Higher rate taxpayers who do not pay into a pension scheme are missing out on a collective £225m in tax relief every year, according to data from Prudential.
The provider said one in ten higher rate taxpayers, who have an average annual salary of £63,000, are currently not making pension contributions. The poll showed respondents who did make additional...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.