The new Lifetime ISA could be used for “other specific life events” apart from buying a first home and for retirement.
Radical changes to ISAs have been announced as one of the major headlines in the Budget today.
Tax for many businesses purchasing property will be cut, the Treasury said, as it announced changes to commercial property stamp duty in today’s Budget.
A new pensions body is to be created as a part of a shake up that includes creating a ‘slimmer’ Money Advice Service.
Nearly a fifth of consumers may be planning to withdraw cash from pensions to drip-feed it into an ISA once they turn 55, according to new data.
Pension holders should be able take out a small amount from their pot to pay for pre-retirement advice, a major review has proposed.
Looking at the UK’s first State Pension Age review...
I was writing an article the other day in which I made the point that, with the changing demographics in the UK, one of the Government’s main tools for controlling costs and behaviour is the State Pension Age (SPA).
Radical pension reforms could significantly boost the pension savings of the majority of earners, but at the cost of substantial losses to high earners and major disruption to the industry, a report concluded.
Sipp contributions more than trebled compared to the previous year, Fidelity International’s pension inflow figures showed.
Sipp firm: Doubts over tax relief cost Treasury £billions
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