Taxation

The number of savers breaching their lifetime allowances appears to have fallen  over the past year according to the latest HMRC data. In response to a freedom of information request, HMRC revelled...

HMRC has paid back more than £900m in overpaid tax to savers who have made ‘flexible’ withdrawals from their pensions under Pension Freedom rules. Figures published today help show the total amount...

One of the less well-known threats from the current inflation shock is its likely impact on the Lifetime Allowance (LTA). Pay packets are expected to grow as demand for increases surge in...

The pensions industry is calling for a review of pension taxes and allowances as part of the new chancellor’s pledge to simplify the UK tax regime and stimulate growth. The new chancellor...

The new Prime Minister will be announced next week. The biggest question is what support will be offered to households and businesses facing often catastrophic increases in energy bills. However, both candidates...

Despite the state pension rising by 3.1 per cent today, pension experts warn that the value of this benefit will decline in real terms with inflation currently rising at twice this rate....

The Department of Work & Pensions have revealed it is working to correct a series of state pension errors, the majority of which it has not publicy revealed before. The problems came...

Pension tax relief could be simplified as part of the Chancellor’s forthcoming  tax plan, announced it today’s Spring Statement.  Announcing the outline of this plan, Rishi Sunak said he wanted to make...

Chancellor Rishi Sunak confirmed his intention to relax the DC charge cap on pensions to help encourage more investment into illiquid assets, such as private equity and infrastructure. This  announcement was contained...

The Chancellor’s £3,000 increase in the national insurance threshold — aligning it with the level at which people start paying income tax — will help many lower- and middle-earning families facing a...