Tag: Pension latest
Fears Rachel Reeves is plotting ‘pension death tax’ as Chancellor looks to scrounge cash
A pension inheritance tax reform has been described as a possible “low-hanging fruit ready to be picked.” …
The one pension rule Rachel Reeves wouldn’t dare to touch after winter fuel fiasco
Speculation about cuts to tax relief is growing ahead of November’s Autumn Budget. …
‘I grew my pension pot by £11,000 in just 8 months – without paying a penny more’
Scott Dixon boosted his pension savings by taking a “calculated” risk. …
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. …
Investing an extra £20 a month could boost your pension by £100,000 – here’s how
Small increases in pension contributions can significantly boost overall savings by thousands. …
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 …
The common pension mistake that could cost up to £1.2bn and force you to work years longer
The worrying issue could cost pensioners “billions of pounds more” when the pension dashboards are introduced. …
