Pension tax relief cost the Government £78.2bn last year, according to new HMRC statistics — causing speculation that the Chancellor may look to restrict this in the next Budget. This is the...
HMRC repaid £48.7m in tax wrongly taken on pension withdrawals in the second quarter of 2025 — despite introducing new systems to address this problem. These overpayments related to more than 12,000...
The future of Lifetime Isas hangs in the balance after an influential parliamentary report said they were overly complex, fail to support good financial decisions and are not ‘working as intended’, throwing...
Penfold has reported an significant jump in employers enquiring and switching to salary sacrifice pension options, in the wake of the rise in national insurance contributions. The government raised employer NI rates...
Brits reclaimed £44 million for overtaxation on pension withdrawals in the first quarter of 2025, according to the latest HMRC figures. According to the data, over 15,000 reclaim forms were processed during...
The government collected record receipts from insurance premium tax and inheritance tax in the last year, according to the latest HMRC update. Its figures show the IPT tax receipts stood at £8.88bn...
Government receipts for both inheritance tax and insurance premium tax have reached record levels, according to new HMRC data. Its figures show that IHT receipts for the first 11 months of this...
Standard Life says it has seen increased demand for offshore bond last year, in part due to the proposed IHT reforms to pensions. Standard Life says saw a 56 per cent increase...
Broadstone says it is supportive of the government’s aim to include pensions with inheritance tax, in order to ensure they are primarily used to generate income in retirement, rather than as a...
SPONSORED CONTENT We believe using direct contribution (DC) pension fund investments to help tackle the UK’s housing shortage could be the way to the hearts of retirement savers when it comes to...
