Pension savers have now reclaimed £1.2bn in tax overpayments since pension freedom rules were introduced in 2015. Latest figures from HMRC show that 12,000 savers reclaimed tax during the last quarter of...
The government continues to rake in record amounts from insurance premium tax (IPT) as latest HMRC figures show it collected a total of £2.1bn in the third quarter the current financial year. ...
Half of firms offering retirement advice have seen increased demand for their services as a result of changes in pensions tax allowances. These changes include the abolition of the lifetime allowance increase...
SPONSORED CONTENT As we head into the new year, now’s a great time for members to approach their finances with a fresh perspective. Here’s how your clients can help boost members’...
A new tax band for higher earners in Scotland are likely to make increased pension contributions more attractive, to help offset these increases. The Scottish devolved government announced a new ‘advanced’ tax...
SPONSORED CONTENT As finfluencers start filling up people’s social media feeds, is what they’re saying too good to be true? Here are the key pitfalls that members should watch out for –...
The amount of money HMRC has refunded on pension withdrawals has doubled in the space of a year, as pension savers continue to be hit with unnecessary tax penalties. Figures release by...
Only the poorest pensioners stand will see the full benefit of the 8.5 per cent increase in the state pension expected next year, under the terms of the triple lock. This should...
Benefits provided by not-for-profit healthcare providers are saving the nation’s around £1bn a year in NHS and welfare funding, according to a new report. Analysis by actuarial consultants OAC, part of the...
Across the defined contribution pension market, over 12 million deferred pension pots worth less than £1,000 are no longer being paid into. These small-value pension pots are said to total £4bn...
