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...
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...
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...
