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Displaying items by tag: Budget

There are ‘ominous’ signals over pensions tax relief that a ‘bloody nose’ is still to come despite the Chancellor’s silence on the subject yesterday, industry figures have warned.
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Pensioners will have £15 more in 2020 than they need every week to afford a decent standard of living, according to a report assessing the impact of the summer Budget.
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George Osborne has opened up the possibility of “radical reforms” which could mean pensions become taxed like ISAs.
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Chancellor George Osborne has confirmed in his Budget today that 5m people will get the freedom next year to sell on their annuities for cash.
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Thursday, 12 March 2015 13:05

Annuity re-sales could be in next week's Budget

The final Budget of this Parliament may feature plans which could lead to a new market in second-hand annuities.
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Wednesday, 11 February 2015 17:04

Sipp specialist predicts a boom in trivial commutation

Pension actuaries are predicting a significant rise in the number of 'trivial commutations' to support pension scheme de-risking plans.
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Advisers have reported a significant jump in clients seeking advice since the sweeping reforms to pensions were announced in March.

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Pensioners who are unable to get regulated financial advice are "at risk" when the Budget reforms take effect next year, a pensions firm boss has said.

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Friday, 26 September 2014 12:16

Advisory firm blasts Government over 'guidance tax'

A Financial Planning firm has hit out at the costs facing advisers to fund the new retirement service pledged by the Government in the Budget, labelling it the 'guidance tax'.

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Thursday, 11 September 2014 12:20

Smaller pension pot customers take cash lump sum

The latest annuity data has suggested customers with smaller pension pots have immediately started to use the new freedoms to take their cash lump sum, according to the ABI.

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