Displaying items by tag: contributions
Lisa Webster: How to use pensions to beat a tax trap
As a professional, you will undoubtedly be aware of the effective 60% tax rate on income between £100,000 and £125,140 due to the loss of the personal allowance. For parents of 3 and 4-year-olds the real rate can be much higher.
Pension savers get longer to top up NI contribs
Pension savers have won more time to make voluntary National Insurance contributions to fill gaps in their National Insurance records and boost their State Pensions.
1 in 4 savers stopping workplace pension contributions
One in four adults have stopped or are planning to stop contributing to their workplace pensions in order to keep up with rising living costs, a new study has found.
Lisa Webster: Pension contributions – a waiting game?
This time two years ago I wrote about when not to use the pension annual allowance. This year this is particularly pertinent.
Elaine Turtle: Staveley case highlights advice need
It seems as if the SIPP sector has been waiting for the judgments on a number of court cases in recent years. As we get clarity on one, we still await another and these can have implications for not only how a SIPP firm operates, but on advisers and their clients.
Millennials cut back on pension payments
Two in five (40%) of people aged 18 to 34 have stopped (12%) or reduced (28%) pension contributions as a result of the Coronavirus pandemic, according to a new report.
Elaine Turtle: The in-specie question nears a solution
The recent judgment in the HMRC v SIPPchoice case, published in May, was in relation to tax relief on in-specie contributions. This case has been ongoing for a number of years and it would appear that we finally have resolution.
Private sector pension contributions doubled
Private sector employee contributions doubled in the past decade from £8.3bn in 2009 to £16.6bn in 2019.