Tag: pension tax
‘There are options’ pension expert shares hope for savers amid inheritance tax change
Pensions are losing their inheritance tax-free status, but Brits don’t have to fall victim as one expert shared the ‘key first step’. …
Over 55s warned they could face a tax ‘shock’ on their retirement income
Thousands may be unaware of the tax implications of their retirement income. …
Families could pay up to 70.5% tax on unused pension funds after Reeves’s Budget
The new pension policy set to take effect will have a “massive” impact on families and their estate planning, an expert has said. …
Inheritance tax warning to pensioners after 2027 deadline issued
Inheritance tax changes are coming that pensioners will need to be aware of, experts say …
National Insurance tax raid warning as expert warns Rachel Reeves could close ‘loophole’
Rachel Reeves is expected to target pensions in a potentially roundabout way after assuring other working taxes are safe …
HMRC to send out 700,000 letters to pensioners with ‘£665’ tax demand
A large number of people will receive an HMRC letter this year – and many will be told they owe tax for the first time in retirement …
Labour plotting stealth tax raid on pensions – but there’s one thing it will never do
As the autumn Budget looms, PM Keir Starmer and chancellor Rachel Reeves have got their greedy eyes on our pension savings. But there’s one line they won’t cross. …
‘Messy’ pension rule change allowed Brits to move over £1billion overseas without tax bill
A unique loophole allowed thousands to shift their pension savings overseas without the lifetime allowance tax charge. …
State pension warning as retirees might need to start ‘paying tax on a benefit’
A predicted rise to state pension could see countless more retirees sending part of their retirement to HMRC in tax bills …
