Up to 200,000 people are set to cash in their pension pots all in one go next year, according to new research. From April 2015, all those over the age of 55 will have the freedom to take all their savings out of their pension fund, if they wish. (more…)
Those looking to pass on their pension fund received a boost today when the Government confirmed they’re following through on their promise to scrap the current 55% tax charge on death. This means the tax system will no longer penalise those who draw sensibly on their pension fund, making pensions a very attractive wealth transfer wrapper. (more…)
IMPORTANT ANNOUNCEMENT
The Pensions Regulator (TPR) have announced some important news for partners in LLP businesses. Its effect is both immediate and retrospective, so we would like to bring it to your attention. (more…)
Important Changes to the Lifetime Allowance, Fixed Protection 2014, Individual Protection 2014, Annual allowance that may require your attention. (more…)
It has never been easy, but now it’s going to be damn difficult. Auto-enrolment is underway and is the precursor to compulsory pensions which, if our politicians had any strategic thinking, they would be introducing immediately. However, the potential client base for this is quite understandably suspicious and often quite hostile. This shouldn’t be unexpected; after all, pensions don’t exactly have an enviable reputation. (more…)
Workers are being urged to keep track of their pension savings with a survey suggesting that 25% of over-55s have four or more pension pots.
