I try to avoid speculating on the outcomes of the Budget. However as this year’s fast approaches one can’t help but take a great deal of interest on the various views being expressed on what will be the aftermath of the Green Paper – Strengthening the incentive to save: a consultation on pension tax relief. So I think this time I will take a punt.
New analysis has shown big variations across the country when it comes to how long workers face having to work to achieve the same quality of pension as their parents’ generation.
A TUC-sponsored report has found that women, carers, ethnic minorities and the self employed lag well behind behind the average man when it comes to pension saving.
George Osborne has a “once in a lifetime opportunity” to create a tax environment to support decent living standards in retirement.
Any moves to further reduce tax relief on future pension contributions would be a “second tax grab on pension savers”.
AXA Wealth’s specialist Sipp and investment platform grew funds under management by 13 per cent to £20.7bn in 2015.
Ex-Pensions Minister and ousted former Liberal Democrat MP Steve Webb has launched a scathing attack on proposals to change tax rules – calling them ‘daylight robbery’.
Retirement customers continue to look to invest the tax free cash lump sum from their pension pots into the buy-to-let property market despite the looming tax clampdown, data from Fidelity International suggests.
Pensions and retirement income have moved above ISAs to the top of the Canada Life table for most in-demand products.
Dentons Pension Management and Transact have joined forces to launch a new Sipp and a “more joined-up proposition”.
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