Finance in the News – w/c 04.11.19

Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.

FINANCIAL TIMES

“Is a million pounds enough to retire on?”
Will your pension and investments keep you in the style to which you have become accustomed?
“Trapped Woodford fund investors weigh their options”
Search is on for a new manager to take over Income Focus fund.
“UK tax system too difficult for landlords and self-employed”
HMRC should ask companies for earnings data on landlords and self-employed, suggests OTS.
“Gender pay gap narrows substantially — for some”
Difference in average pay for under-40s now close to zero.
“Freelancers fear HMRC more than Brexit”
Contractors feel tax authority sees them as a ‘soft target’, survey finds.
“How much do you need to retire on?”
Moira O’Neill from Interactive Investor joins the podcast to talk through the numbers.

THE TIMES

“The risks of cashing in your pension to become a buy-to-let landlord”
Experts fear that spending all your retirement savings on property to rent out could be disastrous.
“HMRC ‘doesn’t have time’ to investigate offshore account tip-offs”
So much information is flowing into HMRC that it relies on speculative letters to taxpayers
“The pension gap — stopping work to raise children may cost you £65k”
Parents are missing out on vital pension contributions.

THE TELEGRAPH

“History tells us even the Brexit election will be won on the battleground of tax policy”
Jeremy Corbyn launched Labour’s general election campaign in south London last week promising to take on the “dodgy landlords”, “bad bosses”, “big polluters” and – of course – “the tax dodgers”.
“Pension savers ‘could miss out on £25bn’ because of regulator’s stance on transfers”
Rules designed to restrict the number of people who cash in their final salary pensions could mean savers miss out on £25bn, according to a specialist.
“Why this is the one election investors can’t ignore”
As the country heads to the polls for the third time in four years, savers will be pondering the outlook for their portfolios. The reason for the subtleties is that there is no evidence of any concrete link between the occupant of Downing Street and investment returns.

THE GUARDIAN / OBSERVER

“Ask the experts: home buying”
Will I have to pay capital gains tax on rental income when I sell my house?
“The housing crisis is at the heart of our national nervous breakdown”
If we built the houses we needed, the anxieties and fears that motivated the Brexit vote would at last recede.

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