Taxation

Savers reclaimed £57 million in overtaxation on pension withdrawals in the second quarter of this year. Many people accessing their pension for the first time continue to charged too much tax on...

The money raised via inheritance tax rose by 4 per cent in the 2021/ 22 tax year according to latest HMRC statistics.  Figures show that while a marginally higher proportion of UK...

Pensions cost the Treasury £48.7 billion in the year ending 2023— an increase of £1.1 billion over the previous year, according to analysis of the latest HMRC data. LCP partner and former...

Axing the winter fuel payment for the majority of pensioners is equivalent to reducing the state pension by 3 per cent, according to analysis by campaigner and former pension minister Baroness Ros...

Reforming the taxation of pensions to remove upfront tax relief could net the Treasury up to £20 billion a year, without disadvantaging pension savers over the long term, according to new analysis...

Pension professionals aren’t usually seen as being natural born rebels, particularly those that have worked in the industry for 40-plus years, have sat on the boards of major providers and chaired government...

For the first time we have just seen how readily Keir Starmer and Rachel Reeves will drop ideology for practicality now that it is the government-in-waiting. Common sense has triumphed and the...

The government continues to collect record amounts of insurance premium tax, with £615m collected in the first month of this financial year. This figure is 12 per cent higher than the equivalent...

  How can we help Gen Z members take more notice of their finances? Here are three tips to help your clients boost member engagement amongst their younger workers. What makes Gen...

The government has collected a record amount from from insurance premium tax, with total receipts already surpassing those from last year, with one more month of the financial year to go.  Data...