People drawing pensions 'lexibly'
might be caught by new 'less flexible' rule on further pension saving
FOLLOWING an announcement in the Autumn
Statement, a consultation has been published on reducing the pensions
'money purchase annual allowance' from £10,000 to £4,000.
This means that those people who have drawn money from their pension pot will
not be able to put more than £4,000 a year back into a pension from April 2017
Robin Williamson, Technical Director of the Low Incomes Tax Reform Group, said:-
"We understand that the Government is keen to dissuade 'tax-free cash
recycling' which might mean that people seek to get further tax relief on money
they have just taken out of a pension.
But with pensions freedom, an individual might decide to take money out of their
pension (currently allowed at age 55) – for example, to pay off their mortgage
or other debts. They might then decide to use their new-found surplus in
disposable income to put money back into pensions to provide a nest egg for
their old age when they eventually decide to reduce their hours or stop working.
The money purchase annual allowance of £10,000 is unlikely to catch out too many
people who might do this. But reducing it to £4,000; equating to savings of
£333 a month; is much more likely to cause problems for these people;
especially if thinking about it in terms of someone choosing to save money they
might have previously been paying on a mortgage."
Lord Mayor of Liverpool
takes to the dance floor for Charity
CLLR Roz Gladden; Lord Mayor of
Liverpool joins 10 amateur dancers to compete for the Judges Award at Strictly
Nugent, at Liverpool Town Hall, on Saturday, 26 November 2016.
This inaugural Strictly Nugent event will see 11 amateurs partnered up with a
trained dancer to showcase dances from the last 135 years and is sponsored by
Roz Said:- "I'm very excited to be dancing in the Ballroom at Liverpool's
Town Hall, a dream come true, but most of all I'm proud to be able to support
Nugent in its valuable work helping the most vulnerable people in the City."
The event has been organised by Nugent to raise vital funds for vulnerable
children and adults across Liverpool.
The 11 Dancers will be competing for 2 Strictly Nugent Champions Awards; The
Judges' Winner and The Audience's Winner.
They'll be dancing a variety of classics, including:- the Cha Cha Cha, Lindy Hop,
Quick Step, Charleston and Waltz.
The MC's for the night are Adam Partridge from BBC's Flog It and Nugent's
Fundraising Manager Marie Reynolds.
Giving Len and Darcy a run for their money will be our very own team of Judges:-
Cllr Tony Concepcion – Councillor and former Lord Mayor
Frankie Conner – BBC Radio Merseyside presenter
Karen Gallagher – CEO of MDI (Merseyside Dance Initiative)
Normandie Wragg – Nugent CEO and Chair Mersey Swing CIC
Tickets are sold out, but the event will be streamed Live through Nugent's
Facebook Search for wearenugent.
Children's charity launches
new online support for young people
WINSTON'S Wish, the charity for
bereaved children and teenagers, is delighted to announce its new online support
for young people. The launch of #Help2MakeSense sees a video campaign, new young
person's website and social media campaign aimed at making bereavement advice,
support and information more accessible for young people.
The launch marks the end of Children's Grief Awareness Week, which aims to raise
awareness of grieving children in the community. The new young person's
website, sees a refreshed
approach to providing information and access to support for young people and
The campaign is supported by a new video, highlighting the confusion and
difficulty young people face in coming to terms with their grief. It tells the
story of Nicole, who faces confusing situations following the death of her
father. This is a typical situation for a young person to find themselves in
after a significant loss and it can be hard for them to make sense of their
Winston's Wish aims to raise awareness of this issue through the campaign and to
encourage young people to access support following bereavement.
Over 41,000 children are bereaved of a parent every year in the UK. The
transition from childhood to adulthood can be a challenging process at the best
of times. Studies show that if childhood grief is not dealt with appropriately
it can have a deep and lasting effect on a child's emotional well being and
potentially cause problems later in life.
The launch of the new resources for young people follows the launch of a new
Freephone national helpline from Winston's Wish, which aims to make bereavement
support more accessible for young people and their families.
Help2makesense.org.uk replaces the old For Young People website, from Winston's
Wish. Sacha Richardson, Director of Family Services at Winston's Wish, commented:-
"It was really important for us to update our services for young people and
to make ourselves more accessible for them. Making sense of bereavement can be
extremely difficult and confusing for young people, so we hope that our new
campaign not only highlights this but makes it easier for them to access the
support they need."
The Winston's Wish Helpline can be called on:- 08088 020 021 and is open Monday
Friday, from 9am to 5pm. Calls are free and confidential.
2 males have been charged with the murder of
MERSEYSIDE Police have confirmed this
week that 2 males have been charged with the murder of Stephen Essery. They have
since been have been remanded in custody to appear for trial in May 2017.