The Chancellor’s latest budget paves the way for DB schemes to use surplus funds to make direct payments to pensioners. The current Pension Schemes Bill 2025 includes provisions to change the law,...
The chancellor’s decision to restrict salary sacrifice on contributions of more than £2,000 a year could cost the largest employer £1.5m a year. This figure is from modelling by Hymans Robertson, looking...
The Chancellor has avoided a negative reaction from the bond market to the Budget she presented to parliament today, with both 10-year gilt and 30-year gilt yields falling slightly. Thirty-year gilts rose...
People living abroad will no longer be able to buy cheap access to a UK state pension under measures announced in the Chancellor’s Budget today. The government is closing loopholes in current...
Chancellor Reeves has confirmed that pensions accrued before 1997 in the Pension Protection Fund and the financial assurance scheme will be indexed for inflation. In her second Budget speech, she said: "I...
The freeze on income tax thresholds and triple lock increase mean state pension will exceed the £12,500 nil rate band by 2027, but a new assessment process means this will not result...
Chancellor Rachel Reeves has increased the tax rate due on savings interest, dividends and property income. In today's Budget she announced that these will all be increased by 2 percentage points, at both...
The pension and savings industry has expressed release that there were not more significant raids on pensions in the Budget, beyond widely-trailed changes to salary sacrifice. Prior to the Budget there was...
The Chancellor Rachel Reeves has confirmed that income tax thresholds will be frozen beyond 2028 to the 2030/31 tax year. Freezing thresholds for a further three years will raise significant sums for...
Chancellor Rachel Reeves has announced a cut to the cash ISA allowance as part of wider efforts to unlock capital for UK growth. The total ISA allowance will remain at £20,000, but...
