In a major decision, the government on Thursday decided to set up the 8th Pay Commission to revise salaries of central government employees and allowances of pensioners. The decision to set up the ...

The financial services firm warns plans to make pensions liable for inheritance tax from spring 2027 is likely to worsen delays to getting probate. And Steve Webb, former Pensions Minister and ...

Rachel Reeves has been urged to rule out another tax raid on retirement pots after the appointment of a pensions minister who has called for sweeping reform. Following the promotion of Torsten ...

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In 2027, previously tax-free pension pots and benefits will start counting towards your estate as David Piltz, CEO at Gallagher’s Employee Benefits & HR Consulting Division in the UK ...

If the chancellor promised not to raid pension tax relief it would help people plan with greater certainty, according to Steve Webb. Webb, a former pensions minister who is currently a partner at ...

He has advocated in the past for a complete overhaul of pensions tax relief and proposed dramatically reducing the tax-free pension withdrawal limit from £268,275 to £40,000. Among the options ...

Defined benefit (DB) pension funds were in better shape at the end of 2024 than they have been since the dot-com bubble days at the turn of the century. That’s according to a pair of surveys released ...

Explain how pension contributions qualify for tax relief Explain how carry forward of unused annual allowances works Explain what the “chargeable amount” means in the context of the annual ...

If you have a partner, Pension Credit will top up your joint weekly income to £332.95 and you can claim an additional £19.04 a week if eligible. You do not pay tax on Pension Credit.

Everyone has an annual pension allowance, the amount they can pay into their retirement savings without having to pay tax. This is different from other savings allowance such as the individual ...

With the full New State Pension currently pegged at £11,502 for the tax year 2024/25, expect an increment to £11,973 come the 2025/26 tax year. This scenario sketches out a remaining £1,068 ...