Tag: pension news
Retirees warned of ‘big cost’ as pension withdrawals trigger massive tax bills
Nearly a third of over 55s lack confidence in pension withdrawal options, risking hefty tax bills. …
Pension savers urged to make vital check as could be owed £23,125 boost
Billions of pounds are currently laying dormant in “lost” pension pots. …
Pensioners hit with £7,550 warning as Hargreaves Lansdown issues urgent alert
Sales of annuities, which offer people to use their pension pots to buy an income for life, have skyrocketed by 24% in the last year. …
2.3 million people could be missing out on £350,000 pension boost – can you claim?
Some pension savers may not be aware they are owed tax relief. …
Pension warning as thousands face £50,000 hit to savings
The change, set for 2030, will have a significant impact on pensioners. …
Millions UK pension savers could be at risk from US tech sector decline
The sharp decline in tech stocks sparked concerns within the pension industry. …
Rachel Reeves is cooking up a truly disastrous plan for your pension
Rachel Reeves should rethink her inheritance tax proposals on pensions, writes Baroness Ros Altmann. …
Victory for pensioners in £1.4 billion HMRC tax overpayments scandal
As many as 470,000 people have lost vital income totalling £1.37 billion, which then had to be reclaimed, because of flaws in the HMRC tax collection system. …
Seven big pension changes coming in 2025
Seismic changes to the pension framework, particularly around inheritance tax, have arrived thick and fast in recent years. …
‘I’m a pensions expert – four ways completing a tax return can help boost your savings’
Completing a tax return could unlock unexpected pension benefits, an expert has said. …
