The pensions industry has welcomed the decision by the Chancellor not to make changes to how much cash people can withdraw from pensions tax-free. There has been speculation prior to today’s Budget...
In her first Budget the Chancellor Rachel Reeves has confirmed that pensions will be included within the value of estates for inheritance tax purposes. This change will be effective from April 2027...
The inflation-busting increases to the national living wage will have a positive impact on pension contributions for many employees. The government announced yesterday that the national living wage — now paid to...
The total value of lost pension pots now stands at over £32.1bn — a £4.5bn increase over the past two years according to new data from the Pensions Policy Institute (PPI). Auto-enrolment...
The Treasury collected record revenues from insurance premium tax (IPT) in the first half of this year, and has seen a strong increase in receipts from inheritance tax (IHT) and capital gains...
Millions of employees could face a poorer retirement if the Chancellor levies National Insurance on pension contributions in this month’s Budget, according to industry concerns. The Institute for Fiscal Studies estimates that...
We are weeks away from what could be one of the most momentous Budget statements for years. George Osborne’s bombshell 2014 Budget unleashed the pension freedom reforms – and transformed Britain’s personal...
It has been reported that the Chancellor Rachel Reeves will cut the maximum tax-free cash that can be taken from DC plans to £100,000 in this month's Budget, in a bid to...
The Pensions Management Institute and Schroders are calling for pension savers to be able to access funds early to purchase a first property. This recommendation is a key part of the Lifetime...
Chancellor Rachel Reeves is reported to have ‘stepped back' on plans to scrap higher rate tax relief on pension contributions. There had been significant speculation that Reeves might target pension funds in...
