Another Parliament, another Pension Schemes Bill
A new pensions bill has been introduced, which could affect your existing pensions. Pension legislation is almost a staple of parliamentary business. If it is not the Chancellor tweaking the tax rules, it is the Department for Work and Pensions … Continue reading
A strangely timed report on attitudes to salary sacrifice
In late May, HMRC published a report – based on data collected in summer 2023 and dated January 2024 – that had been held back for months. Why the delay? HMRC are not renowned for prompt action, except for issuing … Continue reading
How much retirement income do you need?
New research suggests some retirement costs have fallen, but there is a twist… How much net income do you need each year for a minimum, moderate or comfortable living standard in retirement? Every year since 2019, the Pension and Lifetime … Continue reading
The return of the Winter Fuel Payment
The Winter Fuel Payment will be returning for most pensioners in England and Wales this winter. Two days before her important Spending Review announcement, Chancellor Rachel Reeves largely completed a slow-motion U-turn on eligibility for the Winter Fuel Payment (WFP). … Continue reading
15.3 million people at risk of retirement poverty
New research has highlighted the groups on track for a retirement of scrimping. Several investment institutions publish annual reports on the state of the retirement market. The latest, from Scottish Widows, does not paint a rosy picture. Its National Retirement … Continue reading