The article below from This is Money provides a very startling view of how some savers could get caught out by a tax penalty they never thought would be aimed…
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Planning strategies to beat the lifetime allowance
The lifetime allowance in 2016/17 was more than 1000 per cent greater than it was in 2006/07. The lifetime allowance affecting more people is not really a surprise. But the…
Watchdog says you CAN move your final salary pension even if advisers say no
Savers told by financial advisers that they cannot transfer their “final salary” pensions – even if they are fully aware of the risks – have been granted unexpected support by the City…
A “fundamental” shake-up of pensions tax relief was ruled out by the government
A “fundamental” shake-up of pensions tax relief was ruled out by the government this week, but experts are warning pension savers to expect more “slicing and dicing” of lifetime and…
Hung Parliament
Theresa May’s decision to call an early election has surprisingly backfired, leaving the country with a hung parliament rather than an increased majority for the Conservative Party. This raises all…
Personal Allowance Increase
The personal allowance – the amount you can earn before paying income tax – will rise with the start of the new tax year from £11,000 to £11,500. The threshold…