Tag: Pension 2025
High earners could lose out on £50,000 under Rachel Reeves crackdown
At present, employees can use the scheme to pay up to £60,000 a year tax-free into their pension …
Pensions raid fear as HMRC moves to scale back tax breaks
The tax authority has launched research into salary sacrifice arrangements …
Taxman crackdown on pension perks for higher earners
The move follows an internal review which revealed widespread errors …
Rachel Reeves accused of new error over £425 billion pensions reform
The planned LGPS overhaul is part of a wider agenda to push British pension money into UK infrastructure and growth projects …
Major update for people with bank accounts and pensions announced
The Financial Conduct Authority says the changes are designed to plug a gaping “advice gap” that has left millions facing major financial decisions …
New £1,000 rule for pension pots as Reeves launches radical shake-up
Ministers insist the Pension Schemes Bill, unveiled today, will deliver “bigger pots” and “better value” for retirement savers …
Pensions ‘at risk’ under Rachel Reeves’ plan
The move would see current rules relaxed to allow employers to extract ‘surplus’ cash from final salary pension schemes …
Pension savers could be missing out on £76,000 as government does nothing
Experts warn that ministers are dragging their feet on changes to the automatic enrolment rules …
Lloyds walks away from Reeves £50bn pensions deal
Under the deal, 17 of the UK’s biggest workplace pension providers have pledged to invest 10% of their default funds in private markets …
