Tag: Pensions latest
Reeves horror as retirees pull billions out of pension pots over tax raid
A total of 672,000 pensioners took a record £5bn out of their retirement pots in the first three months of this year, figures show. …
State pensions update as Rachel Reeves tipped to tax ‘juicy target’
Pensions are a “juicy target” for the Chancellor as she desperately tries to get borrowing down …
HMRC explains pension rule as people may be owed cash
People can currently start to draw from their private pensions when they turn 55 …
Pension savers issued vital 2-week warning to claim ‘valuable’ tax relief
Some people could be owed “thousands” of pounds in pension tax relief because they’re unaware they need to claim. …
Finance expert issues dire warning pensions will ‘stagnate’
Investment in British industries could be hit by Rachel Reeves’ plans to create local government pension ‘megafunds’, an expert claims. …
Local councils spend a quarter of revenue on staff pensions
The average household is paying £230 a year towards the hugely generous pension schemes. …
HMRC warning over pensions payment as ‘you need to check this’
A taxpayer got in touch to query a £124,000 bill they thought they had unfairly been given. …
Rachel Reeves’s pension ‘megafund’ reforms savaged as ‘high risk, low return’
The Chancellor has claimed the pension reforms could unlock billions of pounds of investment in UK businesses. …
Rachel Reeves’ tax raid prompts spike in money-giving planning
One financial advisor has reported a “four-fold increase” in clients cashing in their tax-free pension portion to give to their children. …
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. …
