Pension annual allowance

The minimum pension withdrawal age is set to rise – don’t get caught short
Pensions

The minimum pension withdrawal age is set to rise – don’t get caught short

From April 2028, the earliest age at which you can take money from your pension savings will rise to 57. It's vital that you understand the detail of …
13 Apr 2021
Make sure you max out your pension contributions this year
HMRC tax forms
Pensions

Make sure you max out your pension contributions this year

If you're saving for retirement, make sure that you have used up all their allowances before the tax year ends, and contributed as much to your pensio…
31 Mar 2021
Make sure you don't go over the pensions lifetime allowance
Pensions

Make sure you don't go over the pensions lifetime allowance

Breaching the lifetime allowance for pension savings could prove very costly, says David Prosser.
15 Mar 2021
Don't scrap pensions tax relief. We need people to save more, not less
Pension tax

Don't scrap pensions tax relief. We need people to save more, not less

Scrapping higher-rate pension tax relief would amount to double taxation and discourage retirement saving, thereby depriving the economy of crucial …
5 Mar 2020
Why it makes sense to scrap higher-rate pensions tax relief
Pension tax

Why it makes sense to scrap higher-rate pensions tax relief

The point of pensions tax relief is to keep you out of the means-tested benefits system. The current system is ridiculously generous, says Merryn Some…
24 Feb 2020
A job for the next chancellor: abolish the pensions annual allowance taper
UK Economy

A job for the next chancellor: abolish the pensions annual allowance taper

The government is consulting on the pensions annual allowance taper that is wreaking havoc in the NHS. Much better would be to simply abolish it, says…
24 Jul 2019
How the pension contributions annual allowance is crippling the NHS
UK Economy

How the pension contributions annual allowance is crippling the NHS

NHS doctors are responding to the perverse financial incentives of the pension contributions annual allowance scheme by just not doing any extra work.…
9 Jul 2019
Cover of MoneyWeek magazine issue no 1022, Friday 23 October 2020

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Millions fall foul of pensions contributions rule
Pensions

Millions fall foul of pensions contributions rule

Almost a million savers could face punitive tax charges on their pension contributions because they have unwittingly triggered a substantial reduction…
29 May 2019