Tag Archives: defined contribution pension
Take full advantage of tax relief – annual and lifetime limits Pensions are a highly tax-efficient form of saving and you should if possible take full advantage of funding your pension contributions to the maximum allowable. You receive tax relief … Continue reading
Are most people unprepared for retirement? People are still being left confused by pensions, with almost two thirds not understanding their key features, according to new research by Wesleyan.
Financial fraudsters using reforms to target retirees Changes to the pension rules are creating new opportunities for scams. Be cautious of anyone approaching you with advice on how to invest your pension. Almost one in ten pensioners has been targeted by … Continue reading
The most radical reforms this century In Budget 2014, Chancellor George Osborne promised greater pension freedom from April next year. People will be able to access as much or as little of their defined contribution pension as they want and … Continue reading
New rules will simplify the existing regime from April 2015 The Chancellor, George Osborne, has brought forward the expected announcement on the tax charge that applies to certain individuals’ pensions on their death. The new rules will simplify the existing … Continue reading