In the Budget, the government confirmed that it will introduce a system to make top-up payments for contributions made in 2024-25 onwards directly to low-earning individuals saving in a pension scheme using a net pay arrangement
In our regular Q&A series, Croner Taxwise apprentice tax adviser Ria Dhillon considers the tax implications when a company decides to boost the pension contributions for directors
The Pension Regulator (TPR) will be able to use its new criminal sanctions to crack down on misuse of pension funds and a penalty regime with a £1m fine for the worst cases
It is estimated that the 134,000 people have not been paid up to £8,900 in state pension payments due to outdated IT systems and ‘repeated human errors’ made by the Department for Work and Pensions (DWP)
The very low limit on the money purchase annual allowance (MPAA) means that many pension savers are at risk of receiving unwanted tax bills by overpaying into their pensions, warns Aegon
The government has confirmed that the state pension will rise by 2.5% from April 2022, breaking the pension lock as a result of the impact of the pandemic
In our weekly Q&A series, Suzanne Rowland, tax adviser at Croner Taxwise, considers whether tax is payable on a state pension and compliance with self assessment
A former owner of Norton Motorcycles is to be prosecuted for illegally investing money into the business from three pension schemes for which he was the sole trustee
The lifetime allowance freeze is a pensions time bomb waiting to explode, but it may be worth considering a transfer of funds to a qualifying recognised overseas pension scheme (QROPS), explains Rachel De Souza, private client partner at RSM
The Chancellor, Rishi Sunak, has not dismissed the idea of lifting the triple lock on pensions in his response to a letter from the Treasury Committee which asked for his stance on the matter
The Prime Minister and Chancellor has called on UK’s institutional investors to invest money into businesses and infrastructure to create an ‘Investment Big Bang’ to help the UK economy recover from the pandemic
The Low Incomes Tax Reform Group (LITRG) announced its disappointment in the government for the lack of progress towards rectifying net pay pension schemes that sees an estimated 1.5m low-income workers paying a 25% penalty for their pension savings
The government has confirmed that it will proceed with plans to increase the normal minimum pension age (NMPA) from 55 to 57 years, marking the age they can access their pension pots tax free
