Tag: pension news
Pensioners face mortgage crisis over £100,000 cap on lump sum
Chancellor Rachel Reeves is rumoured to be planning to cut the figure people can take from their pension nest eggs free of tax from the current £268,750 …
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 …
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 …
