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Rachel Reeves confirms ‘workaround’ for pensioners facing tax bill on state pensionAs the full new state pension looks set to breach the tax-free personal allowance within years, the government has said anyone on just a state pension won’t have to pay income tax on the payment until the end of this parliament
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Autumn Budget live: Rachel Reeves cuts cash ISA limitLive updates Chancellor Rachel Reeves unveiled a slew of tax hikes and ISA reforms in her second Autumn Budget. We take a look at the latest updates and analysis
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Steve Webb: MoneyWeek TalksPodcast Sir Steve Webb spoke to Kalpana Fitzpatrick on the MoneyWeek Talks podcast – about the triple lock and using pensions for property.
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26 million Brits at risk of retirement shortfall if state pension triple lock were to be scrappedCurrent projections of pensioner poverty assume the state pension triple lock will be in place for the next 50 years. Critics say this is unlikely and revised figures showing pension undersaving among millions more people give a truer picture of the crisis
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1 million pensioners relying solely on state pension face £1.4k shortfallThe shortfall between the ‘minimum’ required for Pensions UK’s basic Retirement Living Standards and the full new state pension will be thrust into the spotlight on Saturday
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Radical reforms to state pension age and guaranteed payouts proposedThe state pension age should rise by one year every decade “for the foreseeable future” to make the payments more affordable, former pensions minister Steve Webb has suggested
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UK state pension is least generous in the G7 – how do other rich countries compare?British retirees get substantially less in state pension than in other wealthy nations, and for fewer years, but the balance is a lower tax burden on working age people
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State pension to rise 4.8% in April under triple lockThe full new state pension is set to reach £12,548 a year, reflecting the 4.8% wage growth measured under the triple lock. The bumper boost will raise questions about fairness and sustainability, while more pensioners could be hit with a tax bill
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Should state pension age rise to 70? Have your say in government reviewThe state pension age review will consider the “merits” of automatic increases tied to life expectancy. If you want to give your view, you’ll need to be quick, as the deadline is looming
