Pension death tax an ‘area to target’ experts say Personal Finance In a new report, the industry body discussed the wide range of changes to pension taxes which Reeves is rumoured to be considering ahead of the budget, warning there were "no easy solutions".
‘Hugely damaging’: AJ Bell warns Reeves against pension tax raid Investing AJ Bell has added to mounting calls for Rachel Reeves to retreat from a raid on UK pensioners today as it warned rumours of the government’s tax plans were “hugely damaging” and “making people fearful about long-term saving”. In a call to the Chancellor, the FTSE 250 savings and investment platform, which is headquartered in [...]
Is Rachel Reeves planning a £24bn pension tax raid? Investing It has been reported that the Treasury is considering what could amount to a £24bn pension tax raid as Rachel Reeves tries to plug her £22bn budget black hole. The Chancellor has reportedly been looking at tax relief on pension contributions, specifically, employers’ national insurance relief. There are two forms of national insurance. Employees, paid [...]
Companies need to boost employee pensions says IFS September 16, 2024 Approximately 30 per cent to 40 per cent of private sector employees will have individual incomes in retirement that fall short of standard benchmarks, the IFS said.