....and what you need to know
Since 2006 the government has restricted tax efficient pension savings by applying a 'lifetime allowance'.
If the total value of all your pensions exceeds the allowance you, or your beneficiaries, could face a tax charge.
Read MoreThere is still confusion about the State Pension, and with the introduction of the single tier pension we thought it might be useful to clarify the changes:
• The single tier pension was introduced from 6th April 2016. If you were already over State P…
Read MoreWell Andrew Haldane seems to think so!
My usual morning scan of my generic news app led me to an interesting article this morning. The Bank of England's Andrew Haldane says he cannot make "the remotest sense of pensions" and many experts "have no clue…
You may have noticed coverage in the press that the annual allowance for pension contributions – ‘pension input amounts’ – will reduce from £50,000 to £40,000 for the next tax year… having already reduced from £255,000 to £50,000 in April 2011.
The pr…
Read MoreIn a report published in the last couple of weeks by the Pensions Policy Institute director Chris Curry says that there is “little evidence” the £35bn a year spent on tax relief on pension contributions actually encourages pension saving among low and …
Read MoreRecent research by insurance giant Prudential has claimed that thousands of people will retire into poverty this year. Almost 20% of people taking their state pension this year will be entering retirement on a total income of less than £8,254. (The le…
Read More
