Although the Autumn Budget is still more than four weeks away, rumours are rife that the Chancellor is contemplating an overhaul of the tax incentives available to pension savers. Perish the thought. No doubt, more complexity and greater confusion to put people off saving into a pension altogether. ...read
Jeff Prestridge for The Mail on Sunday's recent articles
JEFF PRESTRIDGE: The tax system must be simpler, fairer and easier to understand - not a lottery
Tax is a necessary evil which most of us pay somewhat grudgingly. In theory, the more we earn the greater the tax that is taken from our pockets. Fair game. Yet, a reluctance among politicians to tinker with the income tax rates that apply to basic and higher rate taxpayers has created pockets of unfairness in the taxation system. ...read
JEFF PRESTRIDGE: Bring it on! Change at last for our funds - with better deals for us in the pipeline
The fund management industry, responsible for looking after our cherished Isas and pension funds, has had it too good for too long. It has made itself and its employees seriously rich at our expense by charging us a fortune for having our investments managed by them. Admittedly, sometimes managed well but often indifferently – and occasionally, appallingly. Its cup runneth over. Thankfully, the industry is in the throes of change which should result in investors getting a better deal. About time too. A spotlight on fund charges (too high) and regulatory intervention (some of it stemming from Europe) is triggering a revolution. The fund management industry is in the throes of change which should result in investors getting a better deal ...read
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