Rookie Chancellor Rishi Sunak was given a month to prepare for the Budget on March 11. Will Government top-ups into retirement savings pots be lowered to the 20 per cent basic rate for everyone?
Vanguard says the new self-invested personal pension scheme is designed to cut the ‘cost and complexity’ of saving for retirement.
One financial advice firm has told how its premiums rose from £3,700 in 2009 to £45,000 in 2019. Another adviser says premiums jumped from £22,736 in 2017 to £112,000 in 2018.
This case highlights how complicated the rules on final salary pensions can be to navigate. Find out what you should ask your scheme before triggering payments here.
With the smell of a spring Budget in the air comes the rumour of yet more restrictions on the tax relief available to boost our pension saving. But how will Mr Sunak treat pension savers?
My father plans to leave me £25k in his will while my younger brother inherits £5m – can I fight this?By Tanya Jefferies for Thisismoney.co.uk Published: 02:52 EDT, 13 February 2020 | Updated: 04:47 EDT, 13 February 2020
Moves such as cutting higher rate tax relief are often depicted as hitting the wealthy older generation, but that’s disingenuous.
A raid on popular pension tax breaks to drum up cash for other Government projects is reportedly on the cards at the upcoming March Budget.
Former Army Major Adrian Furnival, pictured with wife Sheila, will soon have £70 stripped from his £260 weekly pension – yet was only told about the cut in February 2018
Savers who want to ease into or delay retirement should be allowed to take part of their state pension and put off drawing the rest, says Aviva.