Personal finance

The maximum pension which can be purchased while staying within HMRC tax relief limits has been slashed by two thirds in the last decade, according to a new Policy Paper by Royal London. The report...
HMRC has published details on the take up of protections against a fall in the Lifetime Allowance (available here).  17,453 applications have been received since launch of the online service on 28...
The Lifetime Allowance has been a thorn in many people's sides for a long time now, especially now that HMRC confirmed the tax revenues raised from those who breached it for 2015/16 rose 62% from the...
Retirement is firmly on people's minds, according to research from Legal & General Investment Management (LGIM). The research, released today to mark Pension Awareness Day, finds the biggest...
Most people know that chancellor George Osbourne has been proactive in shaking up the system that governs our taxes. You may have been affected in a multitude of ways already, but if you’re a fixed-...
In 2015, the charity Citizens Advice received 3,747 enquiries about people who had died without making a will - more than double the number it received in 2011. Furthermore, a poll conducted last...
Radical changes to pension schemes being introduced by the government could leave high earners with unexpected tax bills, warns Secondsight, the employee benefits arm of Foster Denovo. From 6 April...
Responding to a question from Tory MP Richard Graham today, the Chancellor George Osborne indicated that the Treasury will produce the government’s final response to its pension tax consultation in...
The Conservatives have announced that they want to reduce the generosity of pension tax relief for those with an income of above £150,000 a year. The Labour party have already announced that they...
With the advent of the latest pension reforms, pensions are set to become like bank accounts: the over 55s  will be able to draw as little or as much (subject to income tax above the 25% tax free...