Below you'll find a list of all posts that have been tagged as “Pensions”
The chancellor chose to leave the tax-free lump sum unchanged in the Autumn Budget The pensions tax-free lump sum has remained unchanged, despite speculation the chancellor would tinker with this in the Autumn Budget. Chancellor Rachel Reeves delivered her Budget today (26 November), confirming changes to salary sacrifice for pensions and inflation protections for pre-1997 pensions in the Pensions protection Fund and …
Millions of people are at risk of missing out on retirement savings because they have lost track of their pension pots, Standard Life has warned. Research from the company found a quarter of UK adults do not know who their current pension provider is. The same amount were also unaware that moving jobs could result in multiple pension pots. While consolidation could …
Inflation remained unchanged at 3.8 per cent in September, meaning the state pension will rise by 4.8 per cent in line with July’s earnings growth figure under the triple lock. In April 2026, the state pension will get bumped up by the July earnings growth figure of 4.8 per cent. Therefore, the full ‘new’ state pension should increase from £230.25 …
Dr Suzy Morrissey has been appointed by DWP to prepare an independent report ahead of the review. The government has today launched the third review of state pension age. First announced in July, the review will consider whether the rules around pensionable age are appropriate, based on the latest life expectancy data and other evidence. The government is set to …
Unused pension funds will fall under IHT scope from April 2027 The government is ploughing on with its plans to bring unused pension funds into the realm of inheritance tax (IHT) despite a “deluge of criticism” from industry practitioners during a consultation phase during which they put forward alternative options. The Treasury has today (22 July) released draft legislation to bring undrawn …
The measure will bring unused pension funds and death benefits into the scope of inheritance tax from April 2027. The government has confirmed that it will bring most unused pension funds and death benefits into scope of inheritance tax from 6 April 2027, despite growing concerns from the pensions industry. First announced during the 2024 Autumn Budget, the draft legislation means that …
