Pension Tax
The latest news, updates and opinions on Pension Tax from the expert team here at MoneyWeek
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Pensions IHT reform: major changes needed says former ministerExperts are calling on the government to make the system for applying inheritance to pensions ‘more effective, efficient and humane’
By Dan McEvoy Published
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DIY pension investors take tax-free cash amid switch to ISAsSelf-invested personal pension (SIPP) investors are rushing to withdraw their tax-free cash and turning to ISAs amid fears of a pension tax raid in the Autumn Budget
By Laura Miller Published
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12 ways pensions could be reformed in Budget – including an alternative to charging IHTPension savers could face new rules after the Budget if chancellor Rachel Reeves targets their pots to fill her own fiscal black hole – what potential pension changes could be on the way?
By Laura Miller Published
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Rachel Reeves urged to avoid pension tax relief raid or risk ‘Omnishambles Budget’It might seem like low-hanging fruit, but cutting pension tax relief would be a dangerous move for the chancellor, says former pensions minister Steve Webb
By Katie Williams Published
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420,000 more pensioners to be dragged into paying income tax – how does tax on the state pension work?Hundreds of thousands more pensioners will need to pay tax on their pension income at the end of this tax year, new HMRC data shows. We look at how taxation on the state pension works.
By Daniel Hilton Published
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Should you take a 25% tax-free pension lump sum in instalments?Taking out a 25% tax-free lump sum from your pension sounds appealing but it might not be the best way to manage your retirement savings.
By Holly Thomas Last updated
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Spring Statement: what could Rachel Reeves say about pensions?The chancellor will deliver her Spring Statement on 26 March. We look at whether there will be any announcements on pensions that could affect savers or retirees
By Ruth Emery Published
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State pension could rise to £12,600 next year - dragging millions into paying taxThe triple lock could trigger a 5.5% increase to the state pension in April 2026, economists suggest. This means the full state pension will breach the tax-free personal allowance
By Ruth Emery Published
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HMRC vows to tackle overtaxed pension scandal as pensioners reclaim millionsPensioners claimed almost £50 million in pension tax overpayment refunds in the past three months. Now, HMRC says it wants to improve the system so pension savers “pay the right amount of tax from the outset”. We explain what’s changing
By Ruth Emery Published
