Pensions

This was not mentioned in the Budget speech itself, but the following paragraph does appear in the supporting HM Treasury Summer Budget 2015 document: “Salary sacrifice arrangement can allow some employees and...

Of those that intend to pay more than the minimum, 17 per cent say they plan to pay more than the minimum from the outset with a further 13 per cent stating...

A survey of 158 intermediaries by Corporate Adviser Intelligence shows on average, advisers think drawdown is suitable for 47.5 per cent of employees in schemes they oversee, but 73.8 per cent are...

Sanlam UK says the increase in IPT from 6 per cent to 9.5 per cent announced today will present challenges to employers already grappling with steep medical inflation, potentially leading to restrictions...

Papers published with today’s Budget confirm that employer and employee pension contributions will also be included when assessing eligibility for tax relief, meaning those earning less than £150,000 will also be affected....

The reforms had been expected to take effect from April 2016. The Treasury has also confirmed that Pension Wise will be made available to all those over the age of 50. Partnership...

Chancellor George Osborne said the increases, from this year’s levels of £42,385 and £10,600 respectively, are down payments on Conservative goals of a higher rate threshold of £50,000 and a basic rate...

The Chancellor has launched a consultation into moving from an exempt, exempt, taxed (EET) structure to a taxed, exempt, exempt (TEE) structure, which would enable to bring forward savings of several billion...

The standard rate of IPT is currently 6 per cent. Experts have predicted that such an increase in IPT, which covers all forms of insurance contract, could trigger more organisations to opt...

But the report, from Greenwich Associates, also warns that new rules now under discussion in Europe governing asset managers’ use of trade commissions to pay for research could cause investors to cut...