Tag: pension news
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 …
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 …
Two million people heading for pension crisis as Brits warned of ‘collapsing savings’
Millions could retire with just £15,000 a year to live on because their pension pots will be left empty, a report warns. …
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 …
