Sipp and platform provider AJ Bell has urged Chancellor Philip Hammond to avoid slashing pension tax relief in the Budget after speculation that the Treasury will need to cut pensions relief to make up for shortfalls in revenue and to curtail the rising cost of pre and post-retirement tax benefits.
The government has introduce a second finance bill today which will reinstate many of the changes delayed before the general election, including the MPAA cut which is back-dated to April.
The fall-out from a General Election inevitably involves a game of musical chairs; masquerading as a Parliamentary reshuffle.
The Lifetime ISA has been attacked as a ‘gimmick’ and a ‘competitor’ to pensions - less than two hours after it was revealed.
The new Lifetime ISA could be used for “other specific life events” apart from buying a first home and for retirement.
Radical changes to ISAs have been announced as one of the major headlines in the Budget today.
Tax for many businesses purchasing property will be cut, the Treasury said, as it announced changes to commercial property stamp duty in today’s Budget.
Consumers using the Pension Wise service will be given more than one appointment in future, the Government said this morning.
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.
The FCA must fire a warning to firms that barriers stopping savers accessing their pensions are unacceptable, the Government has commanded.
News from Twitter
Articles by Keyword
AJ Bell
AMPS
annuities
Autoenrolment
Barnett Waddingham
Curtis Banks
DWP
FCA
FOS
FSCS
Hargreaves Lansdown
HMRC
James Hay
Lisa Webster
Mattioli Woods
Pension
pensions
pension transfers
Platforms
regulation
retirement
retirement planning
Sipp
Sipps
Ssas
The Pensions Regulator
TPR
Webster
websterblog
Xafinity