Blogs

  • Easing the Squeeze on Net Pay savers and those hit hardest by Covid-19

    13/10/2021

    This Budget we need to get rid of the quirks in pensions tax relief so that 1.5m low earners who have been missing out can automatically qualify for it and people who have had to use their pension savings during the pandemic are not penalised for paying the money back.

  • OECD/G20 International Tax Project reaches crucial point

    11/10/2021

    The ABI’s Budget submission sets out how Government has a chance to grasp the nettle of reform and create a complementary tax and regulatory framework that drives competitiveness, attracts overseas capital and promotes the UK as a place to invest, innovate and inspire. Here, Mervyn Skeet, the ABI’s Head of Taxation, writes about the latest discussions on the OECD Inclusive Framework and the impact for the UK insurance industry.

  • From 55 to 57 in the most complicated way possible

    14/09/2021

    ABI is calling for a simpler approach when the Government delivers its planned increase of the age that you can first access your pension from 55 to 57. The proposals will cause enormous confusion for pension savers navigating the already complicated UK pension system. Tax Adviser Dan Gallon explains just how badly the proposed changes to NMPA will impact pension savers.

  • The Future is Not Set

    06/09/2021

    As we look to the economic recovery, David Jordorson looks at the choices facing the Government and the implications for tax.

  • Health and taxation policies need to align if we truly want to build a healthier workforce

    23/07/2021

    Whilst the Health is Everyone’s Business green paper recognises the value of insurance in managing workplace health, it raises questions about HMRC’s approach to the taxation of Group Income Protection policies.

  • The insurance and long-term savings industry’s tax contribution to the UK economy

    08/02/2021

    How much of government revenues is the insurance industry responsible for, and which taxes make up the majority of the contribution?

  • Why pensions tax relief change needs consultation and consensus

    07/07/2020

    Following last week’s publication of a briefing note by the Pensions Policy Institute (PPI) on pension tax relief, our taxation policy adviser, Dan Gallon has blogged on the background to the…