Tag: pension
New £1,000 rule for pension pots as Reeves launches radical shake-up
Ministers insist the Pension Schemes Bill, unveiled today, will deliver “bigger pots” and “better value” for retirement savers …
Millions of pensioners face harsh tax blow in 2025 after ‘freeze’
The Personal Allowance is set to remain frozen until 2028. …
Major pensions update as millions set for ‘retirement savings boost’
The Pension Schemes Bill aims to create “bigger and better pension funds” and combine smaller pension pots. …
Pensioners can avoid ‘unexpected’ HMRC bill by spending £1
HMRC will send letters to pensioners with an unexpected bill – but you can avoid it by spending £1. …
Exact amount you need to retire – and it might be good news for many
The Pensions and Lifetime Savings Association sets three different lifestyles to give people a general indication of what they may be on track for in retirement. …
Couples on State Pension given £1,600 warning
The figure, which relates to income after tax is deducted, is up £1,600 from last year …
Pensioners in three council tax bands could get their Winter Fuel Payments reinstated
The Prime Minister has hinted that the means-testing threshold will be lifted so that more pensioners can receive the money. …
State pensioners born in these years urged to get extra £5,496
State pensioners born in these years can claim a maximum of £5,496 extra per year. …
Workers could lose £560 each year in HMRC tax loophole change
Workers face losing £560 each under proposals put forward by HMRC to end two legal methods to avoid tax. …
HMRC could owe hidden fortunes worth £2,200 to hundreds of thousands
HM Revenue and Customs has confirmed that many thousand of people aged between 18 and 22 have unclaimed savings accounts …
