Displaying items by tag: Budget
Budget: Inherited pensions to be hit with IHT from 2027
From April 2027 inherited pension pots will be subject to inheritance tax (IHT), Chancellor Rachel Reeves announced today in her Budget.
Advised clients showing Budget jitters - AJ Bell
Financial advisers have reported a surge in worried clients contacting them with Budget-related questions on pensions taxation and wealth management, a survey by AJ Bell has revealed.
James Jones-Tinsley: Budget panic needs cooling
Beth Joslyn: Why we need a patient Chancellor
Last year, a whirlwind of change hit the pensions industry as schemes and advisers raced to prepare for the removal of the lifetime allowance, while HMRC staff scratched their heads over exactly how it could be done before the end of tax year deadline, writes Beth Joslyn, of AJ Bell (standing in for Lisa Webster who is on holiday).
Martin Tilley: Pensions entering a 'corridor of uncertainty'
As the England cricket team play their last home test series of the summer, I am reminded of a term popularised by the former England batsman Geoffrey Boycott.
Budget: Chancellor pushes ahead with 'Pot for Life'
Chancellor Jeremy Hunt has reaffirmed the Government’s plans to give people one ‘pension pot for life’, moveable from job to job, despite concerns shared by the financial advice industry.
Chancellor sets 6 March as date for Spring Budget
John Moret on a bombshell Budget
John Moret is one of the UK's leading SIPP experts and commentators. As he enters his 75th year, still working part-time, he begins a series of articles looking back at his long career and key topics which have steered the pensions sector. He starts with a timely look at the Chancellor's pension bombshell Budget delivered only yesterday.
Expect Chancellor to raise cash from pensions says NFU
The Chancellor could introduce a limit to the tax-free lump sums taken from pensions, cut the pension annual allowance, and tax pensions when left to descendants to raise cash in the Autumn Budget.
FSCS reports 4,100 'extra' SIPP and pension claims
The Financial Services Compensation Scheme received 4,100 extra SIPP and pensions claims 2019/20 than it expected, resulting in increased cost of £3.9m.