Tag: pension
Brits could end up paying up to £21k more tax in 2025 – 5 ways you can slash your bill
If you plan on buying a house next year, and/or stand to inherit some money, you could end up paying an estimated £21,071 extra in tax. …
DWP issue state pension Triple Lock update amid ‘fears it will be replaced’
The DWP issued an update on the future of the Triple Lock for state pensioners. …
Pension expert explains how to turn £400 into £32,970 retirement savings
Contributing a small amount can see savers benefit “hugely”, an expert has said. …
DWP Friday update on Winter Fuel Payment and Triple Lock as £300 paid to pensioners
The DWP issued an update on the state of the Winter Fuel Payment and the future of the Triple Lock on Friday. …
Pensioners face huge tax raid that could see them lose 64 per cent of pension pots
An exemption that allowed elderly people to pass on a pension pot free of inheritance tax if the holder died before the age of 75 has been removed. …
Overseas retirement dream for pensioners threatened by budget tax change
Changes in the budget mean retirees can no longer take two separate cash lump sums from their nest eggs free of tax or a charge …
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. …
HMRC National Insurance warning to boost State Pension before 2025 deadline
HMRC says people risk missing out on higher State Pension payments over gaps in their National Insurance records …
DWP urges one group to make claim before deadline to receive £3,900 and Winter Fuel Paymen
The recent eligibility change to Winter Fuel Payments means that Pension Credit claimants will automatically qualify for a payment of up to £300 …
Expert warns people they have 30 days to reverse pension mistake
Savers looking to return tax-free lump sums back to their pensions may have to act quickly. …
