High earners could face significant cuts to pension tax relief in the upcoming Budget under new Treasury plans to rein in the “perverse” system, according to reports.
The Times today (18 February) reported that the Treasury has drawn up plans to slash the rate of relief from 40% to 20% in a move that would save the government around £10bn annually. Tax relief on...
Professional Pensions is delighted to confirm the Women in Pensions Awards 2020 will be presented at a virtual ceremony on 25 November.
The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
The UK has continued to struggle against its peers in an international analysis of pension systems due to continuing concerns over adequacy and sustainability.
Just one in six (16%) of schemes believe the Covid-19 pandemic has weakened their sponsor’s ability to support them in the long term, research by Willis Towers Watson finds.
Have your say: Should members be allowed to access their pension early to 'borrow' a deposit for buying a house?
In this latest Pensions Buzz we want to know whether you think savers should be allowed to access their pension early in order to buy a house.