Cutting the Pension Annual Allowance

As some of you may be aware, I work in pensions so I tend to keep half an eye out for pension-related news.  I saw this article earlier today.

It seems to be the usual scare tactics to sell newspapers.  Apparently the government is thinking of cutting the annual allowance.  No quotes from anyone in government of course, and nothing concrete, just a lot of speculation.

There are two good reasons why I don't think that this will happen:

1. They only just cut the allowance from £225,000 to £50,000
2. The people most affected would be higher rate taxpayers, and most of them usually vote conservative.  Hitting them in the pocket would be a great way to lose votes.

 This sort of story just puts people off pensions for no good reason

Dropbox

Not sure if anyone even reads this, but if you do and you use Dropbox, I've put together a short guide on how to get over 8GB of free space at http://zelazny.co.uk/android/?p=78

If you don't use Dropbox, but have more than one computer, you really should check it out - it's very cool and easy to use :-)