The pension annual allowance trap
Latest HMRC figures show that the annual allowance continues to help fill its depleted coffers. Source: HMRC. The annual allowance is an important number in the pension world. It sets the maximum tax-efficient amount of total contributions in a tax … Continue reading
Placing a cost on retirement
How much income do you need for a comfortable retirement? New research has put a post-pandemic price on the answer. One traditional way to answer the question of how much income you will need in retirement is to fix the … Continue reading
Triple Lock shifts to Double Lock in 2022
The temporary Triple Lock suspension has cost pensioners up to £9.35 a week. Source: ONS. Call it a good day for burying bad news. Within hours of the Prime Minister announcing his long-awaited plans for social care in England in … Continue reading
Company cars: heading downhill fast?
Recent data suggests the number of company car drivers continues to fall. Source: HMRC. Once upon a time, the aspiration of many an office worker was to climb the ladder to the height at which a company car became part … Continue reading
The Autumn Budget – taxed and spent
After already increasing taxes by £42 billion a year in 2021, the main focus of Chancellor Rishi Sunak’s Autumn Budget was on spending. The first Autumn Budget in three years – and Mr Sunak’s third in less than 20 months … Continue reading
