Chancellor Rachel Reeves continues to fuel panic among pension savers ahead of the Budget by refusing to rule out a raid on 25 per cent tax-free lump sums. It is the same concern people coming up to ...
News the lump sum will remain fixed comes after months of rumours that the limit could be at risk, which were only quashed ...
AJ Bell says months of budget tax speculation triggered £600m in early pension withdrawals and attacks Rachel Reeves’s ...
The Chancellor must rule out a pensions raid in the Budget as she faces a re-run of last year's damaging dash for tax-free cash, it was warned last night. Speculation about a new lower cap for the ...
Under current tax rules, inheritors of pensions pay income tax at their marginal rate of 20 per cent, 40 per cent or 45 per cent, if the saver is 75 or older when they die. The levy is not applied if ...
Savers in their droves were panicked into pulling tax-free cash out of their pensions before the Budget for fear of a ...
As the Autumn Budget approaches on 26 November, pensions are firmly in the Treasury’s sights. From tax relief to salary ...
Pensions UK's Dirk Paterson looks for some positive takes on last week's Budget announcements relating to investment, ...
The Society of Pension Professionals (SPP) has warned against a "blanket" legislative change to mandate indexation on defined benefit (DB) pension rights ...
Income tax will be scrapped for people whose sole income is the state pension, the Treasury has confirmed. The state pension ...
UK tax resident recieves pension lump sum from a South African pension. Reading the DTA I believe 100% of the sum is taxable in the UK, but am I ...
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