Tag: Pensions news
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. …
Rachel Reeves accused of new error over £425 billion pensions reform
The planned LGPS overhaul is part of a wider agenda to push British pension money into UK infrastructure and growth projects …
Rachel Reeves’ £50bn pension plans are ‘dangerous and misguided’
Critics accuse Rachel Reeves of risking savers’ money in a bid to turbocharge Britain’s sluggish economic growth. …
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. …
Pensioners set to lose £35,000 each after Rachel Reeves decision
The decision could be “hugely detrimental” to people’s futures, an expert has said. …
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. …
