Taxation

Government receipts from inheritance tax continue to soar with HMRC collecting an additional £100m from this levy in the first quarter of the financial year. HMRC data show IHT tax receipts in...

Since pension freedom rules were introduced, 2.4m people have taken a taxable pension payment from their retirement savings before the age of 65, according to HMRC data. These figures do  not include...

Pension bodies are urging  HMRC to make changes to the way it is planning to collect IHT on unspent DC pension funds, warning current proposals risk creating delays and confusion for grieving...

HMRC is giving pension schemes insufficient time to prepare for changes which will bring pensions into the inheritance tax net next year, according to consultants LCP.  Their stark warning comes as HMRC...

Almost two third of workers in the UK currently use salary sacrifice - but the majority are unaware this will be restricted from 2029, according to new research.  Barnett Waddingham, now part...

There has been a huge spike in pension savers taking tax-free cash in the last two years, amid speculation that Labour Government would restrict this facility in its first two Budgets. ONS...

HMRC has confirmed transitional regulations for accessing pension funds for those who turn 55 in the next couple of years. But its proposed changes have been criticised by advisers who say they...

There is growing evidence wealthier savers are looking to protect large DC pots from inheritance tax, with pensions due to be included in the value of people’s estates from April 2027. Pensions...

More than one in four employers using salary sacrifice currently rely on the associated national insurance savings to fund additional pension contributions or other employee benefits, new research shows.  Employee benefits specialists...

The future of ESG within the pension industry is “genuinely in doubt” due to a political backlash in the US, according to former pensions minister and consultant Guy Opperman. This stark warning...