Tag: pension 2024
Thousands of married women could get £10,000 pension payouts over ‘sexist’ red tape
The parliamentary ombudsman has launched an investigation into concerns that the women missed out on receiving a higher state pension …
Warning over your pensions as the number of people living to 100 surges
The number of centenarians in the UK has doubled in the past 20 years to almost 15,000 and is expected to rise to almost 400,000 over the next 100 years …
Wealthy workers face £80,000 hit to pension pot nest eggs in rumoured Labour raid
Chancellor Rachel Reeves is rumoured to be looking at scaling back rates of tax relief available on pension contributions made by people paid over £50,270 …
Warning tax raid on pension contributions ‘could deter savers’
Currently, workers on more than £50,271 can claim tax relief on their pension contributions at a rate of 40 percent, which matches the income tax rate payable. …
UK households face possible Labour £65k inheritance tax on pensions under new proposal
Brits could be hit with a new death duty from October, as Labour eyes up inheritance tax as a way to help plug the £22bn black hole left by the Tories in the Cost of Living crisis …
Move to cap tax-free pension lump sum to £100,000 could cost retirees more than £70,000
Currently, workers can take out a maximum sum of £268,275 without paying tax, which many people count on to pay off debts, such as mortgages. …
State Pension back payments of £5,000 due for women in their 60s and 70s by end of 2025
The Treasury is working with the Department for Work and Pensions to correct any administration errors as quickly as possible and letters are being sent out …
