Don’t wait to rely on just the state pension for your retirement - your own contributions now could have an incredibly big ...
More pensioners are opting to take pension income early to avoid being double - or even triple - taxed later in life ...
HMRC statistics show there was a marked increase in the number of taxpayers across the board between 2021/22 and 2022/23.
Pension tax relief is a great way to supercharge your finances, potentially adding thousands of pounds to your retirement savings. It’s essentially free money and works by boosting your pension ...
with up to 2.3 million higher earners not claiming tax relief on their pension contributions. Pensions tax relief is an enormous incentive to save, with relief paid at the member’s marginal rate. This ...
Rising house prices are dragging more people into being subject to the tax, and Labour announced changes to the tax in ...
As well as cutting valuable agricultural reliefs from inheritance tax, the Budget held an extra shock by bringing personal ...
with up to 2.3 million higher earners not claiming tax relief on their pension contributions. Pensions tax relief is an enormous incentive to save, with relief paid at the member’s marginal rate.
Anyone paying into a pension gets an extra tax-free allowance, but using a little-known scheme, you can extend that by ...
A friend had a £50,000 defined contribution pension which he had to liquidate during Covid. I had a defined benefit pension which was significantly larger but did not exceed the old £1m lifetime ...
As of February 2025, the UK government has announced that the annual Individual Savings Account (ISA) allowance will remain ...