Reviewing Your State Pension

Reviewing Your State Pension

Earlier this year, a report suggested that half a million people could be paying ‘unnecessary’ tax on their state pension. The issue arises where someone carries on working beyond state pension age. At 65, state pension age is now the same for women as for men. It...
Pensions Re-Enrolment: Don’t Get Caught Out

Pensions Re-Enrolment: Don’t Get Caught Out

As an employer, did you know that you have a legal duty to re-enrol certain employees back into an automatic pension scheme every three years, even if they opted out the first time? Failure to do so could result in a penalty… If you were one of the thousands of...
New Allowance for Pension Advice

New Allowance for Pension Advice

A new allowance which will enable people to access pensions advice in a tax efficient way will commence in April 2017. Under existing rules, if you require advice regarding pensions you will normally have to pay a fee to a Financial Adviser. A new allowance being...
Reductions To The Annual Pension Allowance

Reductions To The Annual Pension Allowance

The annual pensions allowance is set to change on 6 April 2016 if your “threshold” income exceeds £110,000 and your “adjusted” income exceeds £150,000. For most people the annual allowance is £40,000, but should your income exceed the above limits the allowance (which...