times:” Could you be a casualty of the pension revolution?” Giving over-55s the freedom to take their savings early may backfire
The Times:” Revealed: the real losers under Labour’s mansion tax scheme”. Pensioners could be forced to sell their homes and families will struggle to pay
The Telegraph:” George Osborne scraps the ‘death tax'”. George Osborne will announce plans to abolish a ‘death tax’ on pension pots saving people thousands of pounds they would otherwise have lost
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.
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