£2000 NI relief cap on pension salary sacrifice from April 2029 (confirmed)

Cobbler_tone

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Agree the devil is in the detail and not sure if all of the supporting information will be available today. Not forgetting there is a tendency for changing their mind.
My biggest personal fear is the continued impact on employers and the knock on impact in 3,6,12 months time. 

Areas like the frozen tax bands don’t impact my thinking and any changes to SS are too late in the day to make a difference. 

Getting tougher for the young uns though.

westv

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions (although I am not expecting much there apart from the rumours already discussed)), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Maybe there will be nothing pension related to discuss?

Grumpy_chap

westv said:

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions (although I am not expecting much there apart from the rumours already discussed)), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Maybe there will be nothing pension related to discuss?

It must be Rudolph's day off as I just saw some flying pigs towing Santa's sleigh 😉

BlackKnightMonty

Cobbler_tone said:

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Agree the devil is in the detail and not sure if all of the supporting information will be available today. Not forgetting there is a tendency for changing their mind.
My biggest personal fear is the continued impact on employers and the knock on impact in 3,6,12 months time. 

Areas like the frozen tax bands don’t impact my thinking and any changes to SS are too late in the day to make a difference. 

Getting tougher for the young uns though.

Another year of triple lock is adding to the bitterness.

artyboy

BlackKnightMonty said:

Cobbler_tone said:

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Agree the devil is in the detail and not sure if all of the supporting information will be available today. Not forgetting there is a tendency for changing their mind.
My biggest personal fear is the continued impact on employers and the knock on impact in 3,6,12 months time. 

Areas like the frozen tax bands don’t impact my thinking and any changes to SS are too late in the day to make a difference. 

Getting tougher for the young uns though.

Another year of triple lock is adding to the bitterness.

That must be why the FSCS limit is going up, so that all those greedy oldies have a safe place to store their piles of cash. At least until their next round the world cruise.

NoMore

westv said:

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions (although I am not expecting much there apart from the rumours already discussed)), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Maybe there will be nothing pension related to discuss?

Doesn’t matter as this thread and the various others show nobody sticks to the topic anyway and it degenerates into a general budget discussion thread and not specific to things to do with pensions. 

I hate the run up and then the actual budget threads. I wish the admin would have a single thread in a general area somewhere for all the budget threads to avoid this. 

BlackKnightMonty

NoMore said:

westv said:

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions (although I am not expecting much there apart from the rumours already discussed)), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Maybe there will be nothing pension related to discuss?

Doesn’t matter as this thread and the various others show nobody sticks to the topic anyway and it degenerates into a general budget discussion thread and not specific to things to do with pensions. 

I hate the run up and then the actual budget threads. I wish the admin would have a single thread in a general area somewhere for all the budget threads to avoid this. 

You don’t have to read them, or post about them. :-)

Cobbler_tone

I hope the NI charge is applied and taken from the pension contribution and not after. Will make life a lot simpler.

MeteredOut

BlackKnightMonty said:

Cobbler_tone said:

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Agree the devil is in the detail and not sure if all of the supporting information will be available today. Not forgetting there is a tendency for changing their mind.
My biggest personal fear is the continued impact on employers and the knock on impact in 3,6,12 months time. 

Areas like the frozen tax bands don’t impact my thinking and any changes to SS are too late in the day to make a difference. 

Getting tougher for the young uns though.

Another year of triple lock is adding to the bitterness.

Not to those who recognise that it will benefit their future-self. I accept some people do love to wallow in bitterness though, especially if it helps advance their ability to engage in a bit of intergenerational blame.

onomatopoeia99

artyboy said:

BlackKnightMonty said:

Cobbler_tone said:

JoeCrystal said:

Cobbler_tone said:

Grumpy_chap said:

On the subject of budget speculation, can anyone explain to me why the state pension change, NMW and sugar tax changes (EDIT: also change to carers allowance cliff edge) have been formally announced / confirmed today and not included as part of the Budget which is the natural place for tax and spending matters to be confirmed?

TBF most of the budget is public now, so maybe they wanted to soften things ahead of time with a smattering of ‘good’ news.
Not expecting many/any curve balls that haven’t been reported by the reliable BBC.

Not really the case to be honest, there are still a lot left to be announced (especially whatever Bell come up for pension provisions), but the most important documents are not the budget but all the briefing papers and background notes that come with it since it is the small details that matter. Hopefully we will be 'permitted' to discuss the budget's impacts on pensions and retirement provisions today as who know, maybe it is too political!   

Agree the devil is in the detail and not sure if all of the supporting information will be available today. Not forgetting there is a tendency for changing their mind.
My biggest personal fear is the continued impact on employers and the knock on impact in 3,6,12 months time. 

Areas like the frozen tax bands don’t impact my thinking and any changes to SS are too late in the day to make a difference. 

Getting tougher for the young uns though.

Another year of triple lock is adding to the bitterness.

That must be why the FSCS limit is going up, so that all those greedy oldies have a safe place to store their piles of cash. At least until their next round the world cruise.

My 87 year old mother worries about the FSCS limit with her six-figure ISAs in a couple of different building societies, but was relieved she would still get the winter fuel payments as "she needs the money".