Tax on pension income will soon become unavoidable for most retirees in the United Kingdom. Whilst the Government has committed to ensuring that those whose sole income derives from the
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A proposed clampdown on tax advantages attached to salary sacrifice schemes risks disincentivising pension saving in Britain and penalising responsible employers, according to Dame Amanda Blanc, chief executive of Aviva.
Labour is facing mounting calls to permit individuals to access their state pension up to three years early as the future of the triple lock guarantee comes under the spotlight.
Aviva, one of Britain’s leading pension providers, is set to transform the investment landscape for workplace pension savers by introducing a new default option that will see a significant 25
Rachel Reeves, the Chancellor, is weighing up whether to reduce the limit on the tax-free pension lump sum as she grapples with a public finance gap estimated at up to
In a significant move that underscores confidence in the UK financial sector, European insurance giant Athora has announced its acquisition of Pension Insurance Corporation (PIC) for £5.7 billion, marking the
Nearly 300 savers faced tax bills of £98,000 or more on their retirement pots last year after withdrawing substantial pensions in one go. Data from Standard Life reveals that 292
The UK government is being urged to reconsider the mandatory minimum pension contribution rates, as experts warn that the current 8% of earnings is insufficient to guarantee a comfortable retirement
The newly appointed UK pensions minister, Torsten Bell, has historically advocated for replacing the state pension triple lock, describing it as “not a sensible mechanism” for pension increases. Bell’s appointment
Leading UK wealth managers have issued stark warnings to Chancellor Rachel Reeves regarding her proposed plan to subject pensions to inheritance tax, describing it as a measure that could severely
The UK Treasury is bracing for a significant increase in housing benefit payments to pensioners, with projections indicating that the annual cost could skyrocket to £15.4 billion by 2035. This
