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Displaying items by tag: Budget

Sipp contributions more than trebled compared to the previous year, Fidelity International’s pension inflow figures showed.
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Any moves to further reduce tax relief on future pension contributions would be a “second tax grab on pension savers”.
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There are ‘ominous’ signals over pensions tax relief that a ‘bloody nose’ is still to come despite the Chancellor’s silence on the subject yesterday, industry figures have warned.
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Pensioners will have £15 more in 2020 than they need every week to afford a decent standard of living, according to a report assessing the impact of the summer Budget.
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George Osborne has opened up the possibility of “radical reforms” which could mean pensions become taxed like ISAs.
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Chancellor George Osborne has confirmed in his Budget today that 5m people will get the freedom next year to sell on their annuities for cash.
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Thursday, 12 March 2015 13:05

Annuity re-sales could be in next week's Budget

The final Budget of this Parliament may feature plans which could lead to a new market in second-hand annuities.
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Wednesday, 11 February 2015 17:04

Sipp specialist predicts a boom in trivial commutation

Pension actuaries are predicting a significant rise in the number of 'trivial commutations' to support pension scheme de-risking plans.
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Advisers have reported a significant jump in clients seeking advice since the sweeping reforms to pensions were announced in March.

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Pensioners who are unable to get regulated financial advice are "at risk" when the Budget reforms take effect next year, a pensions firm boss has said.

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