Tag: Pensions news
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. …
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. …
Barclays warns ‘unnecessary’ pensions switch ahead of Budget could land you £160,000 bill
There have been reports the Chancellor could change pensions tax policy in the Budget. …
Pensions alert as Government warns this group will get ‘less than they were expecting’
Some pensioners face a reduction in how much they receive from their scheme …
Confidence in pensions dips as ‘painful’ Budget looms
The uncertainty has been picked up by the latest Pension Confidence Index …
